Last Thursday, on August 24, Simone Homes Pty Ltd went into voluntary liquidation.The family-run business was headquartered in Leppington in Sydney’s southwest and its liquidator is now Bradley John Tonks of insolvency firm PKF.According to a creditor’s report obtained by news.com.au, the construction company has so far racked up debts of $1.165 million. However, a lot more creditors have yet to submit proof of debt claims, meaning that figure is expected to rise. One disgruntled tradesman told news.com.au “No one knows where that money went”. There are 11 secured creditors and 53 unsecured creditors. Those include banks, the tax department, homeowners, suppliers and subcontractors. According to the documents, it appears that six construction sites have been impacted by the demise of Simone Homes. Simone Homes has total assets worth an estimated $816,000, however some of these have realisable value of nil, according to the liquidator’s report.Of those assets, it has sundry debts totall...