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76yo loses retirement savings as granny flat builder collapses
Australia📈 Economy11 hr. ago

76yo loses retirement savings as granny flat builder collapses

Terri Beard, a 76-year-old woman who recently battled breast cancer, invested $130,000 into a modular home through Bella Modular, a Perth-based company specializing in transportable granny flats. However, shortly after making the final payment, the company announced it could not complete its projects due to 'financial difficulties,' leaving Ms. Beard homeless and financially devastated. She later secured another modular home from a different company but lost significant retirement savings. The company has since entered liquidation, managed by BCR Advisory, which is investigating the reasons for its collapse and exploring avenues for creditor repayment. The company’s site was found largely abandoned, with no valuable assets remaining, and its directors have not commented on the situation.

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ABC News (Australia) logoABC News (Australia)State / PublicCenter11 hr. ago
76yo loses retirement savings as granny flat builder collapses

Terri Beard, a 76-year-old woman who recently battled breast cancer, invested $130,000 into a modular home through Bella Modular, a Perth-based company specializing in transportable granny flats. However, shortly after making the final payment, the company announced it could not complete its projects due to 'financial difficulties,' leaving Ms. Beard homeless and financially devastated. She later secured another modular home from a different company but lost significant retirement savings. The company has since entered liquidation, managed by BCR Advisory, which is investigating the reasons for its collapse and exploring avenues for creditor repayment. The company’s site was found largely abandoned, with no valuable assets remaining, and its directors have not commented on the situation.

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