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Families' home deposits 'go missing' as building company collapses

The collapse of a major building company has left 550 homes unfinished and nearly $30 million in money owed - with several customers claiming they cannot access their deposits, even though work on their homes has not started. Snowdon Developments were ordered into liquidation by the Victorian last month, with 52 workers now unemployed and 262 creditors owed $28.6million.Australians who shelled out tens...

Families' home deposits 'go missing' as building company collapses

The collapse of a major building company has left 550 homes unfinished and nearly $30 million in money owed - with several customers claiming they cannot access their deposits, even though work on their homes has not started. Snowdon Developments were ordered into liquidation by the Victorian last month, with 52 workers now unemployed and 262 creditors owed $28.6million.Australians who shelled out tens...

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