Should I speak with my accountant about Bankruptcy?
The response seems to be obvious doesn’t it: if anybody knows your financial situation well in Northern Rivers, It’s going to be your accounting professional. Nonetheless, the short answer is a resounding No! It’s not that your accountant may not have your best interests in mind when it comes to Bankruptcy, it’s that his expertise lie in assisting you save you money at tax time, decreasing your tax liability and lodging your BAS.
A lot of accounting degrees will commit hardly any to no time on insolvency, it’s normally undertaken as a post graduate specialized program for those who intend to operate in the industry. Unless your accountant is an insolvency specialist, he would not know a lot about the effects of Bankruptcy. I can assure you bankruptcy specialists don’t know a lot about tax returns or BAS. If you do happen to find an insolvency accounting firm in Northern Rivers, they have the tendency to be big companies with very nice business offices who bill accordingly.
Would I talk with my Solicitor about Bankruptcy?
No! You can speak to your solicitor in Northern Rivers but more than likely it won’t do you a great deal of good. Solicitors are absolutely proficient at doing things lawyers do, like assisting you to create your Will and purchasing your home and attempting to help keep you out of court if you’re fortunate. When it comes to Bankruptcy, the specialists in Northern Rivers usually have possibly a legal or accounting qualifications, and the main reason for that is simply that you can’t begin in the post graduate study to become a qualified insolvency practitioner unless if you get a law or accounting degree.
Just as there are a handful of insolvency accountancy firms, certainly there are few bankruptcy legal businesses in Australia, and indeed if you locate one you will pay an adequate price for their expertise.
Should I talk to a financial counsellor about Bankruptcy?
Yes! There are a great deal of financial counselling solutions to assist you with this, they have no hidden agendas and they are a great option for allowing you to analyze your scenario when it comes to Bankruptcy. If you turn out stressing constantly, not sleeping, not eating or over-eating and thinking about money strains regularly, then get some assistance.
There are also charities around Northern Rivers like Lifeline that supply a terrific service. They will be a sounding board if you just need a person to evaluate with you what your choices are. Never let your financial issues destroy your life – ultimately it’s just money.
If you truly want to find out more regarding what to do, where to turn and what problems to ask about Bankruptcy, then feel free to get in touch with Bankruptcy Experts Northern Rovers on 1300 795 575, or visit our website: www.bankruptcyexpertsnorthernrivers.com.au.