Should I talk to my accountant about Bankruptcy?
The answer seems clear doesn't it: if
anyone knows your financial circumstance well in Adelaide, 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 experience lie in helping you save you money at tax time,
lowering your tax liability and lodging your BAS.
Most accounting degrees will devote very
little to no time on insolvency, it's generally performed as a post graduate
specialty course for those who intend 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 happen to find an insolvency accounting firm
in Adelaide, they have the tendency 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
Adelaide but more than likely it won't do you much good. Solicitors are
certainly good at doing things lawyers do, like assisting 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 Adelaide normally have either a legal
or accounting qualifications, and the main reason for that is simply that you
can't start 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 Australia,
and yes if you locate one you will pay an ample price for their expertise.
Should I speak with a financial counsellor
about Bankruptcy?
Yes! There are a lot of financial
counselling services to help you through this, they have no hidden agendas and
they're a great option for letting you analyze your situation when it comes to Bankruptcy.
If you end up stressing out constantly, not sleeping, not eating or over-eating
and thinking about money pressures regularly, then get some help.
There are also charities around Adelaide
like Lifeline that offer a terrific service. They will be a sounding board if
you just need a person to review with you what your options are. Don't let your
financial trouble destroy your life - ultimately it's just money.
If you really want to learn more about what
to do, where to turn and what problems to ask about Bankruptcy, then feel free
to get in touch with Bankruptcy Experts Adelaide on 1300 795 575, or visit our
website: www.bankruptcyexpertsAdelaide.com.au.
