Bankruptcy in Wangaratta and how to avoid getting bitten.

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Bankruptcy in Wangaratta and how to avoid getting bitten.

When people in Wangaratta ask me about Bankruptcy, I tell them the classic Native American Myth of the small boy and the Rattlesnake. An old rattlesnake implores a passing young boy to bring him to the mountain top to see one last sunset before he dies. The boy was nervous, but the rattlesnake gave his word that he would not to bite him in exchange for the trip. They journeyed side by side only for the snake to inevitably bite the boy even with his promise not to bite him so. The snake’s reply 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.

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Getting the right financial advice in Wangaratta with Bankruptcy is a whole lot similar to that small boy’s journey, loaded with risk and danger, and usually manipulated for the advantage of the person providing the advice. For the most part you’ll get bitten unless you know what you have indeed picked up long before you move forward (stay away from the rattlesnakes). I learned the problem with getting financial advice as a young adult, and it has actually been key to Bankruptcy. I ‘d been working really hard for a couple of years, and saved up a small 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 reading up on various investment possibilities, and I went to check out a few financial advisors. It was clear that they had a lot 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 a very different idea of exactly what I should do. This puzzled me so much that it put me off the whole idea of choosing any of them.

I’m sure that you have found out more than enough online to be totally puzzled about Bankruptcy and just exactly what to do. It would probably be much simpler for me to help you know the nature of the financial snakes you could be taking hold of while you are attempting to get to the bottom of your financial troubles in Wangaratta. Essentially, you need to try and figure out what your overarching alternatives are, do your own research into where to proceed with your strategy for Bankruptcy, and then approach what you feel is best in Wangaratta for your needs. Generally, you have 3 choices for who to look to.

The first choice is a Solicitor– This may look like the go-to prospect when you appear to be in trouble. But certainly there is only just so much support they can provide on this matter. There are certainly specialist legal advisors in bankruptcy, but their experience comes with a hefty price.

Another option you may think about is your accountant– they are very 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 longer.

Your best option? A Financial Counsellor that can detail debt consolidation, personal insolvency agreements, and more or less all you have 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 speak with Bankruptcy Experts Wangaratta on 1300 795 575, or visit our website: www.bankruptcyexpertswangaratta.com.au.

By | 2018-07-26T02:55:03+00:00 October 7th, 2016|Bankruptcy, Blog|0 Comments

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