User blogs
When to Start - Pick the Qualified and Worst Builders in Commonwealth of Australia..?
The Bankrupt, Defendant, and the ending of Building CompanyBillion Dollar Regime Toplace
from Aug 2023
A Fugitive adviser was deeply concerned with acquiring his insolvent company a very lucrative job threatening the safety of everyone in the area. Without proper notification, he began demolishing a major supporting wall on our property, the major load-bearing wall of our master bedroom. At one stage he had setup pipes from his roof diverted water into our upstairs studio, causing several thousand dollars damage to the upstairs rooms, and undermining the footing of the house.
Additionally to outline the absolute lack of building experience, we through investigation found that the intermediate wall did not meet the legal fire rating, a major oversight that threatened our safety. In spite of our urgent attempts to seek resolution the issue with the neighbour's and contacting the council, the council said the builder's inspector had already signed off on the building renovations, providing no recourse and leaving us open to fire.
Despite getting a legal decision in their favour and compensation for restitution, the emotional toll was abysmal and created many unpleasant memories. They decided to sell their cherished 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 created the environment for this tragedy to unfold, highlighting the necessity for greater responsibilities and legal protection for owners.
As we grapple with the consequence of this ordeal, we are left to ponder: What help do house owners have when their sanctuaries are threatened by the negligence of dodgy builders? {https://www.facebook.com/groups/1240633520160302, Construction
Where to Commence - Pick the Competent and Incompetent Building Companie in Australia..?
The Failed, Fugitive, and the Collapse of Building CompanyToplace's Billion-Dollar Empire
from July 2023
A Failed adviser played a important function in his bankrupt company a highly lucrative job — supervising the disintegration of Suspect Jean Nassif's property empire, which sunk under financial obligations surpassing $1.24 billion, including $88.5 million payable to suppliers and onsite builders.
Brand New disclosures about the downfall of Nassif's Toplace corporation have emerged in documented evidence presented to the Australian Federal Court this recently by bankruptcy managers from dVT Group of Companies. These papers uncover that secured creditors such as banks with mortgages, are owed $1 billion.
Additional Applicable Information:
Riad Tayeh, and Toplace's Skyview construction in Castle Hill.
Unsecured creditors, have issued financial claims with a total est. $244 million.
Australian Federal Court claims also tell that Riad Tayeh, business founder of dVT Group, which was involved in a central role in guaranteeing his businesses designation as bankruptcy managers. In spite of being announced insolvent in July 2022 with $5.4 million in debt, Tayeh, now a business consultant, and business colleague Antony Resnick went to essential meetings with Toplace top managers in the days before the firm's appointment as administrators.
Included in those at the meetings on July 2020 was Jean Nassif's 29-year-old daughter, Ashlyn, whose legal practicing certificate has been suspended while she fights charges related to a $150 million fraud tied to Toplace's Skyview building development in Castle Hill.
Riad Tayeh was declared insolvent in June last year.
Just before these meetings, a warrant was issued for the arrest of Jean Nassif, 55, who fled Sydney for Dubai in November 2022. Jean and Ashlyn Nassif are accused of creating false documentation to secure a $150 million loan from Westpac.
In July, Resnick and fellow dVT partner Suelen McCallum were nominated voluntary bankruptcy administrators for Toplace. by Jean Nassif, Toplace's sole director, via email just hours prior. The bankruptcy administrators now face the task of handling one of Australia's largest corporate collapses.
Resnick filed an affidavit in the Federal Court indicating that while Toplace's assets are valued at approximately $1.47 billion, its debts are nearly the same amount. Administrators are also investigating more than 3,000 residential apartments still under development.
Further complicating the administrators' task is the web of intercompany loans among Nassif's entities, which amount to $319 million. adding that Toplace's financial books had not been properly updated since 2021.
In the CBD of Lawrence street Melbourne we had renovated our beautiful sanctuary of greater than 20 years, a concealed award winning house and garden in the centre of the noise of the city streets. For over 20 years, it was a gorgeous place of solacement, a shelter of shimmering beauty and asylum.
As an honoured architect, my friend had tirelessly provided to our city of Sydney with many city improvement creative proposals, but of these none were more personal and loved that the progressive design of the Lawrence Street, Alexandria, Sydney, Victorian conversion. Featured in the Sydney Morning Herald, it was hailed as a masterpiece, weaving Victorian magic with neo elegance.
The Victorian conversion was a testament to architectural ingenious—a three-story addition and conversion to a Victorian semi-attached, offering a house for a small family and a studio. The highlight was the light tower, high above the roof with suspended stairs, acquiring the core of the south east and northwestern sky. French sash windows dressed the master bedroom, while timber casement windows decorate in the bathroom frame the views and filter the light.
