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Bankruptcy in Canberra – Who do I talk to?

Would I talk to my accountant about Bankruptcy?

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The answer appears obvious doesn’t it: if anybody knows your financial circumstance well in Canberra, It’s going to be your financial advisor. However, the short answer is a definite No! It’s not that your accountant may not have your best interests in mind whenever it concerns Bankruptcy, it’s that his experience lie in serving to help you save you money at tax time, decreasing your tax liability and lodging your BAS.

A lot of accounting certifications will commit hardly any to no time at all on insolvency, it’s typically performed as a post graduate specialty program for those who aim to do work in the industry. Unless your financial advisor is an insolvency specialist, he would certainly not know a lot about the impacts of Bankruptcy. I can assure you insolvency specialists don’t know a lot about tax returns or BAS. If you do happen to find an insolvency bookkeeping firm in Canberra, they have the tendency to be big firms with extremely pleasant workplaces who bill accordingly.

Must I talk with my Solicitor about Bankruptcy?

No! You can speak to your solicitor in Canberra but more than likely it won’t do you very much good. Solicitors are certainly good at performing things lawyers do, like helping you to create your Will and buying your home and trying to keep you out of court if you’re fortunate. When it comes to Bankruptcy, the specialists in Canberra typically have possibly a legal or accounting certifications, and the main explanation for that is merely that you can’t start off in the post graduate study to become a qualified insolvency practitioner unless if you have a law or accounting degree.

Just as there are a number of insolvency accountancy companies, there are very few insolvency legal businesses in Australia, and indeed if you find one you will pay out an ample fee for their expertise.

Would I talk with a financial counsellor about Bankruptcy?

Yes! There are a lot of financial counselling services to help you with this, they possess no prejudices and they are a great alternative for letting you to analyze your situation when it comes to Bankruptcy. If you wind up stressing continuously, not sleeping, not eating or over-eating and thinking of finance pressures constantly, then get some help.

There are also charities around Canberra like Lifeline that give an outstanding service. They will be a sounding board if you just require a person to review with you what your possibilities are. Never let your financial trouble destroy your life – ultimately it’s just money.

If you really want to learn more regarding what to do, where to turn and what problems to ask about Bankruptcy, then don’t hesitate to get in touch with Bankruptcy Experts Canberra on 1300 795 575, or visit our website: www.bankruptcyexpertscanberra.com.au.