One Business Owner’s Story
I realized I was in trouble 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 losing it was way too much. I called my financial advisor and my bookkeeper, and they both encouraged me to go and see Liquidators Lismore which I didn’t do, of course. I found this other liquidation firm and they said that’s the only way out. I realized I had significant debt, but it just felt like I had no option. My accountant said that because I am paying for the liquidator and that it was going to be a voluntary liquidation that I would certainly be protected. WRONG!
I found some Liquidators, they seemed to be professional and qualified and these people said they would help me as much as they could to overcome my money problems. I had no idea what was going to happen. They seemed to grasp my situation; I had some money coming in and a sale of some equipment going through.
The moment 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 totally 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 thought was going to be a beneficial situation turned out to be my worst nightmare. I lost everything!