When people in
Melbourne ask me about Bankruptcy, I
tell them 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 see one last sunset before he dies. The boy was hesitant, but the
rattlesnake pledged 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 answer was 'You knew what I was when you picked me
up.
Acquiring the
right financial advice in Melbourne when it relates to Bankruptcy is a whole
lot like that little boy's experience, fraught with risk and danger, and
usually skewed for the benefit of the individual providing the advice. In most
cases you'll get bitten unless you know what you've picked up long before you
move forward (avoid the rattlesnakes). I discovered the problem with getting
financial advice as a teenager, and it has been vital 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 quite profitable. I spent some time researching
varied investment options, and I went to visit a few financial advisors. It was
transparent that they had more money than I did: they had great suits and plush
offices, they all appeared to exude confidence and have all the answers. What
hit me was that they all had an extremely different strategy of what I should
do. This frustrated me so much that it put me off the entire idea of choosing
any of them.
I'm sure
currently you have read more than enough on the internet to be totally puzzled
about Bankruptcy and precisely what to do. It would undoubtedly be easier for
me to help you learn about the nature of the financial snakes you may be
grabbing while you are trying to get to the bottom of your financial concerns
in Melbourne. In essence, you need to try and understand what your overarching
alternatives are, do your very own research into where to proceed with your
strategy for Bankruptcy, and after that approach just what you feel is best in
Melbourne for your requirements. Essentially, you have 3 options for who to
turn to.
The first option
is a Solicitor - This may appear like the go-to solution when you seem to be in
trouble. But generally there is only just so much aid they can give on this
matter. There are definitely specialist legal advisors in bankruptcy, but their
expertise comes along with a hefty price.
Another
alternative you may think of is your accountant - they are incredibly useful
and vital to the process of operating your business, but for the most part,
when you are thinking about Bankruptcy, your accountant won't be much help to
you anymore.
Your best bet? A
Financial Counsellor that can outline debt consolidation, personal insolvency
agreements, and basically 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 speak to Bankruptcy Advice Melbourne on
1300 879 867, or visit our website:bankruptcy-advice.com.au/Melbourne .