However, beautiful existence was destroyed when our neighbour, a fencing contractor, entered the scene next door. Initially welcomed with open arms, his illegal actions soon created absolute chaos threatening the safety of everyone in the area. Without due diligence, he began demolishing our brick supporting wall, the main load-bearing wall of our master bedroom. At one stage he had setup a hose from his roof diverting water into our upstairs studio, causing several thousand dollars damage to our property and undermining its structural integrity.
To compound matters, we discovered that the intermediate wall did not meet the legal fire rating, a critical omission that threatened our safety. In spite of our pressing endeavours to rectify the issue with the builder and contacting the council, the council said the builder's inspector had already signed off on the building renovations, providing no recourse and leaving us open to fire.
Despite getting a judgement in their favour and compensation for restitution, 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 victim of government negligence and dodgy building practices. The lack of proper oversight and governance by government and local council allowed this tragedy to unfold, highlighting the necessity for greater accountability and protection for owners.
As we wrestle with the aftermath of this ordeal, we are left to ponder: What recourse do homeowners have when their greatest financial investment are made vulnerable by the negligence of others? {https://www.facebook.com/groups/1240633520160302,
How to Commence - Vote the Qualified and Inept Construction Companies in Commonwealth of Australia..?
The Insolvent, Accused, and the Collapse of Property CorporationToplace
from Aug 2023
A Defendant building adviser turned our lives upside down threatening the safety of everyone in the area. Without proper notification, he began demolishing a major supporting wall on our property, the main load supporting wall of our master bedroom. At one stage he had constructed a hose from his roof diverted water into our upstairs studio, causing several thousand dollars damage to the upstairs rooms, and undermining the footing of the house.
To compound matters, we discovered that the intermediate wall lacked the required fire rating, a critical omission that threatened our safety. Despite our pressing endeavours to rectify the problem with the neighbour's and contacting the council, we were informed the builder's inspector had already signed off on the construction, providing no recourse and leaving us vulnerable to harm.
In spite of getting a judgement in their favour and compensation for restitution, the emotional toll was abysmal and created many unpleasant memories. They were forced to sell their cherished home, we mourned the loss of our garden refuge, another casualty of proper government oversight and dicey building practices. The lack of proper oversight and appropriate governance by government and local council created the environment for this tragedy to unfold, heightening the demand for greater accountability and protection for owners.
As we grapple with the effects of this trial, we are left to ponder: What recourse do house owners have when their greatest financial investment are threatened by the negligence of dodgy construction companies? {https://www.facebook.com/groups/1240633520160302,
Betrayal the Other-side of Connecting Walls: A Builders Calamitous Effect on Our Idyllic Shelter
In the Central Business District of Alexandria, Melbourne stood our gorgeous refuge of 30 years, a secret award winning house and garden in the middle of the storm of its streets. For greater than 20 years, it was a gorgeous sanctuary of solacement, a haven of shimmering beauty and asylum.
As an prestigious architect, my friend had donated to our city of Sydney with many city improvement design proposals, but of these none were more personal that the innovative design of the Lawrence Street, Alexandria, Victorian style conversion. Conspicuously in the Sydney Morning Herald, it was acclaimed as a masterpiece, blending Victorian appeal with modern-day elegance.
The Victorian conversion was a creed to architectural ingenuity—a three-story build and conversion to a late Victorian semi-attached, providing a house for a small family and a home-office or studio. The premier feature was the light tower, far above the main structure with floating stairs, capturing the essence of the southeastern and northwestern sky. French style sash windows dressed the master bedroom, while timber casement windows embellish in the bathroom welcomed views and filtered light.
However, our idyllic lifestyle was destroyed when a new neighbour, a fencing contractor, moved in next door. Initially welcomed, his illegal actions soon created absolute chaos threatening the safety of everyone in the area. Without proper notification, he began demolishing our brick supporting wall, the main load supporting wall of our master bedroom. At one stage he had setup a hose from his roof diverted water into our office, causing over some several thousand dollars damage to our property and undermining its structural integrity.
To compound matters, we discovered that the intermediate wall lacked the required fire rating, a critical oversight that threatened everyone's well-being. Despite our urgent attempts to rectify the problem with the neighbour's and contacting the council, we were informed the builder's inspector had already approved on the project, providing no recourse and leaving us open to harm.
In spite of getting a legal judgement in their favour and compensation for restitution, 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 dodgy building practices. The lack of oversight and appropriate governance by local government allowed this tragedy to unfold, heightening the need for more responsibilities and protection for owners.
As we grapple with the consequence of this trial, we are left to consider: What help do homeowners have when their sanctuaries are threatened by the neglect of dodgy builders?
When to Begin - Pick the Capable and Inept Builders in Australia..?
