Should I talk to my accountant about Bankruptcy?
The answer seems clear doesn't it: if
anyone knows your financial circumstance well in Lismore, It's going to be your
accountant. However, the short answer is a resounding No! It's not that your
accountant will not have your best interests at heart when it comes to Bankruptcy,
it's that his know-how lie in helping you save you money at tax time,
minimizing your tax liability and lodging your BAS.
Most accounting degrees will invest hardly
any to no time on insolvency, it's generally carried out as a post graduate
speciality course 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 Lismore, they often tend to be large firms with very nice
office spaces who charge accordingly.
Should I talk with my Solicitor about Bankruptcy?
No! You can speak to your solicitor in
Lismore but more than likely it won't do you much good. Solicitors are really
good at undertaking 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 comes
to Bankruptcy, the specialists in Lismore tend to have either a legal or
accounting experience, and the main reason for that is simply that you can't
enrol in the post graduate study to become a qualified insolvency practitioner
until 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 a substantial price for their expertise.
Should I talk to a financial counsellor
about Bankruptcy?
Yes! There are a lot of financial
counselling services to guide you through this, they have no hidden agendas and
they're an excellent option for letting you analyze your situation 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 Lismore
like Lifeline that offer a terrific service. They will be a sounding board if
you just need somebody to go over with you what your options are. Don't let
your financial issue destroy your life - ultimately it's just money.
If you like to learn more about what to do,
where to turn and what matters to ask about Bankruptcy, then feel free to call
Bankruptcy Experts Lismore on 1300 795 575, or visit our website:
www.bankruptcyexpertsLismore.com.au.
