When people in
Sydney ask me about Bankruptcy, I
let them know the time-honored 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 passes away. The boy was
reluctant, but the rattlesnake vowed not to bite him in exchange for the ride.
They travelled together only for the snake to ultimately attack the boy despite
his assurance not to do so. The snake's response was 'You knew what I was when
you picked me up.
Receiving the
right financial advice in Sydney when it pertains to Bankruptcy is a whole lot
like that little boy's encounter, fraught with risk and danger, and usually
skewed for the benefit of the individual offering the advice. In most 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 receiving
financial advice as a teenager, and it has been necessary 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
fairly 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 crystal clear that they had more money than I did: they had
nice suits and plush offices, they all seemed to exude confidence and have all
the solutions. What struck me was that they all had a truly different idea of
what I should do. This frustrated me a lot that it put me off the whole idea of
selecting any of them.
I'm sure by now
you have read enough on the internet to be totally lost about Bankruptcy and
precisely what to do. It would probably be easier for me to help you understand
the nature of the financial snakes you might be grasping while you are
attempting to get to the bottom of your financial problems in Sydney.
Basically, you have to try and figure out what your overarching choices are, do
your very own research into where to proceed with your plan for Bankruptcy, and
after that approach what you feel is best in Sydney for your requirements.
Basically, you have 3 options for who to turn to.
The first option
is a Solicitor - This may feel like the go-to option when you seem to be in
trouble. But generally there is only so much help they can give on this matter.
There are absolutely specialist legal advisors in bankruptcy, but their
experience comes along with a hefty price.
Another choice
you may consider is your accountant - they are incredibly useful and vital to
the process of managing your business, but for the most part, when you are
thinking of Bankruptcy, your accountant won't be much help to you at all.
Your best
choice? A Financial Counsellor that can talk about debt consolidation, personal
insolvency agreements, and basically all you have to understand when it comes
to Bankruptcy.
If you want to
learn more about what to do, where to turn and what questions to ask about Bankruptcy,
then feel free to call Fresh Start Solutions Sydney on 1300 818 575, or visit
our website: freshstartsolutions.com.au/bankruptcy-Sydney
