One Business Owner’s Story
I realized I was in trouble when the bank wouldn’t lend me any more against the farm. This home has been in the family for years and the thought of losing it was way too much. I called my financial advisor and my bookkeeper, and they both encouraged me to go and see Liquidators Alice Springs 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 appeared like I had no alternative. My accountant said that since I am shelling out for the liquidator and that it was going to be a voluntary liquidation that I would most likely be taken care of. WRONG!
I found some Liquidators, they seemed to be professional and capable and these people said they would help me as much as they could to overcome my money issues. I had no idea what was going to happen. They seemed to understand my predicament; I had some cash coming in and a sale of some equipment 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 equipment was completely taken over, 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 became my worst nightmare. I lost everything!