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Where to Begin - Vote the Qualified and Incompetent Building Comp...

When to Commence - Vote the Capable and Incompetent Building Companie in Australia..?

The Insolvent, Fugitive, and the ending of CompanyToplace

from July 2023

A Defendant building consultant turned our lives upside down threatening the safety of everyone in the area. Without due diligence, 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 diverting water into our upstairs studio, causing several thousand dollars damage to our property and undermining its structural integrity.

Additionally to outline the absolute lack of construction experience, we through investigation found that the intermediate wall did not meet the legal fire rating, a critical omission that threatened everyone's well-being. Despite our urgent efforts to rectify the issue with the builder and contacting the council, we were informed the builder's inspector had already signed off on the construction, ignoring our concerns and leaving us open to fire.

Despite receiving a legal judgement in their favour and recompense for restitution, the emotional toll was immeasurable and created many unpleasant memories. They were forced to sell their beautiful home, we mourned the loss of our garden refuge, another victim of government negligence and dicey construction practices. The lack of oversight and governance by government and local council created the environment for this tragedy to unfold, highlighting the need for more extensive responsibilities and protection for homeowners.

As we grapple with the aftermath of this ordeal, we are left to ponder: What assistance do owners have when their greatest financial investment are threatened by the negligence of dodgy builders? {https://www.facebook.com/groups/1240633520160302, Builder

fact51del 7 hours ago · Tags: paul meek builder, paul meek construction, |sep|paul meek

When to Start - Voting the Capable and Incompetent Building Compa...

How to Commence - Vote the Competent and Worst Construction Companies in Australia..?

The Failed, Defendant, and the Collapse of Building CompanyToplace's Billion-Dollar Empire

from June 2023

A Insolvent building consultant played a crucial function in secured — managing the collapse of Fugitive Jean Nassif's business empire, which went under financial obligations surpassing $1.24 billion, incl. $88.5 million payable to suppliers and onsite builders.

New revelations about the ruin of Nassif's Toplace group of compaines have surfaced in documents given to the Federal Court this recently by bankruptcy administrators from dVT Group. These papers reveal that secured creditors, such as banks with mortgages on Toplace properties and offshore lenders in tax havens like the British Virgin Islands, are owed one thousand million.

Additional Applicable Info:

Riad Tayeh, and Toplace's Skyview construction in Castle Hill.

Unsecured creditors, have issued financial claims with a total estimated $244 million.

Court claims also indicate that Riad Tayeh, founder of dVT Group of companies, which played a fundamental duty in securing his firm's designation as bankruptcy administrators. Even though being declared financially bankrupt in July 2022 with $5.4 million in debt, Tayeh, now a business consultant, and colleague Antony Resnick attended essential meetings with Toplace top managers in the period leading up to the companies appointment as administrators.

As well as those at the meetings on June 2020 was Jean Nassif's 29-year-old daughter, Ashlyn, whose legal certificate has been suspended while she fights charges relating to fraud tied to Toplace's Skyview construction development in Castle Hill.

Riad Tayeh was legally bankrupt in June last year.

Just before these meetings, a warrant was issued for the arrest of Jean Nassif, 55, who escaped to Dubai in October 2022. Jean and Ashlyn Nassif are accused of fraud to secure a $150 million loan from Westpac.

In July, Resnick and fellow dVT partner Suelen McCallum were appointed voluntary bankruptcy administrators for Toplace, following a resolution passed by Jean Nassif, its sole director The administrators now face the task of handling one of NSW's 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. 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 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 heart of Alexandria Melbourne, Australia stood our gorgeous home of 30 years, a walled award winning house and garden amidst the storm of its streets. For greater than 20 years, it was a beautiful refuge of comfort, a shelter of beauty and asylum.

As an prestigious architect designer, my friend had graced our community with many urban design proposals, but of these none were more personal that the innovative design of the Lawrence Street, Alexandria, Victorian. Conspicuously in the Sydney Morning Herald, it was applauded as a creative masterpiece, blending Victorian charm with neo elegance.

The Victorian conversion was a creed to architectural ingenious—a two-story addition and conversion to a late Victorian semi-attached, offering a home for a family and a home-office or studio. The premier feature was the light tower, far above the main structure with floating stairs, acquiring the core of the south east and north west skies. French sash windows adorned the main bedroom, while timber casement windows decorate in the bathroom welcomed views and filtered light.

However, beautiful existence was destroyed when a new neighbour, a builder, moved in next door. Initially welcomed with open arms, his actions soon created absolute chaos threatening the safety of everyone in the area. Without proper notification, he began demolishing our brick supporting wall, the major load-bearing wall of our master bedroom. At one period of time he had constructed pipes from his roof diverting water into our upstairs studio, causing over some 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 everyone's safety. Despite our urgent 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 project, ignoring our concerns and leaving us vulnerable to harm.

