One Small Business Owner’s Story
I realized 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 idea of losing it was way too much. I called my financial advisor and my accountant, and they both urged me to go and see Liquidators Geelong which I didn’t do, of course. I found this other liquidation firm and they said that’s the only way out. I realized I had significant debt, but it just felt like I had no choice. 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 looked after. WRONG!
I found some Liquidators, they seemed to be professional and capable and these guys 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 appeared to grasp my circumstance; I had some money 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 machinery was completely taken control of, the money I had coming in was gone, they took over 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!