One Business Owner’s Story
I saw I was in strife when the bank refused to lend me any more against the farm. This home has been in the family for years and the thought of losing it was too much. I called my financial advisor and my bookkeeper, and they both urged me to go and see Liquidators Port Macquarie which I didn’t do, of course. I found this other liquidation company and they said that’s the only way out. I understood I had significant debt, but it just seemed 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 be protected. WRONG!
I found some Liquidators, they seemed professional and capable and they said they would help me as much as they could to work through my money issues. I had no idea what was about to happen. They seemed to comprehend my circumstance; I had some cash coming in and a sale of some machinery going through.
The minute I signed the paperwork the liquidators requested the keys and that was it. Everything was taken out of my hands, the sale of the machinery was totally taken over, the money I had coming in was gone, they took control of each and every single thing; it was simply all gone. The next day my savings account was frozen and what I assumed was going to be a beneficial situation became my worst nightmare. I lost everything!