Unsecured creditors of the collapsed Central Coast-based construction company, Kingstone Homes, have been given the slightest glimmer of hope.
The company has been placed in liquidation, enabling tradespeople and suppliers to recover up to 0.6 of a cent, for ever dollar owed to them.
The decision, voted on by the company’s 292 creditors, was recommended in a report on the financial status of the company.
Its debts total $4.5-million.
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