When people in Bunbury ask me about Bankruptcy, I love telling them about the traditional Native American Myth of the little boy and the Rattlesnake. An old rattlesnake demands a passing young boy to take him to the mountain peak to see one last sunset before he dies. The boy was reluctant, but the rattlesnake swore not to bite him in exchange for the lift. They journeyed side by side only for the snake to ultimately bite the boy even after his promise not to do so. The snake’s reaction was ‘You knew what I was when you picked me up.’ – Now it is a tale that is also known as the Scorpion and the Toad, and by many other names, but the message is the same – know what you are getting before you pick it up.
Acquiring the right financial advice in Bunbury with Bankruptcy is a whole lot similar to that little boy’s journey, loaded with risk and peril, and usually skewed for the benefit of the person providing the advice. Most of the time you’ll get bitten unless you know what you’ve picked up long before you continue (steer clear of the rattlesnakes). I discovered the dilemma with getting financial advice as a teenager, and it has actually been crucial to Bankruptcy. I ‘d been working very hard for a few years, and saved up a modest sum of money I chose to invest. It was the early 1980s so interest rates were fairly high and investing your money was quite rewarding. I spent a few years researching various investment possibilities, and I went to see a few financial advisors. It was clear that they had a lot more money than I did: they had good suits and posh offices, they all seemed to exhibit confidence and have all the answers. What hit me was that they all had a very different concept of what I should do. This puzzled me so much that it put me off the whole idea of going with any of them.
I’m sure that you have read more than enough online to be totally puzzled about Bankruptcy and precisely what to do. It would most likely be much easier for me to help you know the nature of the financial snakes you may be grasping while you are aiming to get to the bottom of your financial problems in Bunbury. Generally, you have to try and determine what your overarching alternatives are, do your very own investigation into where to push on with your strategy for Bankruptcy, then afterwards approach what you feel is best in Bunbury for your needs. Essentially, you have 3 choices for who to choose.
The first choice is a Solicitor– This may appear like the best option when you seem to be in trouble. But certainly there is only just so much help they can offer on this issue. There are absolutely specialist legal advisors in bankruptcy, but their experience comes with a hefty price.
Another option you may think of is your accountant– they are extremely helpful and vital to the program of managing your business, but for the most part, when you are thinking about Bankruptcy, your accountant won’t be much support to you any more.
Your best choice? A Financial Counsellor that can detail debt consolidation, personal insolvency agreements, and more or less all you have to know when it involves Bankruptcy.
If you want to find out more about what to do, where to turn and what issues to ask about Bankruptcy, then feel free to talk to Bankruptcy Experts Bunbury on 1300 795 575, or visit our website: www.bankruptcyexpertsbunbury.com.au.