One Businessmen’s Story
I saw I was in strife when the bank would not 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 too much. I called my financial advisor and my bookkeeper, and they both instructed me to go and see Liquidators Wagga Wagga which I didn’t do, of course. I found this other liquidation organization and they said that’s the only escape. I realized I had significant debt, but it just appeared like I had no choice. My accountant said that since I am shelling out for the liquidator and that it was likely going to be a voluntary liquidation that I would certainly be protected. WRONG!
I found some Liquidators, they seemed professional and capable and they said they would help me as much as they could to overcome my money issues. I had no idea what was about 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 paperwork the liquidators requested the keys and that was it. Everything was taken out of my hands, the sale of the machinery was totally taken control of, the money I had coming in was gone, they took over every single thing; it was simply all gone. The next day my savings account was frozen and what I presumed was going to be a beneficial situation ended up being my worst nightmare. I lost everything!