One Businessmen’s Story
I saw 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 way too much. I called my financial advisor and my accountant, and they both urged me to go and see Liquidators Fremantle which I didn’t do, of course. I found this other liquidation organization and they said that’s the only escape. I understood I had significant debt, but it just appeared like I had no option. My accountant said that since I am paying for the liquidator and that it was likely going to be a voluntary liquidation that I would most likely be protected. WRONG!
I found some Liquidators, they seemed professional and qualified and these people said they would help me as much as they could to work through my money issues. I had no idea what was going to happen. They appeared to understand my circumstance; I had some money coming in and a sale of some machinery going through.
The minute I signed the documents the liquidators requested the keys and that was it. Everything was taken out of my hands, the sale of the machinery was completely taken over, the money I had coming in was gone, they took over each and 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 became my worst nightmare. I lost everything!