Should I consult with my accountant about Bankruptcy?
The answer seems clear doesn't it: if
anyone knows your financial situation well in Tamworth, It's going to be your
accountant. However, the short answer is a resounding No! It's not that your
accountant may not have your best interests at heart when it comes to Bankruptcy,
it's that his skills lie in helping you save you money at tax time, minimizing
your tax liability and lodging your BAS.
Most accounting degrees will put in very
little to no time on bankruptcy, it's generally done as a post graduate specialty
program for those who wish to work in the field. Unless your accountant is an
insolvency expert, he won't know that a lot about the effects 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 Tamworth, they often
tend to be large firms with very nice office spaces who charge accordingly.
Should I consult my Solicitor about Bankruptcy?
No! You can speak to your solicitor in
Tamworth but more than likely it won't do you much good. Solicitors are
definitely good at undertaking 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 comes to Bankruptcy, the specialists in Tamworth often tend to have
either a legal or accounting experience, and the main 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 small number of
insolvency accounting firms, there are very few insolvency legal practices in
Australia, and yes if you locate one you will pay a sizable price for their
expertise.
Should I speak with a financial counsellor
about Bankruptcy?
Yes! There are plenty of financial
counselling services that can help you through this, they have no hidden
agendas and they're an excellent option for letting you think through your
situation when it comes to Bankruptcy. If you end up 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 Tamworth like Lifeline that offer a terrific service. They will be a
sounding board if you just need somebody to talk about with you what your
choices are. Don't let your financial trouble destroy your life - ultimately
it's just money.
If you want to learn more about what to do,
where to turn and what problems to ask about Bankruptcy, then feel free to get
in touch with Bankruptcy Experts Tamworth on 1300 795 575, or visit our
website: www.bankruptcyexpertsTamworth.com.au.
