Bankruptcy in Wangaratta – Who do I talk to?

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Bankruptcy in Wangaratta – Who do I talk to?

Would I speak with my accountant about Bankruptcy?


The answer seems to be obvious doesn’t it: if anybody understands your financial circumstance well in Wangaratta, It’s going to be your financial advisor. Nonetheless, the short answer is a definite No! It’s certainly not that your accountant may not have your best interests in mind when it comes to Bankruptcy, it’s that his expertise lie in assisting you save you money at tax time, reducing your tax liability and lodging your BAS.

Most accounting degrees will dedicate very little to no time on insolvency, it’s normally undertaken as a post graduate specialty program for those who intend to work in the industry. Unless your accounting professional is an insolvency expert, he would not know a lot about the effects of Bankruptcy. I can assure you bankruptcy specialists don’t know much about tax returns or BAS. If you do happen to identify an insolvency accounting firm in Wangaratta, they have the inclination to be large organizations with extremely pleasant business offices who charge accordingly.

Must I talk with my Solicitor about Bankruptcy?

No! You can speak to your solicitor in Wangaratta but more than likely it won’t do you very much good. Solicitors are absolutely good at accomplishing things lawyers do, like assisting you to create your Will and buying your home and attempting to help keep you away from court if you’re lucky. When it comes to Bankruptcy, the specialists in Wangaratta usually have either a legal or accounting certifications, and the primary explanation for that is just that you can not begin in the post graduate study to become a certified bankruptcy practitioner unless if you possess a law or accounting degree.

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

Would I talk with a financial counsellor about Bankruptcy?

Yes! There are a great deal of financial counselling solutions to help you through this, they have no prejudices and they are a great choice for letting you to evaluate your case when it comes to Bankruptcy. If you end up stressing out continuously, not sleeping, not eating or over-eating and thinking of finance pressures constantly, then get some assistance.

There are also charities around Wangaratta like Lifeline that give a great service. They will be a sounding board if you simply need a person to review with you what your options are. Never let your financial trouble ruin your life – ultimately it’s just money.

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

By | 2018-07-26T02:45:37+00:00 November 24th, 2016|Bankruptcy, Blog|0 Comments

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