One Business Owner’s Story
I figured out I was in trouble when the bank refused to lend me any more against the farm. This home has been in the family for years and the thought of having to give it up was too much. I called my financial advisor and my bookkeeper, and they both suggested me to go and see Liquidators Parramatta which I didn’t do, of course. I found this other liquidation organization and they said that’s the only escape. I realized I had significant debt, but it just looked like I had no choice. My accountant said that because I am shelling out for the liquidator and that it was likely going to be a voluntary liquidation that I would certainly be protected. WRONG!
I found some Liquidators, they appeared professional and capable and these guys said they would help me as much as they could to work through my money problems. I had no idea what was going to happen. They seemed to grasp my circumstance; I had some money coming in and a sale of some equipment going through.
The moment I signed the paperwork the liquidators asked for the keys and that was it. Everything was taken out of my hands, the sale of the equipment was completely taken control of, the money I had coming in was gone, they took control of each and every single thing; it was all gone. The next day my savings account was frozen and what I presumed was going to be a beneficial situation ended up being my worst nightmare. I lost everything!