June 28, 20160

Bankruptcy in Cassowary Coast – How to avoid getting bitten?

Posted by:Bankruptcy Specialist onJune 28, 2016

When people in Cassowary Coast talk to me about bankruptcy, I love telling them about the classic Native American Fable of the small boy and the Rattlesnake. An old rattlesnake wants a passing young boy to carry him to the mountain peak to see one last sunset before he dies. The boy was cautious, but the rattlesnake pledged not to bite him in exchange for the ride. They journeyed side by side only for the snake to inevitably bite the boy regardless his promise not to 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.

Acquiring the right financial advice in Cassowary Coast with bankruptcy is a lot like that little boy’s journey, loaded with risk and hazards, and usually manipulated for the benefit of the person providing the advice. In most cases you’ll get bitten unless you understand what you have really picked up long before you continue (keep away from the rattlesnakes). I discovered the issue with getting financial advice as a teenager, and it has actually been crucial to bankruptcy. I ‘d been working really hard for a number of years, and saved up a small amount of money I really wanted to invest. It was the early 1980s so interest rates were fairly high and investing your money was quite financially rewarding. I spent a few years researching various investment possibilities, and I went to visit a few financial advisors. It was clear that they had much more money than I did: they had nice suits and posh offices, they all seemed to exude confidence and have all the answers. What struck me was that they all had a really different concept 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 online to be totally puzzled about bankruptcy and exactly what to do. It would probably be easier for me to help you understand the nature of the financial snakes you could be grasping while you are attempting to get to the bottom of your financial problems in Cassowary Coast.Essentially, you need to try and figure out what your overarching alternatives are, do your own research into where to proceed with your plan for bankruptcy, and then approach what you feel is best in Cassowary Coast for your needs. Basically, you have 3 choices for who to look to.

The first choice is a Solicitor– This may look like the go-to possibility when you seem to be in trouble. But undoubtedly there is only so much help they can give on this issue. There are certainly specialist legal advisors in bankruptcy, but their experience comes along with a hefty price.

Another possibility you may think of 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 much support to you any more.Your best option? A Financial Counsellor that can outline debt consolidation, personal insolvency agreements, and essentially all you have 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 Cassowary Coast on 1300 818 575, or check out our website: www.bankruptcy-cassowarycoast.com.au.

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Bankruptcy Cassowary Coast
Bankruptcy Cassowary Coast
Bankruptcy Cassowary Coast
Bankruptcy Cassowary Coast
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Bankruptcy Cassowary Coast
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