Despite receiving a legal decision in their favour and compensation for the damages incurred, the emotional toll was immeasurable and created many unpleasant memories. They were forced to sell their beloved home, we mourned the loss of our garden refuge, another casualty of proper government oversight and dodgy construction practices. The lack of oversight and appropriate governance by government and local council allowed this tragedy to unfold, highlighting the need for more extensive responsibilities and legal protection for homeowners.

As we wrestle with the consequence of this experience, we are left to consider: What help do homeowners have when their sanctuaries are made vulnerable by the negligence of others? {https://www.facebook.com/groups/1240633520160302, Builder

dimple47dog 7 hours ago · Tags: paul meek builder, paul meek construction, |sep|paul meek

Treachery the Other-side of Connected Walls: A Neighbour's Fatefu...

Subversiveness Backside of Shared Walls: A Neighbour Disastrous Effect on Our Award winning Shelter

In the CBD of Alexandria, Melbourne we had renovated our gorgeous refuge of some 30 years, a concealed award winning house and garden amidst the chaos of its streets. For 30 years, it was a beautiful place of comfort, a shelter of shimmering beauty and asylum.

As an esteemed architect creator, my friend had tirelessly provided to our city of Sydney with numerous city improvement creative proposals, but of these none were more beloved that the innovative design of the Lawrence Street, Alexandria, Victorian style conversion. Conspicuously in the Sydney Morning Herald, it was applauded as a creative masterpiece, weaving old-world magic with neo elegance.

The Victorian conversion was a creed to architectural creativity—a two-story addition and renovations to a Victorian semi-attached, offering a house for a family and a home-office or studio. The premier feature was the light tower, soaring above the main structure with floating stairs, acquiring the core of the southeastern and northwestern sky. French style sash windows dressed the main bedroom, while timber casement windows embellish in the bathroom frame the views and filter the light.

However, our beautiful existence was shattered when our neighbour, a builder, entered the scene next door. Initially welcomed, 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 major load supporting wall of our bedroom. At one point he had setup a hose from his roof diverting water into our upstairs studio, causing over some several thousand dollars damage to our property and undermining its structural integrity.

Additionally to outline the absolute lack of building experience, we discovered that the intermediate wall lacked the required fire rating, a critical omission that threatened everyone's well-being. In spite of our urgent efforts to rectify the problem with the builder and contacting the council, we were informed the builder's inspector had already approved on the building renovations, providing no recourse and leaving us open to harm.

Despite receiving a judgement in their favour and compensation for restitution, the emotional toll was immeasurable and created many unpleasant memories. They were forced to sell their beloved home, we mourned the loss of our award winning sanctuary, another victim of government negligence and dodgy construction practices. The lack of oversight and appropriate governance by government and local council allowed this tragedy to unfold, highlighting the need for more extensive accountability and legal protection for homeowners.

As we grapple with the consequence of this trial, we are left to consider: What help do house owners have when their greatest financial investment are made vulnerable by the negligence of dodgy construction companies?

When to Commence - Voting the Capable and Unqualified Builders in Commonwealth of Australia..?

The Failed, Accused, and the ending of Building CompanyToplace

from Oct 2023

A Fugitive consultant played a important function in secured his bankrupt firm a highly lucrative job — managing the disintegration of Defendant Jean Nassif's property empire, which went under financial obligations exceeding $1.24 billion, inclusive $88.5 million owed to suppliers and sub-contractors.

Fresh disclosures about the ruin of Nassif's Toplace corporation have appeared in evidence shown to the Federal Court this week by bankruptcy managers from dVT Group. These documents unveiled that secured creditors such as offshore lenders in tax havens, are owed $1 billion.

Further Applicatory Info:

Jean Nassif, and Toplace's Skyview building development in Castle Hill.

Creditors without Security, have made claims with a total est. quarter of a billion.

Court filed claims also indicate that Riad Tayeh, founder of dVT Group, played a key responsibility in securing his businesses appointment as bankruptcy managers. Even though being announced insolvent in May last year with $5.4 million in debt, Tayeh, now a business consultant, and colleague Antony Resnick attended crucial meetings with Toplace top managers in the days leading up to the companies appointment as bankruptcy managers.

As well as those attending 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 related to a $150 million fraud bound to Toplace's Skyview building development in Castle Hill.

Riad Tayeh was declared insolvent in June 2022.

Just days before the 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 fraud to secure a $150 million loan from Westpac.

In July, Resnick and fellow dVT partner Suelen McCallum were made 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 NSW's biggest corporate bankruptcy's.

According to Toplace's website, Jean Nassif's company has delivered around 30,000 residential units, shopping centers, and commercial properties throughout Sydney. Administrators are also investigating more than 3,000 residential apartments still under development.

Further complicating the administrators' task The administrators noted difficulty in unravelling the debt due to "intermingling of financial records," adding that Toplace's financial books had not been properly updated since 2021.

Resolution Reached for Mascot Towers, Owners to Finally Escape Longstanding Struggles...

After five years of enduring legal battles and financial burdens, relief may be in sight for the long-suffering apartment owners of Mascot Towers in Sydney. A landmark deal brokered by the New South Wales government offers a pathway for owners to sell their properties individually, potentially freeing them from debt and uncertainty. The majority of owners have opted to accept the government's proposal, which involves selling to a third-party commercial consortium rather than pursuing a collective sale.

As part of the agreement, owners will receive a portion of the $30 million building price, along with means-tested support from the state government. Additionally, banks have agreed to reduce loan balances by up to 40% for owner-occupiers, enabling them to move out without financial encumbrances.

However, this debt-relief option is exclusively available to those who resided in the property prior to its evacuation in 2019 due to structural defects. Eligible owner-occupiers, along with select investors, may qualify for government assistance of up to $120,000, depending on their income and assets. While the deal offers a fresh start for many, it comes with the realization that property values have significantly depreciated since the original purchase. Despite this drawback, the Minister for Fair Trading, Anoulack Chanthivong, views the agreement as a crucial step towards closure for affected owners, describing it as the end of a "dark chapter" in the state's building history.

The next phase involves determining the extent of government support for owners and ensuring that lenders fulfill their commitments. The journey towards resolution began in 2019 when residents were evacuated due to structural concerns, prompting a prolonged battle for justice and financial relief. Throughout this ordeal, owners faced the burden of ongoing levies, mortgages, and remediation costs, exacerbating their plight. The evacuation prompted a grassroots campaign urging regulatory reforms and developer accountability, culminating in the current agreement.

To date, the NSW government has allocated $21 million in support to affected owners, underscoring its commitment to addressing the repercussions of defective building practices. As the community looks ahead to a new chapter, the resolution of Mascot Towers stands as a testament to perseverance and collective action in the face of adversity.

Click That Link

canbasket77 Yesterday, 03:56PM · Tags: paul meek builder, paul meek construction, |sep|paul meek

Treachery the Other-side of Shared Walls: A Builders Calamitous E...

Treachery the Other-side of Connecting Walls: A Builders Calamitous Impact on Our Peaceful Home

In the CBD of Alexandria Melbourne, Australia we had renovated our loving sanctuary of some 30 years, a concealed garden amidst the chaos of the city streets. For over 20 years, it was a gorgeous sanctuary of solacement, a oasis of beauty and asylum.

As an esteemed architect, my friend had tirelessly provided to our city with numerous urban proposals, but of these none were more beloved that the progressive design of the Lawrence Street, Alexandria, Sydney, Victorian style conversion. Conspicuously in the Sydney Morning Herald, it was hailed as a masterpiece, weaving old-world magic with modern-day elegance.

The Victorian transformation was a creed to architectural inventiveness—a two-story build and conversion to a Victorian style semi-attached, offering a home for a family and a home office. The premier feature was the light tower, high above the roof with floating stairs, capturing the core of the southeastern and north west sky. French style sash windows dressed the main bedroom, while timber casement windows decorate in the bathroom frame the views and filter the light.

However, our beautiful existence was destroyed when a new neighbour, a builder, moved in next door. Initially welcomed with open arms, his illegal actions soon turned our lives upside down threatening the safety of everyone in the area. Without warning, he began demolishing our brick supporting wall, the main load-bearing wall of our 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.

To compound matters, we through investigation found that the intermediate wall lacked the required fire rating, a critical oversight that endangered everyone's well-being. In spite of our pressing efforts to seek resolution the problem with the builder 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 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 beloved home, we mourned the loss of our garden refuge, another casualty of government negligence and dicey building practices. The lack of oversight and governance by local government 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 experience, we are left to ponder: What assistance do homeowners have when their greatest financial investment are made vulnerable by the negligence of dodgy builders?

Where to Begin - Vote the Best and Unqualified Builders in Commonwealth of Australia..?

The Failed, Defendant, and the end of Property CorporationToplace

from Oct 2023

A Insolvent building consultant played a crucial function in secured his insolvent company a highly lucrative job — oversight of the dissolution of Suspect Jean Nassif's property empire, which sunk under debts exceeding $1.24 billion, incl. $88.5 million owed to suppliers and tradespeople.

