Going Bankrupt in Brisbane – Who exactly do I talk to?

Should I consult with my accountant about Going Bankrupt?

The answer seems obvious doesn’t it: if anybody knows your financial situation well in Brisbane, 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 Going Bankrupt, 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 intend to work in the field. Unless your accountant is an insolvency expert, he wouldn’t know that a lot about the implications of Going Bankrupt, I can guarantee you insolvency specialists know much about tax returns or BAS in. If you do happen to find an insolvency accounting firm in Brisbane, they have the tendency to be large firms with very nice offices who charge accordingly.

Should I talk with my Solicitor about Going Bankrupt?

No! You can talk with your solicitor in Brisbane 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 relates to Going Bankrupt, the specialists in Brisbane have the tendency to have either a legal or accounting background, and the reason for that is simply that you can’t start in the post graduate study to become a qualified insolvency practitioner unless you have a law or accounting degree.

Just like there are a handful of 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 Going Bankrupt?

Yes! There are plenty of financial counselling services that can help you with this, they have no hidden agendas and they’re a fabulous option for helping you think through your circumstance when it comes to Going Bankrupt. If you end up freaking out constantly, not sleeping, not eating or over-eating and thinking of money pressures at all times, then get some help.

There are also charities around Brisbane like Lifeline that offer a fantastic service. They will be a sounding board if you just need a person to go over with you what your choices are. Don’t let your financial issue 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 issues to ask about Going Bankrupt, then feel free to call Bankruptcy Advice Brisbane on 1300 879 867, or visit our website: http://www.bankruptcy-advice.com.au/Brisbane .