Should I get in touch with my accountant
about Bankruptcy?
The answer seems obvious doesn't it: if
anyone knows your financial circumstance well in Toowoomba, It's going to be
your accountant. However, the short answer is a resounding 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,
minimizing your tax liability and lodging your BAS.
Most accounting degrees will put in very
little to no time on insolvency, it's generally performed as a post graduate
specialty course for those who want to work in the field. Unless your
accountant is an insolvency specialist, he wouldn'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 manage to find an insolvency accounting
firm in Toowoomba, they have the tendency to be large firms with very nice
offices who charge accordingly.
Should I consult my Solicitor about Bankruptcy?
No! You can speak with your solicitor in Toowoomba
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
concerns Bankruptcy, the specialists in Toowoomba typically 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
unless you have a law or accounting degree.
Just as there are a small number 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 speak with a financial counsellor
about Bankruptcy?
Yes! There are plenty of financial
counselling services to assist you through this, they have no hidden agendas
and they're a fabulous option for helping you analyze your situation when it
comes to Bankruptcy. If you find yourself freaking out constantly, not
sleeping, not eating or over-eating and thinking of money pressures all the
time, then get some help.
There are also charities around Toowoomba
like Lifeline that offer an excellent 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 wish to learn more about what to do,
where to turn and what problems to ask about Bankruptcy, then feel free to call
Bankruptcy Experts Toowoomba on 1300 795 575, or visit our website:
www.bankruptcyexpertsToowoomba.com.au.
