Should I talk to my accountant about Bankruptcy?
The answer seems clear doesn't it: if
anybody knows your financial situation well in Adelaide, It's going to be your
accountant. However, the short answer is a definite No! It's not that your
accountant doesn't have your best interests in mind when it comes to Bankruptcy,
it's that his proficiency lie in helping you save you money at tax time,
reducing your tax liability and lodging your BAS.
Most accounting degrees will put in hardly
any to no time on bankruptcy, it's generally performed as a post graduate
speciality program for those who intend to work in the field. Unless your
accountant is an insolvency specialist, 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 happen to find an insolvency accounting firm
in Adelaide, they tend to be large firms with very nice offices who charge
accordingly.
Should I talk to my Solicitor about Bankruptcy?
No! You can speak with your solicitor in
Adelaide but more than likely it won't do you much good. Solicitors are
certainly good at carrying out things lawyers do, like helping you do your Will
and buying your house and keeping you out of court if you're lucky. When it
comes to Bankruptcy, the specialists in Adelaide usually have either a legal or
accounting experience, and the main reason for that is simply that you can't
enrol in the post graduate study to become a qualified insolvency practitioner
unless you have a law or accounting degree.
Just like there are a couple of insolvency
accounting firms, there are very few insolvency legal practices in Australia,
and yes if you choose one you will pay a sizeable price for their expertise.
Should I speak with a financial counsellor
about Bankruptcy?
Yes! There are lots of financial
counselling services to aid you with this, they have no hidden agendas and
they're a superb option for really helping you analyze your situation when it
comes to Bankruptcy. If you end up stressing constantly, not sleeping, not
eating or over-eating and thinking of money pressures regularly, then get some
help.
There are also charitable organizations
around Adelaide like Lifeline that offer a remarkable service. They will be a
sounding board if you just need a person to discuss with you what your options
are. Don't let your financial issue destroy your life - in the end it's just
money.
If you would like to learn more about what
to do, where to turn and what questions to ask about Bankruptcy, then feel free
to speak to Fresh Start Solutions Adelaide on 1300 818 575, or visit our
website: www.freshstartsolutions.com.au/bankruptcy-Adelaide
