One Business Owner’s Story
I knew I was in strife when the bank would not lend me any more against the farm. This home has been in the family for years and the idea of losing it was way too much. I called my financial advisor and my accountant, and they both suggested me to go and see Liquidators Cassowary Coast which I didn’t do, of course. I found this other liquidation firm and they said that’s the only way out. I understood I had significant debt, but it just felt like I had no choice. My accountant said that because I am paying for the liquidator and that it was likely going to be a voluntary liquidation that I would most likely be looked after. WRONG!
I found some Liquidators, they appeared professional and qualified and these people explained they would help me as much as they could to overcome my money problems. I had no idea what was going to happen. They appeared to understand my situation; I had some money coming in and a sale of some equipment going through.
The second I signed the documents the liquidators asked for 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 over every single thing; it was simply all gone. The next day my savings account was frozen and what I believed was going to be a beneficial situation ended up being my worst nightmare. I lost everything!