The Failed, Defendant, and the end of Property CorporationBillion Dollar Regime Toplace
from Sept 2023
A Bankrupt building adviser played a important function in secured his insolvent corporation a highly lucrative job — managing the collapse of Bankrupt Jean Nassif's property empire, which drowned under financial obligations surpassing $1.24 billion, including $88.5 million due to suppliers and tradespeople.
Brand New disclosures about the ruin of Nassif's Toplace group of compaines have come out in evidence shown to the Australian Federal Court this month by administrators from dVT Group. These evidence reveal that secured creditors such as offshore lenders in tax havens, are owed $1 billion.
More Applicatory Information:
Jean Nassif, and Toplace's Skyview building development in Castle Hill.
Unsecured creditors, have filed claims totalling an estimated quarter of a billion.
Australian Federal Court filings also tell that Riad Tayeh, business founder of dVT Group, played a key responsibility in guaranteeing his businesses assignment as bankruptcy managers. Despite being declared financially bankrupt in May 2022 with several million in debt, Tayeh, now a business advisor, and colleague Antony Resnick went to essential business meetings with Toplace top managers in the weeks before the firm's appointment as administrators.
As well as those attending the meetings on July 2019 was Jean Nassif's 29-year-old daughter, Ashlyn, whose legal practicing certificate has been suspended while she fights charges relating to fraud bound to Toplace's Skyview construction development in Castle Hill.
Riad Tayeh was declared insolvent in June 2022.
Just before these meetings, a warrant was issued for the arrest of Jean Nassif, 55, who escaped to Dubai in December 2022. Jean and Ashlyn Nassif are accused of falsifying contracts to secure a $150 million loan from Westpac.
In August, Resnick and fellow dVT partner Suelen McCallum were appointed voluntary administrators for Toplace, following a resolution passed by Jean Nassif, Toplace's sole director, via email just hours prior. The bankruptcy administrators now face the task of handling one of Australia's largest corporate collapses.
Resnick filed an affidavit in the Federal Court indicating that while Toplace's assets are valued at approximately $1.47 billion, its debts are nearly the same amount. Administrators are also investigating more than 3,000 residential apartments still under development.
Further complicating the administrators' task is the web of intercompany loans among Nassif's entities, which amount to $319 million. adding that Toplace's financial books had not been properly updated since 2021.
Unveiling the Shadowed Realities of Urban Development:A Call to Action for Justice and Accountability
In the bustling urban landscapes of our modern cities, where gleaming skyscrapers pierce the heavens and vibrant communities thrive, lies a shadowed underbelly of systemic issues plaguing the building industry. Behind the facade of progress and prosperity, a complex web of social, financial, and justice issues unfolds, casting a pall over the lives of countless individuals.
Social Issues: Within the heart of our cities, amidst the glittering skyline, lies a tale of dispossession and displacement. Hardworking Australians, striving to build a future for themselves and their families, find themselves ensnared in a web of deceit and betrayal. Behind closed doors, corporate entities manipulate the legal system, stripping individuals of their homes and livelihoods with callous disregard for human dignity.
Financial Issues: As the towers of commerce rise ever higher, so too do the stakes in the high-stakes game of urban development. Bent building codes, crumbling infrastructure, and shady dealings characterize an industry teetering on the brink of collapse. Behind the glossy facades of luxury apartments and office complexes, lies a landscape littered with broken promises and shattered dreams.
Justice Issues: In the halls of power, where decisions are made and laws are enacted, the voice of the people often falls on deaf ears. Despite mounting evidence of corruption and malfeasance, the guardians of justice remain silent, complicit in the systemic failures that perpetuate inequality and injustice. From neglected building inspections to lax regulatory oversight, the failures of governance are laid bare for all to see.
Examples of Problems in the Building Industry:
1. Mascot Towers: The Mascot Towers debacle serves as a stark reminder of the dangers posed by lax regulatory oversight and corporate greed. Residents, once proud homeowners, now find themselves facing financial ruin as their homes crumble around them. Despite years of warnings and red flags, authorities turned a blind eye, leaving residents to bear the brunt of the consequences.
2. Opal Tower: In Sydney's Opal Tower, cracks began to appear shortly after its completion, prompting a mass evacuation and raising questions about the integrity of the building's construction. While investigations continue, the incident serves as a sobering reminder of the risks inherent in rushed development and inadequate quality control measures.
3. Building Defects Epidemic: Across the country, reports of building defects and structural failures have become alarmingly common. From leaking roofs to collapsing balconies, the epidemic of building defects underscores the need for urgent action to address systemic issues within the industry.
