When people in Wollongong ask me about Bankruptcy,
I tell them the timeless 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 discover one last sunset before he dies. The boy was hesitant,
but the rattlesnake vowed not to bite him in exchange for the ride. They
travelled together only for the snake to eventually bite the boy despite his
vow not to do so. The snake's response was 'You knew what I was when you picked
me up.'.
Asking for the right financial advice in
Wollongong when it concerns Bankruptcy is a whole lot like that little boy's
journey, laden with risk and danger, and normally skewed for the benefit of the
individual presenting the advice. Often 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 obtaining financial advice as a teenager, and it
has been central to Bankruptcy. I'd been working hard 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 pretty high and investing your money was quite profitable.
I spent some time researching various investment options, and I went to visit a
few financial advisors. It was transparent that they had more money than I did:
they had good 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 baffled me a lot that it put me
off the whole idea of opting for any of them.
I'm sure currently you have read more than
enough on the internet to be totally lost about Bankruptcy and exactly what to
do. It would probably be easier for me to help you comprehend the nature of the
financial snakes you might be picking up while you are trying to get to the
bottom of your financial troubles in Wollongong. Basically, you need to try and
understand what your overarching choices are, do your own research into where
to proceed with your strategy for Bankruptcy, and after that approach the
things you feel is best in Wollongong 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 choice when you appear to be in trouble. But there really
is only just so much support they can give on this matter. There are definitely
specialist legal advisors in bankruptcy, but their expertise features a hefty
price.
Another solution you may think of is your
accountant - they are incredibly useful and vital to the process of running
your business, but for the most part, when you are considering 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
virtually all you need to understand when it comes to Bankruptcy.
If you wish to learn more about what to do,
where to turn and what questions to ask about Bankruptcy, then feel free to
call Bankruptcy Experts Wollongong on 1300 795 575, or visit our website:
www.bankruptcyexpertsWollongong.com.au.
