One Business Owner’s Story
I figured out I was in strife when the bank wouldn’t lend me any more against the farm. This home has been in the family for years and the thought of losing it was way too much. I called my financial advisor and my accountant, and they both advised me to go and see Liquidators Port Stephens 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 felt like I had no alternative. 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 certainly be looked after. WRONG!.
I found some Liquidators, they seemed to be professional and qualified and these people explained they would help me as much as they could to overcome my money problems. I had no idea what was about to happen. They seemed to comprehend my predicament; I had some cash coming in and a sale of some equipment going through.
The minute 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 totally taken over, the money I had coming in was gone, they took over every single thing; it was all gone. The next day my savings account was frozen and what I assumed was reallying going to be a beneficial situation became my worst nightmare. I lost everything!