Should I consult with my accountant about Bankruptcy?
The answer seems obvious doesn't it: if
anybody knows your financial situation well in Sunshine Coast, 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 in mind when it comes to Bankruptcy,
it's that his skills lie in helping you save you money at tax time, reducing
your tax liability and lodging your BAS.
Most accounting degrees will devote hardly
any to no time on insolvency, it's generally done as a post graduate speciality
course 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 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 Sunshine Coast,
they often tend to be large firms with very nice office spaces who charge
accordingly.
Should I chat with my Solicitor about Bankruptcy?
No! You can speak to your solicitor in
Sunshine Coast but more than likely it won't do you much good. Solicitors are
really good at undertaking things lawyers do, like helping you do your Will and
buying your house and keeping you out of court if you're lucky. When it relates
to Bankruptcy, the specialists in Sunshine Coast typically have either a legal
or accounting qualifications, and the reason for that is simply that you can't
start in the post graduate study to become a qualified insolvency practitioner
except if you have a law or accounting degree.
Just as there are a couple of insolvency
accounting firms, there are very few insolvency legal practices in Australia,
and yes if you locate one you will pay a sizeable price for their expertise.
Should I speak with a financial counsellor
about Bankruptcy?
Yes! There are plenty of financial
counselling services to aid you through this, they have no hidden agendas and
they're a splendid option for really helping you think through your situation
when it comes to Bankruptcy. If you end up stressing out constantly, not
sleeping, not eating or over-eating and thinking of money pressures
continuously, then get some help.
There are also charitable organizations
around Sunshine Coast like Lifeline that offer a remarkable 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 like to learn more about what to do,
where to turn and what questions to ask about Bankruptcy, then feel free to get
in touch with Fresh Start Solutions Sunshine Coast on 1300 818 575, or visit
our website: www.freshstartsolutions.com.au/bankruptcy-Sunshine Coast
