Should I talk to my accountant about Bankruptcy?
The answer seems clear doesn't it: if
anyone knows your financial situation well in Bunbury, It's going to be your
accountant. However, the short answer is a resounding No! It's not that your
accountant doesn't have your best interests at heart when it comes to Bankruptcy,
it's that his skills lie in helping you save you money at tax time, lowering
your tax liability and lodging your BAS.
Most accounting degrees will invest very
little to no time on bankruptcy, it's generally carried out as a post graduate speciality
course for those who want to work in the field. Unless your accountant is an
insolvency specialist, he wouldn't know that a lot about the effects of Bankruptcy,
I can guarantee you insolvency specialists know much about tax returns or BAS
in. If you do manage to find an insolvency accounting firm in Bunbury, they
have the tendency to be large firms with very nice offices who charge
accordingly.
Should I consult my Solicitor about Bankruptcy?
No! You can speak with your solicitor in
Bunbury but more than likely it won't do you much good. Solicitors are
certainly 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 relates to Bankruptcy, the specialists in Bunbury tend to have either a
legal or accounting experience, 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 like there are a small number of
insolvency accounting firms, there are very few insolvency legal practices in
Australia, and yes if you choose one you will pay a considerable price for
their expertise.
Should I talk 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 terrific 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 about money pressures all the
time, then get some help.
There are also charities around Bunbury
like Lifeline that offer a remarkable service. They will be a sounding board if
you just need someone to discuss with you what your options are. Don't let your
financial trouble destroy your life - in the end it's just money.
If you really want to learn more about what
to do, where to turn and what issues to ask about Bankruptcy, then feel free to
speak to Bankruptcy Experts Bunbury on 1300 795 575, or visit our website:
www.bankruptcyexpertsBunbury.com.au.
