|June 28, 2016||0|
When people in Geelong talk to me about bankruptcy, I tell them the classic Native American Fable of the small boy and the Rattlesnake. An old rattlesnake implores a passing young boy to carry him to the mountain peak 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 together only for the snake to ultimately bite the boy despite his promise not to do so. The snake’s response 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 right financial advice in Geelong with bankruptcy is a lot like that small boy’s journey, stuffed 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 understand what you have indeed picked up long before you move forward (keep away from the rattlesnakes). I learned the problem with getting financial advice as a teenager, and it has actually been essential to bankruptcy. I ‘d been working hard for a number of years, and saved up a small sum of money I wanted to invest. It was the early 1980s so interest rates were simply fairly high and investing your money was quite financially successful. I spent a few years researching various investment possibilities, and I went to see a few financial advisors. It was clear that they had more money than I did: they had good suits and elegant offices, they all seemed to give off confidence and have all the answers. What struck me was that they all had a really different strategy 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 read more than enough on the internet to be totally puzzled about bankruptcy and just exactly what to do. It would most likely be much easier for me to help you appreciate the nature of the financial snakes you might be taking hold of while you are attempting to get to the bottom of your financial issues in Geelong. Essentially, you have to try and find out what your overarching choices are, do your own investigation into where to move on with your plan for bankruptcy, and then approach what you feel is best in Geelong for your needs. Ultimately, you have 3 options for who to choose.
The first choice is a Solicitor– This may appear like the best choice when you appear to be in trouble. But undoubtedly there is only so much support they can provide on this matter. There are definitely specialist legal advisors in personal bankruptcy, but their experience comes along with a hefty price.
Another possibility you may think of is your accountant– they are extremely helpful and vital to the process of managing your business, but for the most part, when you are thinking about bankruptcy, your accountant won’t be very much support to you any longer.
Your best choice? A Financial Counsellor that can outline debt consolidation, personal insolvency agreements, and basically all you have to know when it comes to bankruptcy.
If you want to learn more about what to do, where to turn and what issues to ask about bankruptcy, then feel free to consult with Bankruptcy Geelong on 1300 818 575, or visit our website: www.bankruptcy-geelong.com.au.