How To Avoid Being Bitten In Bankruptcy
When people in Melbourne talk to me about Bankruptcy, I tell them the classic Native American Myth of the small boy and the Rattlesnake. An old rattlesnake asks a passing young boy to bring him to the mountain top to see one last sunset before he passes away. The boy was skeptical, but the rattlesnake promised not to bite him in exchange for the journey. They journeyed with each other only for the snake to eventually bite the boy despite his promise not to bite him 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.
Getting the ideal financial advice in Melbourne with Bankruptcy is a great deal similar to that little boy’s journey, chock full of risk and danger, and usually skewed for the advantage of the individual providing the advice. For the most part you’ll get bitten unless you know what you have really picked up long before you move forward (steer clear of the rattlesnakes). I discovered the problem with getting financial advice as a teenager, and it has been key to Bankruptcy. I ‘d been working very hard for a couple of years, and saved up a modest sum of money I chose to invest. It was the early 1980s so interest rates were generally fairly high and investing your money was quite financially rewarding. I spent a few years analyzing various investment possibilities, and I went to see a few financial advisors. It was clear that these guys had a lot more money than I did: they had good suits and luxurious offices, they all seemed to emanate confidence and have all the answers. What hit me was that they all had a really different idea of just what I should do. This puzzled me so much that it put me off the whole idea of picking any of them.
I’m sure that you have found out more than enough on the internet to be totally puzzled about Bankruptcy and exactly what to do. It would most likely be simpler for me to help you comprehend the nature of the financial snakes you could be grasping while you are trying to get to the bottom of your financial troubles in Melbourne. Essentially, you need to try and figure out what your overarching alternatives are, do your own investigation into where to move on with your plan for Bankruptcy, and then approach what you feel is best in Melbourne for your needs. Generally, you have 3 choices for who to choose.
The first choice is a Solicitor– This may appear like the best option when you appear to be in trouble. But undoubtedly there is only just so much help they can give on this matter. There are absolutely specialist legal advisors in personal bankruptcy, but their experience comes along with a hefty price.
Another possibility you may consider 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 very 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 need to know when it comes to Bankruptcy.
If you wish to learn more about what to do, where to turn and what issues to ask about Bankruptcy, then feel free to talk to Bankruptcy Experts Melbourne on 1300 795 575, or go to our website: www.bankruptcyexpertsmelbourne.com.au.