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 having to give it up was way too much. I called my financial advisor and my bookkeeper, and they both encouraged me to go and see Liquidators Dandenong which I didn’t do, of course. I found this other liquidation company and they said that’s the only way out. I understood I had significant debt, but it just seemed like I had no alternative. My accountant said that since 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 seemed to be professional and capable and they claimed they would help me as much as they could to overcome my money issues. I had no idea what was about to happen. They appeared to understand my circumstance; I had some cash coming in and a sale of some equipment going through.
The second 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 over every single thing; it was simply all gone. The next day my savings account was frozen and what I presumed was reallying going to be a beneficial situation turned out to be my worst nightmare. I lost everything!