Should I speak to 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 definite No! It's not that your
accountant doesn'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, lowering
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
program for those who want to work in the field. Unless your accountant is an
insolvency specialist, he would not know that a lot about the effects 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 Sunshine Coast, they
tend to be large firms with very nice offices who charge accordingly.
Should I talk to my Solicitor about Bankruptcy?
No! You can speak with 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 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 Sunshine Coast will 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
until 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 choose one you will pay a sizable price for their expertise.
Should I speak to a financial counsellor
about Bankruptcy?
Yes! There are lots of financial
counselling services to help you with this, they have no hidden agendas and
they're a delightful option for really helping you think through your situation
when it comes to Bankruptcy. If you find yourself freaking out constantly, not
sleeping, not eating or over-eating and thinking about money pressures
constantly, then get some help.
There are also charitable organizations
around Sunshine Coast like Lifeline that offer a terrific service. They will be
a sounding board if you just need somebody to go over with you what your
possibilities 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 points to ask about Bankruptcy, then feel free to
call Bankruptcy Advice Sunshine Coast on 1300 879 867, or visit our website:
www.bankruptcy-advice.com.au/Sunshine Coast .
