One Business Owner’s Story
I realized I was in trouble when the bank wouldn’t 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 way too much. I called my financial advisor and my bookkeeper, and they both instructed me to go and see Liquidators Northern Rivers 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 seemed like I had no alternative. 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 looked after. WRONG!
I found some Liquidators, they appeared professional and qualified and these people said they would help me as much as they could to work through my money issues. I had no idea what was going to happen. They appeared to grasp my circumstance; I had some cash coming in and a sale of some machinery going through.
The second I signed the documents the liquidators requested the keys and that was it. Everything was taken out of my hands, the sale of the equipment was completely taken over, 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 felt was going to be a beneficial situation ended up being my worst nightmare. I lost everything!