One Business Owner’s Story
I saw I was in trouble when the bank would not 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 Shepparton which I didn’t do, of course. I found this other liquidation company and they said that’s the only escape. I realized I had significant debt, but it just looked like I had no option. My accountant said that since I am paying for the liquidator and that it was likely going to be a voluntary liquidation that I would be protected. WRONG!
I found some Liquidators, they seemed to be professional and qualified and these people claimed they would help me as much as they could to overcome my money problems. I had no idea what was about to happen. They appeared to grasp my circumstance; I had some money coming in and a sale of some machinery going through.
The moment 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 machinery was completely taken over, the money I had coming in was gone, they took over each and every single thing; it was simply all gone. The next day my savings account was frozen and what I assumed was reallying going to be a beneficial situation became my worst nightmare. I lost everything!