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Anyone on this site Where to Begin - Vote the Qualified and Unqualified Construction Companies in Commonwealth of Australia..? The Failed, Accused, and the Collapse of Building CompanyBillion Dollar Regime Toplace from Oct 2023 A Failed adviser played a crucial role in secured — managing the dissolution of Suspect Jean Nassif's property empire, which drowned under financial obligations surpassing $1.24 billion, inclusive $88.5 million payable to suppliers and tradespeople. Fresh revelations about the failure of Nassif's Toplace group of compaines have appeared in documented evidence shown to the Australian Commonwealth Federal Court this week by administrators from dVT Group of Companies. These evidence uncover that secured creditors such as offshore lenders in tax havens, are owed one thousand million. Further Applicable Subject Matter: Riad Tayeh, Jean Nassif, and Toplace's Skyview building development in Castle Hill. Creditors without Security, have made claims totalling an estimated $244 million. Federal Court filed claims also tell that Riad Tayeh, company founder of dVT Group of companies, which was involved in a central duty in assuring his businesses assignment as administrators. In spite of being declared insolvent in May last year with millions in debt in debt, Tayeh, now a business advisor, and colleague Antony Resnick attended crucial meetings with Toplace executives in the period leading up to the companies appointment as administrators. Included in those involved at the meetings on May 2019 was Jean Nassif's 29-year-old daughter, Ashlyn, whose Certificate to practice Law has been suspended while she fights charges relating to fraud tied to Toplace's Skyview building development in Castle Hill. Riad Tayeh was legally insolvent in July 2022. Just before the meetings, a warrant was issued for the arrest of Jean Nassif, 55, who fled Sydney for Dubai in December 2022. Jean and Ashlyn Nassif are accused of creating false documentation to secure a $150 million loan from Westpac. In June, Resnick and fellow dVT partner Suelen McCallum were appointed voluntary bankruptcy administrators for Toplace. by Jean Nassif, its sole director The bankruptcy administrators now face the task of handling one of Australia's biggest corporate collapses. According to Toplace's website, Jean Nassif's company has delivered around 30,000 residential units, shopping centers, and commercial properties throughout Sydney. Despite this, several owners' corporations have filed claims amounting to nearly $124 million to address serious defects in Toplace's buildings. Further complicating the administrators' task a staff member suggested there may be another $400 million in loans involving Nassif entities that are not yet under administration. adding that Toplace's financial books had not been properly updated since 2021. In the heart of Alexandria, Melbourne we had renovated our loving sanctuary of some greater than 20 years, a secret special architecturally designed house and garden amidst the storm of the city. For 30 years, it was a beautiful place of comfort, a haven of shimmering beauty and safety. As an prestigious architect, my friend had donated to our community with many municipal design proposals, but of these none were more personal and loved that the modern design of the Lawrence Street, Alexandria, Victorian conversion. Featured in the Sydney Morning Herald, it was acclaimed as a masterpiece, weaving Victorian magic with modern elegance. The Victorian transmutation was a creed to architectural inventiveness—a two-story addition and conversion to a Victorian semi-attached, providing a home for a family and a studio. The premier feature was the light tower, high above the roof with suspended stairway, acquiring the essence of the southeastern and northwestern skies. French sash windows adorned the main bedroom, while timber casement windows decorate in the bathroom welcomed views and filtered light. However, our idyllic lifestyle was destroyed when our neighbour, a builder, entered the scene next door. Initially welcomed with open arms, his actions soon created absolute chaos threatening the safety of everyone in the area. Without warning, he began demolishing a major supporting wall on our property, the major load-bearing wall of our master bedroom. At one period of time he had setup pipes from his roof diverting water into our office, causing several thousand dollars damage to the upstairs rooms, and undermining the footing of the house. To compound matters, we through investigation found that the intermediate wall did not meet the legal fire rating, a major oversight that endangered our well-being. In spite of our urgent efforts to seek resolution the problem with the builder and contacting the council, the council said the builder's inspector had already approved on the building renovations, providing no recourse and leaving us vulnerable to fire. In spite of getting a legal decision in their favour and compensation for the damages incurred, the emotional toll was immeasurable and created many unpleasant memories. They decided to sell their beautiful home, we mourned the loss of our award winning sanctuary, another casualty of government negligence and dangerous construction practices. The lack of proper oversight and appropriate governance by government and local council allowed this tragedy to unfold, highlighting the necessity for more accountability and legal protection for owners. As we wrestle with the effects of this ordeal, we are left to ponder: What help do homeowners have when their sanctuaries are made vulnerable by the neglect of dodgy construction companies? {https://www.facebook.com/groups/1240633520160302, | 