One Businessmen’s Story
I knew 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 idea of having to give it up was too much. I called my financial advisor and my accountant, and they both urged me to go and see Liquidators Geraldton which I didn’t do, of course. I found this other liquidation company and they said that’s the only way out. I understood I had significant debt, but it just felt like I had no option. My accountant said that because I am paying for the liquidator and that it was going to be a voluntary liquidation that I would be looked after.
WRONG! I found some Liquidators, they seemed professional and capable and these people claimed they would help me as much as they could to overcome my money issues. I had no idea what was going to happen. They appeared to understand my predicament; I had some cash coming in and a sale of some equipment going through.
The second 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 equipment was completely taken over, the money I had coming in was gone, they took control of 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!