When people in Geelong ask me about Bankruptcy,
I let them know the simple 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 view one last sunset before he dies. 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 in the end attack the boy despite his promise
not to do so. The snake's response was 'You knew what I was when you picked me
up.'.
Obtaining the right financial advice in
Geelong when it comes to Bankruptcy is a lot like that little boy's journey,
fraught with risk and danger, and generally skewed for the benefit of the
person supplying the advice. In many cases you'll get bitten except if you know
what you've picked up long before you move forward (avoid the rattlesnakes). I
learned the problem with obtaining financial advice as a teenager, and it has
been central to Bankruptcy. I'd been keeping my nose to the grindstone for a
few years, and saved up a little bit of money I wanted to invest. It was the
early 1980s so interest rates were very high and investing your money was
really profitable. I spent time researching numerous investment options, and I
went to visit a few financial advisors. It was transparent that they had more
money than I did: they had good suits and plush offices, they all seemed to
exude confidence and have all the answers. What struck me was that they all had
an extremely different strategy of what I should do. This confused me so much
that it put me off the whole idea of picking any of them.
I'm sure by now you have read enough on the
internet to be totally overwhelmed about Bankruptcy and exactly what to do. It
would most likely be easier for me to help you understand the nature of the
financial snakes you could be picking up while you are trying to get to the
bottom of your financial troubles in Geelong. Basically, you have to try and
figure out what your overarching alternatives are, do your own research into
where to proceed with your plan for Bankruptcy, and after that approach the
things you feel is best in Geelong for your requirements. Basically, you have 3
options for who to turn to.
The first option is a Solicitor - This may
seem the go-to choice when you appear to be in trouble. But there is only just
so much assistance they can give on this matter. There are absolutely
specialist legal advisors in bankruptcy, but their expertise features a hefty
price.
Another option you may think about is your
accountant - they are incredibly useful and vital to the process of managing
your business, but for the most part, when you are considering Bankruptcy, your
accountant won't be much help to you at all.
Your best bet? A Financial Counsellor that
can talk about debt consolidation, personal insolvency agreements, and
virtually all you have to figure out when it comes to Bankruptcy.
If you would like to find out more about
what to do, where to turn and what questions to ask about Bankruptcy, then feel
free to consult with Bankruptcy Experts Geelong on 1300 795 575, or visit our
website: www.bankruptcyexpertsGeelong.com.au.
