You are using an older browser version. Please use a supported version for the best MSN experience.

Small SA businesses hit by Day collapse

AAP logoAAP 4/11/2016

For small business owners in Bob Day's hometown, knowing the former senator for years has not softened the blow of losing money in his company's collapse.

Unsecured creditors of Mr Day's failed building company in South Australia, Homestead Homes, were told at a creditors meeting in Adelaide on Friday they will not be paid the money they are owed.

The 157 creditors, owned $4.9 million, include tradesmen, subcontractors and customers who have paid deposits to build homes.

Husband and wife Tony and Lina Calvanese, whose waterproofing business has lost about $15,000, say they worked with Mr Day for decades.

Bob Day © AAP Image/Mick Tsikas Bob Day

"I know him personally. I've been to his place, so many times. I know his family, his wife, everybody. I was part of the furniture," Mr Calvanese told AAP.

"Probably he's not a good man. It's not fair, he hasn't been doing the right thing lately for some reason."

Mary Haas, who owns a cabinet-making business with her husband, said Mr Day owed them about $700,000 and she was not surprised by the news they would not get it back.

"It's not like it's just happened," she said.

"They've always lived off everybody else's money, simple as that, for years."

Mrs Haas said she and her husband would be OK but might retire earlier than expected.

"I feel more sorry for the subbies. You know, they've got families, got to feed their kids," she said.

"It's just one of those things. I knew we woudn't get anything."

image beaconimage beaconimage beacon