Should I talk to my financial advisor about Bankruptcy?


The answer seems clear doesn’t it: if anyone knows your financial situation well in Dandenong, It’s going to be your accounting professional. However, the short answer is a definite No! It’s not that your accountant may not have your best interests in mind when it comes to Bankruptcy, it’s that his expertise depends on serving to help you save you money at tax time, decreasing your tax liability and lodging your BAS.

Most accounting certifications will commit hardly any to no time at all on bankruptcy, it’s generally undertaken as a post graduate specialization course for those who plan to work in the sector. Unless your accountant is a bankruptcy expert, he would not know a great deal about the effects of Bankruptcy. I can assure you bankruptcy specialists don’t know much about tax returns or BAS. If you do happen to locate an insolvency bookkeeping firm in Dandenong, they have the tendency to be big firms with extremely pleasant business offices who bill accordingly.

Must I talk with my Solicitor about Bankruptcy?

No! You can speak with your solicitor in Dandenong but more than likely it won’t do you much good. Solicitors are certainly proficient at doing things lawyers do, like assisting you to do your Will and purchasing your home and attempting to keep you out of court if you’re lucky. When it comes to Bankruptcy, the specialists in Dandenong typically have possibly a legal or accounting qualifications, and the main justification for that is just that you can not start in the post graduate study to become a qualified bankruptcy practitioner except if you possess a law or accounting degree.

Just as there are a small number of insolvency accounting agencies, there are very few insolvency legal businesses in Australia, and yes if you locate one you will pay an ample fee for their expertise.

Should I speak with a financial counsellor about Bankruptcy?

Yes! There are a lot of financial counselling solutions to assist you with this, they have no hidden agendas and they’re a great alternative for allowing you to analyze your scenario when it comes to Bankruptcy. If you wind up stressing constantly, not sleeping, not eating or over-eating and thinking about finance pressures regularly, then obtain some assistance.

There are also charities around Dandenong like Lifeline that supply a great service. They will be a sounding board if you simply require a person to review with you what your choices are. Never let your financial difficulties ruin your life – ultimately it’s just money.

If you really want to find out more about what to do, where to turn and what issues to ask about Bankruptcy, then don’t hesitate to get in touch with Bankruptcy Experts Dandenong on 1300 795 575, or visit our website:

Bankruptcy in Dandenong- Who do I talk to?