One Business Owner’s Story
I figured out I was in strife 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 having to give it up was way too much. I called my financial advisor and my bookkeeper, and they both instructed me to go and see Liquidators Maitland which I didn’t do, of course. I found this other liquidation company and they said that’s the only escape. I knew I had significant debt, but it just seemed like I had no choice. 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 certainly be protected. WRONG!
I found some Liquidators, they seemed to be professional and qualified 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 comprehend my predicament; I had some money coming in and a sale of some machinery going through.
The minute I signed the paperwork the liquidators requested the keys and that was it. Everything was taken out of my hands, the sale of the equipment was totally taken control of, 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 believed was going to be a beneficial situation ended up my worst nightmare. I lost everything!