Should I talk with my accountant about Bankruptcy?
The answer seems obvious doesn't it: if
anybody knows your financial situation well in Perth, It's going to be your
accountant. However, 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 knowledge lie in helping you save you money at tax time,
minimising your tax liability and lodging your BAS.
Most accounting degrees will put in hardly
any to no time on bankruptcy, it's generally done as a post graduate specialty
course for those who intend to work in the field. Unless your accountant is an
insolvency specialist, he will not know that a lot about the implications of Bankruptcy,
I can guarantee you insolvency specialists know much about tax returns or BAS
in. If you do manage to find an insolvency accounting firm in Perth, they tend
to be large firms with very nice office spaces who charge accordingly.
Should I speak with my Solicitor about Bankruptcy?
No! You can speak with your solicitor in
Perth but more than likely it won't do you much good. Solicitors are really
good at doing 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 relates to Bankruptcy,
the specialists in Perth generally have either a legal or accounting
background, and the 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 locate 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 that can help you with this, they have no hidden agendas
and they're a delightful option for really helping you analyze your situation
when it comes to Bankruptcy. If you are stressing out constantly, not sleeping,
not eating or over-eating and thinking of money pressures at all times, then
get some help.
There are also charitable organizations
around Perth like Lifeline that offer an excellent 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 issue destroy your life - ultimately it's just
money.
If you like to learn more about what to do,
where to turn and what questions to ask about Bankruptcy, then feel free to
contact Bankruptcy Advice Perth on 1300 879 867, or visit our website:
www.bankruptcy-advice.com.au/Perth .
