Pindan sinks, property owners advised of next steps

Pindan sinks, property owners advised of next steps
By Maja Garaca Djurdjevic
20 May 2021
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1 minute read
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Property owners affected by the sudden closure of the Pindan Group are being urged to immediately contact their home indemnity insurance provider.
Following a failed attempt to bring in a new investor, the Pindan Group entered administration earlier this week, leaving some 1,400 creditors $80 million out of pocket.
Of the total, the group of creditors includes some 500 subcontractors and 400 trade suppliers, with many expected to fall by the wayside given the sheer volume of claims.
Samuel Freeman of Ernst and Young was appointed as liquidator of Western Australia’s construction giant Pindan on Tuesday.

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