Should I speak to my accountant about Going Bankrupt?
The answer seems obvious doesn’t it: if anyone knows your financial situation well in Brisbane, It’s going to be your accountant. However, the short answer is a definite No! It’s not that your accountant does not have your best interests at heart when it comes to Going Bankrupt, it’s that his skills lie in helping you save you money at tax time, reducing your tax liability and lodging your BAS.
Most accounting degrees will put in hardly any to no time on insolvency, it’s generally carried out as a post graduate specialty course for those who want to work in the field. Unless your accountant is an insolvency expert, he would not know that a lot about the implications of Going Bankrupt, I can guarantee you insolvency specialists know much about tax returns or BAS in. If you do manage to find an insolvency accounting firm in Brisbane, they tend to be large firms with very nice office spaces who charge accordingly.
Should I consult my Solicitor about Going Bankrupt?
No! You can speak with your solicitor in Brisbane but more than likely it won’t do you much good. Solicitors are really good at doing things lawyers do, like assisting you do your Will and buying your house and keeping you out of court if you’re lucky. When it relates to Going Bankrupt, the specialists in Brisbane tend to have either a legal or accounting qualifications, and the reason for that is simply that you can’t enrol in the post graduate study to become a qualified insolvency practitioner unless you have a law or accounting degree.
Just as there are a handful of insolvency accounting firms, there are very few insolvency legal practices in Australia, and yes if you locate one you will pay a sizeable price for their expertise.
Should I speak with a financial counsellor about Going Bankrupt?
Yes! There are lots of financial counselling services to aid you through this, they have no hidden agendas and they’re a terrific option for really helping you analyze your circumstance when it comes to Going Bankrupt. If you find yourself stressing constantly, not sleeping, not eating or over-eating and thinking of money pressures regularly, then get some help.
There are also charitable organizations around Brisbane like Lifeline that offer a remarkable service. They will be a sounding board if you just need a person to go over with you what your choices are. Don’t let your financial trouble destroy your life – in the end it’s just money.
If you really want to learn more about what to do, where to turn and what issues to ask about Going Bankrupt, then feel free to call Bankruptcy Experts Brisbane on 1300 795 575, or visit our website: .bankruptcyexpertsBrisbane.com.au.