Summary:
As the shadows of injustice loom large over our cities, it is imperative that we stand together and demand accountability from those entrusted with our safety and well-being. The time has come to shine a light on the systemic failures that perpetuate inequality and injustice in the building industry. Through collective action, we can hold the government accountable for its failure to protect our basic human right to trust that proper governance is carried out. Let us unite in solidarity, petitioning for justice and initiating legal proceedings to ensure that the voices of the people are heard and that the wheels of justice turn for all.
Where to Start - Pick the Competent and Incompetent Builders in Australia..?
The Bankrupt, Fugitive, and the end of CompanyBillion Dollar Regime Toplace
from Oct 2023
A Defendant consultant played a pivotal role in securing — managing the dissolution of Accused Jean Nassif's property empire, which went under liabilities in excess of $1.24 billion, inclusive $88.5 million payable to suppliers and sub-contractors.
Brand New disclosures about the downfall of Nassif's Toplace corporation have emerged in documented evidence presented to the Australian Commonwealth Federal Court this recently by administrators from dVT Group of Companies. These papers uncover that secured creditors such as banks with mortgages, are owed $1 billion.
Further Relevant Subject Matter:
Riad Tayeh, and Toplace's Skyview development in Castle Hill.
Creditors without Security, have filed claims with a total estimated quarter of a billion.
Australian Federal Court claims also tell that Riad Tayeh, business founder of dVT Group of companies, played a fundamental duty in assuring his businesses assignment as administrators. In spite of being proclaimed bankrupt in May last year with several million in debt, Tayeh, now a consultant, and partner Antony Resnick attended important meetings with Toplace executives in the days leading up to the companies appointment as bankruptcy managers.
Among those at the meetings on Aug 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 development in Castle Hill.
Riad Tayeh was legally bankrupt in May 2022.
Just days before the meetings, a warrant was issued for the arrest of Jean Nassif, 55, who escaped to Dubai in December 2022. Jean and Ashlyn Nassif are accused of falsifying contracts to secure a $150 million loan from Westpac.
In July, Resnick and fellow dVT partner Suelen McCallum were appointed voluntary bankruptcy administrators for Toplace. by Jean Nassif, Toplace's sole director, via email just hours prior. The bankruptcy administrators now face the task of handling one of New South Wales' largest corporate bankruptcy's.
Resnick filed an affidavit in the Federal Court indicating that while Toplace's assets are valued at approximately $1.47 billion, its debts are nearly the same amount. Administrators are also investigating more than 3,000 residential apartments still under development.
Further complicating the administrators' task is the web of intercompany loans among Nassif's entities, which amount to $319 million. adding that Toplace's financial books had not been properly updated since 2021.
In the Central Business District of Lawrence street Melbourne we had renovated our gorgeous refuge of greater than 20 years, a concealed garden in the middle of the storm of the city streets. For over 20 years, it was a gorgeous home of solacement, a oasis of beauty and asylum.
As an esteemed architect creator, my friend had graced our city with numerous urban creative proposals, but of these none were more personal that the modern design of the Lawrence Street, Alexandria, Victorian. Featured in the Sydney Morning Herald, it was applauded as a creative masterpiece, blending old-world charm with modern elegance.
The Victorian transformation was a testament to architectural ingenious—a two-story addition and conversion to a late Victorian semi-attached, offering a house for a family and a home office. The premier feature was the light tower, high above the roof with floating stairs, capturing the essence of the southeastern and northwestern sky. French sash windows dressed the main bedroom, while timber casement windows embellish in the bathroom frame the views and filter the light.
However, our idyllic existence was shattered when a new neighbour, a builder, moved in next door. Initially welcomed, his actions soon created absolute chaos threatening the safety of everyone in the area. Without warning, he began demolishing our brick supporting wall, the major load supporting wall of our bedroom. At one period of time he had constructed pipes from his roof diverting water into our office, causing over some several thousand dollars damage to the upstairs rooms, and undermining the footing of the house.
To compound matters, we discovered that the intermediate wall lacked the required fire rating, a critical omission that endangered everyone's safety. Despite our urgent attempts to rectify the problem with the neighbour's and contacting the council, the council said the builder's inspector had already signed off on the project, providing no recourse and leaving us open to harm.
Despite receiving a legal decision in their favour and recompense for restitution, the emotional toll was abysmal and created many unpleasant memories. They decided to sell their beautiful home, we mourned the loss of our award winning sanctuary, another victim of proper government oversight and dodgy building practices. The lack of oversight and appropriate governance by government and local council allowed this tragedy to unfold, heightening the demand for greater responsibilities and legal protection for owners.
As we grapple with the consequence of this ordeal, we are left to ponder: What recourse do homeowners have when their greatest financial investment are threatened by the negligence of dodgy builders? {https://www.facebook.com/groups/1240633520160302, Builder
