When people in
Canberra ask me about Bankruptcy, I
tell them the timeless Native American Fable of the little boy and the
Rattlesnake. An old rattlesnake asks a passing young boy to carry him to the mountain
top to see one last sunset before he passes away. The boy was reluctant, but
the rattlesnake promised not to bite him in exchange for the ride. They
journeyed together only for the snake to ultimately bite the boy despite his
vow not to do so. The snake's reply was 'You knew what I was when you picked me
up.
Getting the
right financial advice in Canberra when it concerns Bankruptcy is a whole lot
like that little boy's journey, fraught with risk and danger, and normally
skewed for the benefit of the individual providing the advice. In most cases
you'll get bitten except if you know what you've picked up long before you move
forward (avoid the rattlesnakes). I discovered the problem with receiving
financial advice as a teenager, and it has been key to Bankruptcy. I'd been
keeping my nose to the grindstone for a few years, and saved up a small amount
of money I wanted to invest. It was the early 1980s so interest rates were very
high and investing your money was rather profitable. I spent time researching
varying investment options, and I went to visit a few financial advisors. It
was clear that they had more money than I did: they had nice suits and plush
offices, they all seemed to exude confidence and have all the solutions. What
hit me was that they all had a very different strategy of what I should do.
This confused me a lot that it put me off the whole idea of choosing any of
them.
I'm sure
currently you have read more than enough on the internet to be totally
bewildered about Bankruptcy and exactly what to do. It would undoubtedly be
easier for me to help you understand the nature of the financial snakes you
might be picking up while you are attempting to get to the bottom of your
financial problems in Canberra. Basically, you need to try and understand what
your overarching options are, do your own research into where to proceed with
your strategy for Bankruptcy, and after that approach what you feel is best in
Canberra for your requirements. Essentially, you have 3 options for who to turn
to.
The first option
is a Solicitor - This may seem like the go-to possibility when you appear to be
in trouble. But there is only so much aid they can give on this matter. There
are absolutely specialist legal advisors in bankruptcy, but their expertise
comes with a hefty price.
Another choice
you may consider is your accountant - they are incredibly helpful and vital to
the process of running your business, but for the most part, when you are
considering Bankruptcy, your accountant won't be much help to you anymore.
Your best bet? A
Financial Counsellor that can talk about debt consolidation, personal
insolvency agreements, and virtually all you should understand when it comes to
Bankruptcy.
If you would
like to learn more about what to do, where to turn and what questions to ask
about Bankruptcy, then feel free to speak to Bankruptcy Advice Canberra on 1300
879 867, or visit our website:bankruptcy-advice.com.au/Canberra .
