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Should I talk to my financial advisor about Bankruptcy?

The response seems clear doesn’t it: if anyone knows your financial situation well in Gladstone, It’s going to be your accounting professional. However, the short answer is a resounding No! It’s certainly not that your accountant may not have your best interests in mind when it concerns Bankruptcy, it’s that his expertise lies in helping you save you money at tax time, decreasing your tax liability and lodging your BAS.

Most accounting certifications will dedicate hardly any to no time on bankruptcy, it’s typically performed as a post graduate specialized course for those who plan to operate in the profession. Unless your accountant is an insolvency specialist, he would not know a great deal 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 accounting firm in Gladstone, they have the inclination to be large firms with very pleasant workplaces who bill accordingly.

Must I talk with my Solicitor about Bankruptcy?

No! You can speak to your solicitor in Gladstone but more than likely it won’t do you much good. Solicitors are certainly proficient at carrying out things lawyers do, like assisting you to do your Will and purchasing your home and attempting to try to keep you out of court if you’re lucky. When it comes to Bankruptcy, the experts in Gladstone typically have possibly a legal or accounting qualifications, and the main explanation for that is simply that you can’t start off in the post graduate study to become a qualified bankruptcy practitioner unless if you have a law or accounting degree.

Just as there are a handful of insolvency accountancy organizations, there are very few bankruptcy legal practices in Australia, and indeed if you find one you will certainly pay out an ample price for their expertise.

Should I speak with a financial counsellor about Bankruptcy?

Yes! There are a great deal of financial counselling services to assist you with this, they have no prejudices and they are a great option for allowing you to analyze your situation when it comes to Bankruptcy. If you turn out stressing continuously, not sleeping, not eating or over-eating and contemplating finance pressures frequently, then get some assistance.

There are also charities around Gladstone like Lifeline that offer a fantastic service. They will certainly be a sounding board if you simply need a person to review with you what your possibilities are. Don’t let your financial issues destroy your life – at the end of the day, it’s just money.

If you truly want to find out more regarding what to do, where to turn and what troubles to ask about Bankruptcy, then feel free to get in touch with Bankruptcy Experts Gladstone on 1300 795 575, or visit our website: