Should I get in touch with my accountant
about Bankruptcy?
The answer seems clear doesn't it: if
anyone knows your financial situation well in Darwin, It's going to be your
accountant. However, the short answer is a definite No! It's not that your
accountant does not have your best interests at heart when it comes to Bankruptcy,
it's that his proficiency lie in helping you save you money at tax time,
minimizing your tax liability and lodging your BAS.
Most accounting degrees will devote very
little to no time on insolvency, it's generally done as a post graduate specialty
course for those who want to work in the field. Unless your accountant is an
insolvency expert, he won't know that a lot about the implications 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 Darwin, they tend to
be large firms with very nice office spaces who charge accordingly.
Should I talk with my Solicitor about Bankruptcy?
No! You can talk with your solicitor in
Darwin 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 relates to Bankruptcy, the specialists in Darwin usually 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 until you have a law or accounting degree.
Just like there are few insolvency
accounting firms, there are very few insolvency legal practices in Australia,
and yes if you find one you will pay an ample price for their expertise.
Should I talk to a financial counsellor
about Bankruptcy?
Yes! There are a lot of financial counselling
services to guide you with this, they have no hidden agendas and they're an
amazing option for really helping you think through your situation when it
comes to Bankruptcy. If you end up stressing constantly, not sleeping, not
eating or over-eating and thinking about money pressures regularly, then get
some help.
There are also charities around Darwin like
Lifeline that offer a remarkable service. They will be a sounding board if you
just need somebody to go over with you what your alternatives are. Don't let
your financial problem 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 get
in touch with Fresh Start Solutions Darwin on 1300 818 575, or visit our
website: www.freshstartsolutions.com.au/bankruptcy-Darwin
