One Business Owner’s Story
I realized I was in strife when the bank would not lend me any more against the farm. This home has been in the family for years and the prospect of having to give it up was too much. I called my financial advisor and my bookkeeper, and they both advised me to go and see Liquidators Perth which I didn’t do, of course. I found this other liquidation organization and they said that’s the only way out. I knew I had significant debt, but it just felt like I had no alternative. My accountant said that since I am shelling out for the liquidator and that it was going to be a voluntary liquidation that I would most likely be looked after. WRONG!.
I found some Liquidators, they seemed professional and qualified and they explained they would help me as much as they could to overcome my money issues. I had no idea what was going to happen. They appeared to understand my predicament; I had some cash coming in and a sale of some equipment going through.
The second I signed the paperwork the liquidators asked for the keys and that was it. Everything was taken out of my hands, the sale of the machinery was totally taken control of, the money I had coming in was gone, they took control of every single thing; it was simply all gone. The next day my savings account was frozen and what I felt was going to be a beneficial situation turned out to be my worst nightmare. I lost everything!