Should I speak with my accountant about Bankruptcy?
The answer seems clear doesn't it: if
anyone 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 know-how lie in helping you save you money at tax time, reducing
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
course for those who intend to work in the field. Unless your accountant is an
insolvency expert, he will not 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 happen to find an insolvency accounting firm in Sunshine Coast, they
have the tendency to be large firms with very nice office spaces who charge
accordingly.
Should I chat with my Solicitor about Bankruptcy?
No! You can talk with your solicitor in Sunshine
Coast 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 trying to keep you out of court if you're lucky. When it
concerns 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 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 handful of insolvency
accounting firms, there are very few insolvency legal practices in Australia,
and yes if you find one you will pay a sizeable price for their expertise.
Should I talk to a financial counsellor
about Bankruptcy?
Yes! There are a lot of financial
counselling services to assist you through this, they have no hidden agendas
and they're a fantastic option for letting you analyze your situation when it
comes to Bankruptcy. If you end up stressing out constantly, not sleeping, not
eating or over-eating and thinking about money pressures continuously, then get
some help.
There are also charities around Sunshine
Coast like Lifeline that offer an excellent service. They will be a sounding
board if you just need a person to talk about with you what your possibilities
are. Don't let your financial issue destroy your life - in the end it's just
money.
If you need to learn more about what to do,
where to turn and what questions to ask about Bankruptcy, then feel free to contact
Bankruptcy Experts Sunshine Coast on 1300 795 575, or visit our website:
www.bankruptcyexpertsSunshineCoast.com.au.
