Bankruptcy in Parramatta - Who exactly do I talk to?
Should I speak with my accountant about Bankruptcy?
The answer seems clear doesn't it: if anyone knows your financial
circumstance well in Parramatta, It's going to be your accountant. However, the short
answer is a resounding No! It's not that your accountant does not have your
best interests at heart when it comes to Bankruptcy, it's that his expertise
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
bankruptcy, it's generally done as a post graduate specialty 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 assure you
insolvency specialists know much about tax returns or BAS in. If you do manage
to find an insolvency accounting firm in Parramatta, they tend to be large
firms with very nice offices who charge accordingly.
Should I talk with my Solicitor about Bankruptcy?
No! You can speak to your solicitor in Parramatta but more than
likely it won't do you much good. Solicitors are definitely good at undertaking
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 comes to Bankruptcy,
the specialists in Parramatta usually 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 except if you
have a law or accounting degree.
Just as there are a handful of insolvency accounting firms, there
are very few insolvency legal practices in Parramatta, and yes if you locate
one you will pay a sizable price for their expertise.
Should I talk to a
financial counsellor about Bankruptcy?
Yes! There are lots of financial counselling services to aid you
through this, they have no hidden agendas and they're a fabulous option for
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 all the time, then get some help.
There are also charitable organizations around Parramatta like
Lifeline that offer a remarkable service. They will be a sounding board if you
just need somebody to review with you what your choices are. Don't let your
financial problem destroy your life - in the end it's just money.
If you like to learn more about what to do, where to turn and what
matters to ask about Bankruptcy, then feel free to speak to Bankruptcy Parramatta
on 1300 795 575, or visit our website: www.bankruptcyexpertsparramatta.com.au
Comments
Post a Comment