|June 28, 2016||0|
When people in Fremantle ask me about bankruptcy, I love telling them about the traditional Native American Fable of the small boy and the Rattlesnake. An old rattlesnake wants a passing young boy to carry him to the mountain top to see one last sunset before he passes away. The boy was hesitant, but the rattlesnake promised not to bite him in exchange for the journey. They journeyed side by side only for the snake to ultimately bite the boy even after his promise not to 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.
Securing the ideal financial advice in Fremantle with bankruptcy is a great deal similar to that little boy’s journey, chock full of risk and hazards, and usually skewed for the advantage of the individual supplying the advice. In most cases you’ll get bitten unless you understand what you have really picked up long before you move forward (steer clear of the rattlesnakes). I discovered the dilemma with getting financial advice as a teenager, and it has been key to bankruptcy. I ‘d been working hard for a couple of years, and saved up a modest amount of money I wanted to invest. It was the early 1980s so interest rates were actually fairly high and investing your money was quite rewarding. I spent a few years analyzing various investment possibilities, and I went to visit a few financial advisors. It was clear that they had more money than I did: they had good suits and plush offices, they all seemed to exhibit confidence and have all the solutions. What hit me was that they all had a really different idea of just what I should do. This puzzled me so much that it put me off the whole idea of going with any of them.
I’m sure that you have learnt more than enough online to be totally puzzled about bankruptcy and just exactly what to do. It would probably be much easier for me to help you take in 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 Fremantle. Basically, you need to try and determine what your overarching choices are, do your own research into where to press on with your plan for bankruptcy, and after that approach what you feel is best in Fremantle for your needs. In a nutshell, you have 3 options for who to turn to.
The first choice is a Solicitor– This may appear like the go-to chance when you seem to be in trouble. But undoubtedly there is only just so much support they can provide on this issue. There are absolutely specialist legal advisors in bankruptcy, but their experience comes along with a hefty price.
Another option you may think of 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 very much help 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 involves 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 Fremantle on 1300 818 575, or check out our website: www.bankruptcy-fremantle.com.au.