One Business Owner’s Story
I saw I was in strife when the bank refused to lend me any more against the farm. This home has been in the family for years and the prospect of having to give it up was way too much. I called my financial advisor and my accountant, and they both urged me to go and see Liquidators Mount Isa which I didn’t do, of course. I found this other liquidation company and they said that’s the only escape. I understood I had significant debt, but it just looked like I had no option. My accountant said that since I am shelling out for the liquidator and that it was going to be a voluntary liquidation that I would most likely be protected. WRONG!
I found some Liquidators, they seemed to be professional and qualified and they said they would help me as much as they could to work through my money problems. I had no idea what was going to happen. They seemed to understand my circumstance; I had some money coming in and a sale of some machinery going through.
The moment I signed the paperwork the liquidators asked for the keys and that was it. Everything was taken out of my hands, the sale of the equipment was totally taken over, the money I had coming in was gone, they took control of every single thing; it was simply all gone. The next day my savings account was frozen and what I believed was reallying going to be a beneficial situation turned out to be my worst nightmare. I lost everything!