One Business Owner’s Story
I realized I was in strife when the bank refused to 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 suggested me to go and see Liquidators Wollongong which I didn’t do, of course. I found this other liquidation organization and they said that’s the only escape. I knew I had significant debt, but it just felt like I had no alternative. 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 looked after. WRONG!
I found some Liquidators, they seemed professional and capable and they explained they would help me as much as they could to work through my money problems. I had no idea what was going to happen. They seemed to comprehend my situation; I had some money coming in and a sale of some machinery going through.
The minute 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 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 thought was reallying going to be a beneficial situation ended up my worst nightmare. I lost everything!