Hundreds of Porter Davis customers risked losing their deposits and the collapsed homebuilder is being investigated to determine whether it traded while insolvent, liquidators have revealed.
About 500 people attended a webinar with appointed liquidators Grant Thornton’s Said Jahani, Matt Byrnes and Cameron Crichton earlier this week to hear they could lose their deposits if work on their projects had not begun.
Porter Davis had about 470 employees and was forecasting revenue of $555 million for the 2023 financial year prior to its collapse last week.
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