One Business Owner’s Story
I realized I was in strife when the bank would not 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 Sydney which I didn’t do, of course. I found this other liquidation firm and they said that’s the only escape. I knew I had significant debt, but it just appeared like I had no alternative. My accountant said that because I am shelling out for the liquidator and that it was going to be a voluntary liquidation that I would most likely be looked after. WRONG!
I found some Liquidators, they appeared professional and qualified and they said 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 comprehend my predicament; I had some cash coming in and a sale of some machinery going through.
The minute I signed the documents the liquidators asked for the keys and that was it. Everything was taken out of my hands, the sale of the machinery 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 presumed was reallying going to be a beneficial situation ended up being my worst nightmare. I lost everything!