Would I speak with my financial advisor about Bankruptcy?


The answer seems clear doesn’t it: if anyone understands your financial situation well in Townsville, It’s going to be your financial advisor. However, the short answer is a definite No! It’s certainly not that your accountant may not have your best interests in mind whenever it comes to Bankruptcy, it’s that his knowledge lies in helping you save you money at tax time, lowering your tax liability and lodging your BAS.

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

Would I talk with my Solicitor about Bankruptcy?

No! You can speak to your solicitor in Townsville but more than likely it won’t do you very much good. Solicitors are absolutely proficient at performing things lawyers do, like supporting you to create your Will and buying your house and trying to help keep you out of court if you’re lucky. When it comes to Bankruptcy, the professionals in Townsville typically have possibly a legal or accounting qualifications, and the main explanation for that is just that you can not start in the post graduate study to become a qualified bankruptcy specialist except if you possess a law or accounting degree.

Just as there are a small number of insolvency accounting firms, certainly there are few bankruptcy legal businesses in Australia, and indeed if you find one you will pay an adequate fee for their knowledge.

Would I talk to a financial counsellor about Bankruptcy?

Yes! There are a great deal of financial counselling services to help you with this, they have no hidden agendas and they’re a great alternative for letting you to analyze your case when it comes to Bankruptcy. If you turn out stressing constantly, not sleeping, not eating or over-eating and thinking of money tensions constantly, then obtain some support.

There are also charitable organizations around Townsville like Lifeline that offer an outstanding service. They will be a sounding board if you just require a person to review with you what your options are. Never let your financial trouble ruin your life – ultimately it’s just money.

If you truly want to find out more regarding what to do, where to turn and what issues to ask about Bankruptcy, then don’t hesitate to get in touch with Bankruptcy Experts Townsville on 1300 795 575, or visit our website: www.bankruptcyexpertstownsville.com.au.