Should I consult with my accountant about Bankruptcy?
The answer seems clear doesn't it: if
anybody knows your financial circumstance well in Darwin, It's going to be your
accountant. However, the short answer is a definite No! It's not that your
accountant won't have your best interests at heart when it comes to Bankruptcy,
it's that his specialization lie in helping you save you money at tax time,
lowering 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 want 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 Darwin, they have the tendency to be large firms with very
nice offices who charge accordingly.
Should I consult my Solicitor about Bankruptcy?
No! You can speak with your solicitor in
Darwin but more than likely it won't do you much good. Solicitors are
definitely good at carrying out things lawyers do, like assisting 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 Darwin generally have either a legal
or accounting background, and the main reason for that is simply that you can't
enrol 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 choose one you will pay a substantial price for their expertise.
Should I speak with a financial counsellor
about Bankruptcy?
Yes! There are lots of financial
counselling services to assist you with this, they have no hidden agendas and
they're a remarkable option for letting you analyze your circumstance when it
comes to Bankruptcy. If you find yourself stressing out constantly, not
sleeping, not eating or over-eating and thinking of money pressures regularly,
then get some help.
There are also charities around Darwin like
Lifeline that offer a wonderful service. They will be a sounding board if you
just need a person to discuss with you what your alternatives are. Don't let
your financial problem destroy your life - in the end it's just money.
If you wish to learn more about what to do,
where to turn and what points to ask about Bankruptcy, then feel free to speak
to Bankruptcy Advice Darwin on 1300 879 867, or visit our website:
www.bankruptcy-advice.com.au/Darwin .