One Business Owner’s Story
I saw I was in trouble 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 accountant, and they both urged me to go and see Liquidators Brisbane which I didn’t do, of course. I found this other liquidation firm and they said that’s the only escape. I understood I had significant debt, but it just looked like I had no option. My accountant said that because I am shelling out for the liquidator and that it was going to be a voluntary liquidation that I would be taken care of. WRONG!
I found some Liquidators, they appeared professional and qualified and these guys said they would help me as much as they could to work through my money issues. I had no idea what was going to happen. They appeared to understand my circumstance; I had some money coming in and a sale of some equipment going through.
The second I signed the documents the liquidators asked for the keys and that was it. Everything was taken out of my hands, the sale of the equipment was completely taken control of, the money I had coming in was gone, they took over every single thing; it was simply all gone. The next day my savings account was frozen and what I believed was going to be a beneficial situation ended up my worst nightmare. I lost everything!