Should I get in touch with my accountant
about Bankruptcy?
The answer seems obvious doesn't it: if
anybody knows your financial circumstance well in Brisbane, 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 at heart when it comes to Bankruptcy,
it's that his abilities 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 insolvency, it's generally performed as a post graduate
speciality program for those who want to work in the field. Unless your
accountant is an insolvency expert, he would not 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 happen to find an insolvency accounting
firm in Brisbane, they have the tendency to be large firms with very nice
office spaces who charge accordingly.
Should I talk with my Solicitor about Bankruptcy?
No! You can talk to your solicitor in Brisbane
but more than likely it won't do you much good. Solicitors are definitely good
at doing things lawyers do, like helping you do your Will and buying your house
and trying to keep you out of court if you're lucky. When it relates to Bankruptcy,
the specialists in Brisbane generally have either a legal or accounting
experience, and the main reason for that is simply that you can't start in the
post graduate study to become a qualified insolvency practitioner unless 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 sizable price for their expertise.
Should I speak with a financial counsellor
about Bankruptcy?
Yes! There are lots of financial
counselling services that can help you through this, they have no hidden
agendas and they're a superb option for helping you analyze your situation when
it comes to Bankruptcy. If you find yourself 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 Brisbane like Lifeline that offer a fantastic 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 like to learn more about what to do,
where to turn and what questions to ask about Bankruptcy, then feel free to
contact Fresh Start Solutions Brisbane on 1300 818 575, or visit our website:
www.freshstartsolutions.com.au/bankruptcy-Brisbane
