One Business Owner’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 encouraged me to go and see Liquidators Tablelands which I didn’t do, of course. I found this other liquidation organization and they said that’s the only way out. I knew I had significant debt, but it just seemed like I had no option. My accountant said that because I am paying for the liquidator and that it was likely going to be a voluntary liquidation that I would most likely be taken care of. WRONG!
I found some Liquidators, they seemed to be professional and capable and they explained they would help me as much as they could to work through my money issues. I had no idea what was about to happen. They appeared to understand my situation; I had some money coming in and a sale of some machinery 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 totally taken control of, the money I had coming in was gone, they took control of every single thing; it was all gone. The next day my savings account was frozen and what I believed was going to be a beneficial situation ended up being my worst nightmare. I lost everything!