Liquidators from McGrathNicol are set to question the former director of failed builder Inspired Property Group in the Supreme Court as they intensify efforts to recover funds for creditors owed approximately $35 million.
Court Examinations and Bankruptcy Proceedings
This development marks the latest chapter in the years-long saga of Inspired Homes, which collapsed in April 2025, leaving around 90 homes unfinished. Creditors were informed this week that liquidator Rob Kirman of McGrathNicol will conduct public examinations of former director Vas Spaseski, his wife, and the company's former external accountant in a Supreme Court hearing scheduled for January.
According to Mr Kirman's report filed with ASIC, Mr Spaseski appointed Matthew Vines of Hall Chadwick as trustee under the Bankruptcy Act in late October. The report also revealed liquidators have identified nearly $4.5 million in related party debts - money allegedly owed to the company by the director, a family trust, and another business within the group.
Multiple Legal Battles and Regulatory Action
The public examination represents just one front in Inspired's legal battles. State regulators have secured Federal Court approval to bring the collapsed company before the State Administrative Tribunal, applying further pressure to the company's affairs.
These court actions follow ongoing investigations by McGrathNicol into Inspired's operations. The liquidator's report showed creditor claims of almost $35 million had been lodged by August, highlighting the substantial financial impact of the company's failure.
Years of Delays and Customer Frustration
The West Australian first exposed Inspired's mounting problems in September 2023, when customers voiced anger over construction delays approaching three years. By the time the company collapsed in 2025, some homeowners had waited up to five years for their unfinished properties.
Earlier this year, affected customers met with WA Premier Roger Cook at Dumas House in West Perth, with group spokesperson David Daff leading efforts to find resolution for the stranded home builds. Mr Spaseski could not be reached for comment regarding the latest court developments.
