Should I consult with my accountant about Bankruptcy?
The answer seems obvious doesn't it: if
anybody knows your financial circumstance well in Hobart, It's going to be your
accountant. However, the short answer is a resounding No! It's not that your
accountant may not have your best interests in mind when it comes to Bankruptcy,
it's that his knowledge lie in helping you save you money at tax time,
minimising your tax liability and lodging your BAS.
Most accounting degrees will devote hardly
any to no time on bankruptcy, it's generally performed as a post graduate
specialty program for those who wish to work in the field. Unless your
accountant is an insolvency expert, he wouldn't know that a lot about the
implications of Bankruptcy, I can assure you insolvency specialists know much
about tax returns or BAS in. If you do happen to find an insolvency accounting
firm in Hobart, they often tend to be large firms with very nice offices who
charge accordingly.
Should I speak to my Solicitor about Bankruptcy?
No! You can speak to your solicitor in
Hobart but more than likely it won't do you much good. Solicitors are really
good at undertaking things lawyers do, like helping you do your Will and buying
your house and trying to keep you out of court if you're lucky. When it relates
to Bankruptcy, the specialists in Hobart typically have either a legal or
accounting qualifications, and the reason for that is simply that you can't
enrol in the post graduate study to become a qualified insolvency practitioner
unless you have a law or accounting degree.
Just as there are a couple of insolvency
accounting firms, there are very few insolvency legal practices in Australia,
and yes if you choose one you will pay a sizable price for their expertise.
Should I speak with a financial counsellor
about Bankruptcy?
Yes! There are lots of financial
counselling services to assist you with this, they have no hidden agendas and
they're a fantastic option for helping you analyze your circumstance when it
comes to Bankruptcy. If you find yourself stressing constantly, not sleeping,
not eating or over-eating and thinking of money pressures constantly, then get
some help.
There are also charitable organizations
around Hobart like Lifeline that offer a terrific service. They will be a
sounding board if you just need somebody to talk about with you what your
options are. Don't let your financial issue destroy your life - ultimately it's
just money.
If you wish to learn more about what to do,
where to turn and what issues to ask about Bankruptcy, then feel free to
contact Bankruptcy Experts Hobart on 1300 795 575, or visit our website:
www.bankruptcyexpertsHobart.com.au.
