Bankruptcy in Shellharbour and how to avoid getting bitten.

Home/Bankrupt, Blog/Bankruptcy in Shellharbour and how to avoid getting bitten.

Bankruptcy in Shellharbour and how to avoid getting bitten.

When people in Shellharbour talk to me about Bankruptcy, I love telling them about the classic Native American Parable of the small boy and the Rattlesnake. An old rattlesnake demands a passing young boy to carry him to the top of the mountain to see one last sunset before he dies. The boy was skeptical, but the rattlesnake pledged not to bite him in exchange for the lift. They journeyed with each other only for the snake to ultimately bite the boy even with 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.

Finding the ideal financial help in Shellharbour with Bankruptcy is a whole lot like that small boy’s journey, packed with risk and peril, and usually skewed for the benefit of the individual offering the advice. In many cases you’ll get bitten unless you know what you have actually picked up long before you continue (keep away from the rattlesnakes). I learned the dilemma with getting financial advice as a teenager, and it has definitely been crucial to Bankruptcy. I ‘d been working very hard for a couple of years, and saved up a modest sum of money I wanted to invest. It was the early 1980s so interest rates were fairly high and investing your money was quite lucrative. I spent a few years analyzing various investment possibilities, and I went to see a few financial advisors. It was very clear that they had more money than I did: they had good suits and elegant offices, they all seemed to emanate confidence and have all the solutions. What struck me was that they all had a really different strategy of just what I should do. This puzzled me so much that it put me off the entire idea of choosing any of them.
I’m sure that you have read more than enough on the internet to be totally puzzled about Bankruptcy and exactly what to do. It would most likely be less troublesome for me to help you understand the nature of the financial snakes you may be taking hold of while you are aiming to get to the bottom of your financial troubles in Shellharbour. Basically, you have to try and figure out what your overarching options are, do your own research into where to continue with your plan for Bankruptcy, then approach what you feel is best in Shellharbour for your needs. Generally, you have 3 choices for who to turn to.
The first option is a Solicitor– This may look like the go-to choice when you seem to be in trouble. But certainly there is only so much help they can give on this matter. There are definitely specialist legal advisors in personal bankruptcy, but their experience comes with a hefty price.
Another option you may consider is your accountant– they are very helpful and vital to the process of managing your business, but for the most part, when you are thinking about Bankruptcy, your accountant won’t be very much help to you any longer.
Your best choice? A Financial Counsellor that can detail debt consolidation, personal insolvency agreements, and pretty much all you need to know when it comes to Bankruptcy.
If you want 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 Shellharbour on 1300 795 575, or go to our website:

By | 2020-08-17T00:43:15+00:00 October 7th, 2016|Bankrupt, Blog|0 Comments

About the Author: