Creditors of a recently collapsed building company have been warned they’re unlikely to recover their money.
Gold Coast construction company Stokes Wheeler owed staff up to $1.66million and unsecured creditors more than $13.5million when it entered administration in February.
The veteran builders also owed $3.2million to secured creditors, including Westpac.
The $20million debt means unsecured creditors are unlikely to see their money back after Stokes Wheeler entered liquidation this week, the