Should I talk to my accountant about Bankruptcy?
The answer seems clear doesn't it: if
anyone knows your financial situation well in Kalgoorlie, It's going to be your
accountant. However, the short answer is a definite No! It's not that your
accountant doesn't have your best interests in mind when it comes to Bankruptcy,
it's that his proficiency lie in helping you save you money at tax time,
lowering your tax liability and lodging your BAS.
Most accounting degrees will spend very
little to no time on bankruptcy, it's generally done as a post graduate speciality
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 effects 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 Kalgoorlie, they tend
to be large firms with very nice office spaces who charge accordingly.
Should I chat with my Solicitor about Bankruptcy?
No! You can speak to your solicitor in
Kalgoorlie 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 keeping you out of court if you're lucky. When it comes
to Bankruptcy, the specialists in Kalgoorlie tend to have either a legal or
accounting experience, 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 like 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 talk to a financial counsellor
about Bankruptcy?
Yes! There are lots of financial counselling
services to help you with this, they have no hidden agendas and they're a
fabulous option for helping you analyze your situation when it comes to Bankruptcy.
If you are stressing constantly, not sleeping, not eating or over-eating and
thinking about money pressures regularly, then get some help.
There are also charities around Kalgoorlie
like Lifeline that offer a terrific service. They will be a sounding board if
you just need somebody to discuss with you what your options are. Don't let
your financial trouble destroy your life - ultimately it's just money.
If you wish to learn more about what to do,
where to turn and what matters to ask about Bankruptcy, then feel free to get
in touch with Bankruptcy Experts Kalgoorlie on 1300 795 575, or visit our
website: www.bankruptcyexpertsKalgoorlie.com.au.
