Bankruptcy in Sydney and how to avoid getting bitten.
When people in Sydney talk to me about Bankruptcy, I tell them the classic Native American Tale of the little boy and the Rattlesnake. An old rattlesnake implores a passing young boy to take him to the top of the mountain to see one last sunset before he dies. The boy was nervous, but the rattlesnake promised not to bite him in exchange for the ride. They journeyed together only for the snake to eventually bite the boy even with 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.
Getting the ideal financial advice in Sydney with Bankruptcy is a whole lot similar to that little boy’s journey, filled with risk and danger, and usually skewed for the advantage of the individual providing the advice. In many cases you’ll get bitten unless you understand what you have indeed picked up long before you begin (steer clear of the rattlesnakes). I discovered the challenge with getting financial advice as a teenager, and it has actually been crucial to Bankruptcy. I ‘d been working very hard for a number of years, and saved up a modest sum of money I chose to invest. It was the early 1980s so interest rates were generally fairly high and investing your money was quite profitable. I spent a few years looking into various investment possibilities, and I went to visit a few financial advisors. It was obvious that they had more money than I did: they had good suits and luxurious offices, they all seemed to radiate confidence and have all the answers. What hit me was that they all had a very different idea of 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 found out more than enough on the internet to be totally puzzled about Bankruptcy and just exactly what to do. It would most likely be less troublesome for me to help you comprehend the nature of the financial snakes you might be taking hold of while you are trying to get to the bottom of your financial issues in Sydney. Basically, you need to try and find out what your overarching options are, do your very own research into where to proceed with your strategy for Bankruptcy, and then approach what you feel is best in Sydney for your needs. Basically, you have 3 choices for who to choose.
The first choice is a Solicitor– This may look like the go-to chance when you seem to be in trouble. But certainly there is only so much help they can provide on this matter. There are definitely specialist legal advisors in bankruptcy, but their experience comes with a hefty price.
Another possibility you may consider 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 help to you any more.
Your best option? A Financial Counsellor that can outline debt consolidation, personal insolvency agreements, and basically all you have to know when it concerns 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 consult with Bankruptcy Experts Sydney on 1300 795 575, or visit our website: www.bankruptcyexpertssydney.com.au.