One Business Owner’s Story
I saw 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 too much. I called my financial advisor and my accountant, and they both urged me to go and see Liquidators Newcastle which I didn’t do, of course. I found this other liquidation organization and they said that’s the only way out. I realized 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 most likely be looked after. WRONG!.
I found some Liquidators, they seemed to be professional and capable and these people explained they would help me as much as they could to work through my money issues. I had no idea what was going to happen. They seemed to grasp my predicament; I had some cash coming in and a sale of some machinery going through.
The moment I signed the paperwork the liquidators asked for the keys and that was it. Everything was taken out of my hands, the sale of the equipment was completely taken control of, the money I had coming in was gone, they took over each and every single thing; it was all gone. The next day my savings account was frozen and what I thought was reallying going to be a beneficial situation ended up my worst nightmare. I lost everything!