One Business Owner’s Story
I figured out 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 bookkeeper, and they both encouraged me to go and see Liquidators Wyong 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 alternative. My accountant said that since I am paying for the liquidator and that it was going to be a voluntary liquidation that I would be taken care of. WRONG!
I found some Liquidators, they seemed professional and capable and these guys claimed they would help me as much as they could to overcome my money issues. I had no idea what was about to happen. They appeared to grasp my predicament; I had some money 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 every single thing; it was simply all gone. The next day my savings account was frozen and what I thought was going to be a beneficial situation became my worst nightmare. I lost everything!