Should I talk with my accountant about Bankruptcy?
The answer seems obvious doesn't it: if
anybody knows your financial circumstance well in Townsville, It's going to be
your accountant. However, the short answer is a definite No! It's not that your
accountant may not have your best interests at heart when it comes to Bankruptcy,
it's that his knowledge lie in helping you save you money at tax time,
minimizing your tax liability and lodging your BAS.
Most accounting degrees will devote very
little to no time on bankruptcy, it's generally carried out as a post graduate
specialty course for those who want 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 assure you insolvency specialists know much
about tax returns or BAS in. If you do manage to find an insolvency accounting
firm in Townsville, they have the tendency to be large firms with very nice
office spaces who charge accordingly.
Should I talk to my Solicitor about Bankruptcy?
No! You can speak with your solicitor in
Townsville but more than likely it won't do you much good. Solicitors are
certainly good at doing 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 Townsville have the tendency to have either a
legal or accounting background, and the reason for that is simply that you
can't start in the post graduate study to become a qualified insolvency
practitioner until 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 a sizable price for their
expertise.
Should I speak with a financial counsellor
about Bankruptcy?
Yes! There are a lot of financial
counselling services to aid you with this, they have no hidden agendas and
they're a great option for really helping you think through your circumstance
when it comes to Bankruptcy. If you find yourself stressing out constantly, not
sleeping, not eating or over-eating and thinking of money pressures constantly,
then get some help.
There are also charities around Townsville
like Lifeline that offer a wonderful service. They will be a sounding board if
you just need a person to discuss with you what your choices are. Don't let
your financial issue destroy your life - ultimately it's just money.
If you would like to learn more about what
to do, where to turn and what questions to ask about Bankruptcy, then feel free
to call Bankruptcy Experts Townsville on 1300 795 575, or visit our website:
www.bankruptcyexpertsTownsville.com.au.
