One small Business Owner’s Story
I knew 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 prospect of losing it was too much. I called my financial advisor and my accountant, and they both urged me to go and see Liquidators Gold Coast which I didn’t do, of course. I found this other liquidation firm and they said that’s the only escape. I realized I had significant debt, but it just felt like I had no option. My accountant said that because I am paying for the liquidator and that it was likely going to be a voluntary liquidation that I would be protected. WRONG!
I found some Liquidators, they seemed professional and capable and these guys explained they would help me as much as they could to work through my money problems. I had no idea what was about to happen. They appeared to understand my situation; I had some cash 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 control of, the money I had coming in was gone, they took control of every single thing; it was all gone. The next day my savings account was frozen and what I presumed was reallying going to be a beneficial situation ended up being my worst nightmare. I lost everything!