One Business Owner’s Story
I figured out I was in trouble when the bank would not lend me any more against the farm. This home has been in the family for years and the idea of having to give it up was too much. I called my financial advisor and my accountant, and they both suggested me to go and see Liquidators Dubbo which I didn’t do, of course. I found this other liquidation firm and they said that’s the only way out. I knew 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 most likely be protected. WRONG!
I found some Liquidators, they appeared professional and qualified and these guys claimed they would help me as much as they could to work through my money issues. I had no idea what was about to happen. They appeared to comprehend my situation; I had some money coming in and a sale of some equipment going through.
The second 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 over each and every single thing; it was all gone. The next day my savings account was frozen and what I believed was reallying going to be a beneficial situation turned out to be my worst nightmare. I lost everything!