Brand New revelations about the failure of Nassif's Toplace group of compaines have surfaced in documented evidence given to the Australian Federal Court this recently by administrators from dVT Group. These papers unveiled that secured creditors such as banks with mortgages, are owed one thousand million.

Further Applicatory Subject Matter:

Riad Tayeh, and Toplace's Skyview construction in Castle Hill.

Creditors without Security, have filed claims totalling an estimated $244 million.

Federal Court claims also tell that Riad Tayeh, founder of dVT Group of companies, played a fundamental role in securing his businesses assignment as bankruptcy managers. In spite of being proclaimed financially bankrupt in July last year with several million in debt, Tayeh, now a business advisor, and partner Antony Resnick went to essential meetings with Toplace executives in the days before the firm's appointment as bankruptcy administrators.

As well as those at the meetings on July 2019 was Jean Nassif's 29-year-old daughter, Ashlyn, whose legal practicing certificate was suspended while she fights charges related to a $150 million fraud bound to Toplace's Skyview construction development in Castle Hill.

Riad Tayeh was legally bankrupt in May last year.

Just before the 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 falsifying contracts to secure a $150 million loan from Westpac.

In June, Resnick and fellow dVT partner Suelen McCallum were appointed voluntary bankruptcy managers for Toplace, following a resolution passed by Jean Nassif, its sole director The administrators now face the task of handling one of Australia's largest corporate bankruptcy's.

According to Toplace's website, Jean Nassif's company has delivered around 30,000 residential units, shopping centers, and commercial properties throughout Sydney. Administrators are also investigating more than 3,000 residential apartments still under development.

Further complicating the administrators' task The administrators noted difficulty in unravelling the debt due to "intermingling of financial records," adding that Toplace's financial books had not been properly updated since 2021.

Sydney Buildings Falling Down... Nightmare on Builders Street?!

Continuing from my opinion piece "Holding the Line" (https://shorturl.at/4xbiF), the following stories outline a persistent sickness within the Sydney housing and property market. Despite recently updated NSW Building Property legislation, many investors are forced to buy homes that do not guarantee the safety of their money and investment.

These stories often go unnoticed and become the burden of socially righteous politicians in search of votes. The diminishing hope that government and local councils will provide a safe pair of hands for Australians striving to live the Aussie homeowner dream is disheartening.

Failures of Governance

- New Tower Block Evacuated Amid Cracks Concern: (https://t.ly/8b5Xd)

- Opal Tower Evacuation Amid Structural Concerns: (https://t.ly/vy_eG)

Betrayal Behind the Walls: A Neighbor's Ordeal

In the heart of Alexandria stood my friends David and Anne's sanctuary—a walled garden amidst the chaos of city streets. For 30 years, it was a place of solace and safety. David, an esteemed architect, had graced our community with numerous urban projects, none as beloved as the Lawrence Street Victorian conversion. Hailed as a masterpiece, it blended old-world charm with modern elegance.

The Victorian conversion featured a two-storey addition and renovations to a late Victorian terrace, highlighted by a light tower soaring above the main structure with suspended stairs. French windows adorned the bedroom, while timber casement windows in the bathroom welcomed views and filtered light.

As the design set a precedent, builders and designers began poaching the concept. Paul Meek, a builder, purchased the single-storey terrace adjoining my friends' and sought to incorporate David's design concept into his new renovation.

Life was reasonable until Meek began demolishing the upper walls and roof of his terrace, causing horrendous noise and damage to David and Anne's wall. When confronted, Meek revealed large cracks on their wall but refused entry for inspection.

Eventually, David hired an unbiased engineer to inspect the wall at his and Anne's expense, as the City of Sydney had failed to include a Dilapidation Report in Meek's Development Consent.

The wall damage was just the beginning. David and Anne experienced flat car tires from builders' screws, water damage in their home, and other disruptive issues. Despite legal advice, they struggled to hold Meek accountable. Offers from Meek to repair the damage were refused, and my friends settled for a small sum for walls and ceiling damage.

Meek's negligence continued with a faulty stormwater system, causing further damage and concerns about termite risks. Complaints to the Council and Building Certifier were dismissed, leading to a futile letter of demand from David's solicitor.

After repeated flooding incidents and confrontations, David and Anne sought conciliation through the NSW Community Justice Centre, but the Meeks refused. Left with no choice, David and Anne sold their house and retired to the NSW far south coast. The legitimacy of private certifiers approving building works remains under scrutiny by State and Local Government and Royal Commission investigations.

