Should I speak with my accountant about Bankruptcy?
The answer seems clear doesn't it: if
anybody knows your financial situation well in Hobart, It's going to be your
accountant. However, the short answer is a resounding No! It's not that your
accountant does not have your best interests at heart when it comes to Bankruptcy,
it's that his specialization lie in helping you save you money at tax time,
reducing your tax liability and lodging your BAS.
Most accounting degrees will spend hardly
any to no time on bankruptcy, it's generally done as a post graduate speciality
program for those who intend to work in the field. Unless your accountant is an
insolvency specialist, he won't know that a lot about the effects 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 office spaces who charge accordingly.
Should I consult with my Solicitor about Bankruptcy?
No! You can talk to your solicitor in
Hobart but more than likely it won't do you much good. Solicitors are
definitely good at doing 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
comes to Bankruptcy, the specialists in Hobart often tend to have either a
legal or accounting background, and the main 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 small number of
insolvency accounting firms, there are very few insolvency legal practices in
Australia, and yes if you locate one you will pay a sizeable price for their
expertise.
Should I talk to a financial counsellor
about Bankruptcy?
Yes! There are lots of financial
counselling services to aid you through this, they have no hidden agendas and
they're a delightful option for letting you analyze your circumstance when it
comes to Bankruptcy. If you find yourself freaking out constantly, not
sleeping, not eating or over-eating and thinking about money pressures at all
times, then get some help.
There are also charities around Hobart like
Lifeline that offer a wonderful service. They will be a sounding board if you
just need someone to review with you what your choices are. Don't let your
financial issue destroy your life - in the end it's just money.
If you need to learn more about what to do,
where to turn and what issues to ask about Bankruptcy, then feel free to
contact Bankruptcy Advice Hobart on 1300 879 867, or visit our website:
www.bankruptcy-advice.com.au/Hobart .
