Should I get in touch with my accountant
about Bankruptcy?
The answer seems obvious doesn't it: if
anyone knows your financial circumstance well in Cairns, 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 expertise lie in helping you save you money at tax time,
minimizing your tax liability and lodging your BAS.
Most accounting degrees will invest very
little to no time on insolvency, it's generally done as a post graduate speciality
course for those who wish 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 assure you insolvency specialists know much about tax returns or BAS in. If
you do manage to find an insolvency accounting firm in Cairns, they often tend
to be large firms with very nice offices who charge accordingly.
Should I speak to my Solicitor about Bankruptcy?
No! You can talk with your solicitor in
Cairns but more than likely it won't do you much good. Solicitors are certainly
good at doing 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 Cairns normally have either a legal or accounting
experience, 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 few insolvency accounting
firms, there are very few insolvency legal practices in Australia, and yes if
you choose one you will pay a sizeable price for their expertise.
Should I speak to a financial counsellor
about Bankruptcy?
Yes! There are plenty of financial
counselling services to aid you with this, they have no hidden agendas and
they're a splendid option for letting 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 of money pressures regularly, then get some
help.
There are also charities around Cairns like
Lifeline that offer a fantastic service. They will be a sounding board if you
just need someone to go over with you what your choices are. Don't let your
financial trouble destroy your life - in the end it's just money.
If you need to learn more about what to do,
where to turn and what problems to ask about Bankruptcy, then feel free to get
in touch with Bankruptcy Experts Cairns on 1300 795 575, or visit our website:
www.bankruptcyexpertsCairns.com.au.
