One Business Owner’s Story
I figured out I was in trouble when the bank refused to lend me any more against the farm. This home has been in the family for years and the thought of having to give it up was too much. I called my financial advisor and my accountant, and they both urged me to go and see Liquidators Bundaberg which I didn’t do, of course. I found this other liquidation company and they said that’s the only escape. I realized I had significant debt, but it just appeared like I had no alternative. My accountant said that because I am paying for the liquidator and that it was going to be a voluntary liquidation that I would certainly be taken care of. WRONG!
I found some Liquidators, they appeared professional and qualified and these guys claimed they would help me as much as they could to overcome my money problems. I had no idea what was going to happen. They appeared to understand my situation; I had some money coming in and a sale of some equipment going through.
The moment I signed the paperwork the liquidators requested the keys and that was it. Everything was taken out of my hands, the sale of the equipment was completely taken control of, the money I had coming in was gone, they took control of each and every single thing; it was simply all gone. The next day my savings account was frozen and what I thought was going to be a beneficial situation became my worst nightmare. I lost everything!