The directors of failed construction company Nicheliving have saved it from liquidation by buying it back despite being banned from holding a building licence.
Directors Ronnie Michel-Elhaj and Paul Bitdorf are buying back their company after creditors agreed to a $2.7 million deal that will give them cents on the dollar for their debts.
“The creditors will make the decision based upon what measures are in place to give them the best return on their debt,” WA Premier Roger Cook said.
Nicheliving left hundreds of customers in limbo after failing to complete their homes.
Some customers…