Conclusion

"We did everything we could to resolve these issues; however, although we received minor compensation, it was nothing compared to the stress we endured trying to get our neighbor to build responsibly, and a state government and local council who could do nothing to protect us due to a lack of proper governance."

Australian homeowners are left to ponder: What other disasters are waiting to destroy their dreams? What recourse do house, apartment, and property owners have when their sanctuaries are threatened by greed, incompetence, and negligence? Even with recent legislation in NSW, it fails to provide complete protection for homeowners.

tvjulio0 Oct 18 · Tags: paul meek builder, paul meek construction, |sep|paul meek

Subversiveness the Other-side of Connecting Wall: A Neighbour's D...

Betrayal the Other-side of Connected Partition: A Builders Fateful Effect on Our Award winning Home

In the heart of Alexandria, Melbourne we had renovated our loving refuge of some 30 years, a walled award winning house and garden in the centre of the chaos of the city streets. For over 20 years, it was a gorgeous sanctuary of comfort, a shelter of shimmering beauty and asylum.

As an prestigious architect, my friend had tirelessly provided to our community with many city improvement proposals, but of these none were more beloved that the progressive design of the Lawrence Street, Alexandria, Victorian conversion. Featured in the Sydney Morning Herald, it was hailed as a masterpiece, weaving old-world charm with modern-day elegance.

The Victorian transformation was a creed to architectural creativity—a three-story build and conversion to a late Victorian semi-attached, offering a house for a small family and a home-office or studio. The premier feature was the light tower, far above the roof with floating stairs, acquiring the essence of the south east and northwestern skies. French sash windows dressed the master bedroom, while timber casement windows decorate in the bathroom frame the views and filter the light.

However, this pleasant existence was destroyed when our neighbour, a builder, entered the scene next door. Initially welcomed, his actions soon turned our lives upside down 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 point he had constructed a hose from his roof diverting water into our studio, causing over some several thousand dollars damage to the upstairs rooms, and undermining the footing of the house.

Further to outline the lack of building experience, we through investigation found that the intermediate wall did not meet the legal fire rating, a critical omission that threatened our safety. In spite of our pressing efforts to rectify the issue with the neighbour's and contacting the council, we were informed the builder's inspector had already signed off on the building renovations, ignoring our concerns and leaving us open to fire.

Despite getting a legal judgement in their favour and compensation for the damages incurred, the toll was abysmal and created many unpleasant memories. They were forced to sell their beloved home, we mourned the loss of our award winning sanctuary, another casualty of government negligence and dicey building practices. The lack of oversight and appropriate governance by local government allowed this tragedy to unfold, heightening the necessity for more responsibilities and legal protection for owners.

As we wrestle with the consequence of this experience, we are left to consider: What assistance do house owners have when their greatest financial investment are threatened by the carelessness of others?

When to Begin - Voting the Capable and Worst Building Companies in Commonwealth of Australia..?

The Failed, Suspect, and the ending of Building CompanyToplace

from June 2023

A Failed adviser played a pivotal role in securing his bankrupt company a highly lucrative job — supervising the dissolution of Bankrupt Jean Nassif's property empire, which sunk under debts in excess of $1.24 billion, incl. $88.5 million due to suppliers and tradespeople.

Brand New revelations about the downfall of Nassif's Toplace corporation have come out in documented evidence presented to the Federal Court this month by bankruptcy administrators from dVT Group of Companies. These evidence reveal that secured creditors such as banks with mortgages, are owed $1 billion.

More Applicatory Subject Matter:

Riad Tayeh, Jean Nassif, and Toplace's Skyview development in Castle Hill.

Creditors without Security, have made claims totalling an estimated quarter of a billion.

Australian Federal Court filings also tell that Riad Tayeh, company founder of dVT Group of companies, which was involved in a key duty in guaranteeing his firm's designation as bankruptcy administrators. Even though being proclaimed insolvent in May 2022 with several million in debt, Tayeh, now a business advisor, and colleague Antony Resnick attended important business meetings with Toplace executives in the period before the firm's appointment as administrators.

Included in those at the meetings on June 2019 was Jean Nassif's 29-year-old daughter, Ashlyn, whose Certificate to practice Law 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 charged financially bankrupt in July last year.

Just before these meetings, an arrest warrant was issued of Jean Nassif, 55, who escaped to 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 managers for Toplace. by Jean Nassif, its sole director The bankruptcy administrators now face the task of handling one of NSW's biggest corporate bankruptcy's.

According to Toplace's website, Jean Nassif's company has delivered around 30,000 residential units, shopping centers, and commercial properties throughout Sydney. Administrators are also investigating more than 3,000 residential apartments still under development.

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.