Should I consult with my accountant about Bankruptcy?
The answer seems obvious doesn't it: if
anybody 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 won't have your best interests at heart when it comes to Bankruptcy,
it's that his specialization lie in helping you save you money at tax time,
lowering your tax liability and lodging your BAS.
Most accounting degrees will put in hardly
any to no time on bankruptcy, it's generally performed as a post graduate
speciality program for those who intend to work in the field. Unless your
accountant is an insolvency expert, he wouldn't know that a lot about the
implications of Bankruptcy, I can guarantee you insolvency specialists know
much about tax returns or BAS in. If you do happen to find an insolvency
accounting firm in Brisbane, they have the tendency to be large firms with very
nice offices who charge accordingly.
Should I talk with my Solicitor about Bankruptcy?
No! You can talk with your solicitor in Brisbane
but more than likely it won't do you much good. Solicitors are certainly good
at doing things lawyers do, like assisting you do your Will and buying your
house and trying to keep you out of court if you're lucky. When it relates to Bankruptcy,
the specialists in Brisbane have the tendency to have either a legal or
accounting background, and the reason for that is simply that you can't start
in the post graduate study to become a qualified insolvency practitioner unless
you have a law or accounting degree.
Just like there are a handful of insolvency
accounting firms, there are very few insolvency legal practices in Australia,
and yes if you find one you will pay an ample price for their expertise.
Should I talk to a financial counsellor
about Bankruptcy?
Yes! There are plenty of financial
counselling services that can help you with this, they have no hidden agendas
and they're a fabulous option for helping you think through your circumstance
when it comes to Bankruptcy. If you end up freaking out constantly, not
sleeping, not eating or over-eating and thinking of money pressures at all
times, then get some help.
There are also charities around Brisbane
like Lifeline that offer a fantastic 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 issue destroy your life - in the end it's just money.
If you wish to learn more about what to do,
where to turn and what issues to ask about Bankruptcy, then feel free to call
Bankruptcy Advice Brisbane on 1300 879 867, or visit our website:
www.bankruptcy-advice.com.au/Brisbane .
