Sub-contractors and mum and dad businesses owed money from collapsed building giant Oracle Homes face a nervous wait as liquidators today revealed the list of creditors.

The company went into liquidation back in August, leaving around 300 homes unfinished across the south-east and NSW.

Almost 300 sub-contractors and suppliers are owed around $14 million.

Neil Breen says the list includes plenty of small, local businesses.

Building and construction lawyer from Cornwalls Queensland, Brent Turnbull, says it’s a complex process for liquidators seeking to recoup money.

“There will be two types of buckets that creditors will fall into,” he explained on Brisbane Live.

He said sub-contractors and mum and dad businesses will fall into the “unsecured creditor” category.

“Unfortunately those creditors are only going to get paid if there’s a dividend to the entire creditor pool at the end,” he explained.

“What I mean by that is, basically, the company is in liquidation, the liquidators who are Robson Cotter are going to do their best to recover money for creditors.”

He advised home owners impacted by the company’s collapse seek out their own legal advice.

Press PLAY below to hear more of his advice