One Businessmen’s Story
I knew 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 having to give it up was way too much. I called my financial advisor and my accountant, and they both urged me to go and see Liquidators Frankston which I didn’t do, of course. I found this other liquidation company and they said that’s the only way out. I realized I had significant debt, but it just looked like I had no option. My accountant said that because I am shelling out for the liquidator and that it was going to be a voluntary liquidation that I would most likely be looked after. WRONG!
I found some Liquidators, they seemed professional and capable and these people said they would help me as much as they could to work through my money issues. I had no idea what was about to happen. They appeared to understand my predicament; I had some money coming in and a sale of some equipment going through.
The moment I signed the documents the liquidators requested 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 control of every single thing; it was all gone. The next day my savings account was frozen and what I assumed was reallying going to be a beneficial situation ended up my worst nightmare. I lost everything!