Bankruptcy in Northern Rivers and how to avoid getting bitten.

Home/Bankrupt, Blog/Bankruptcy in Northern Rivers and how to avoid getting bitten.

Bankruptcy in Northern Rivers and how to avoid getting bitten.

When people in Northern Rivers talk to me about Bankruptcy, I tell them the classic Native American Myth of the small boy and the Rattlesnake. An old rattlesnake asks a passing young boy to take him to the top of the mountain to see one last sunset before he dies. The boy was unsure, but the rattlesnake gave his word that he would 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 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.

bankruptcy

Securing the right financial advice in Northern Rivers with Bankruptcy is a lot like that small boy’s journey, loaded with risk and peril, and usually manipulated for the benefit of the individual offering the advice. In most cases you’ll get bitten unless you know what you have really picked up long before you move on (stay away from the rattlesnakes). I discovered the trouble with getting financial advice as a teenager, and it has actually been key to Bankruptcy. I ‘d been working hard for a few years, and saved up a small amount of money I really wanted to invest. It was the early 1980s so interest rates were actually fairly high and investing your money was quite rewarding. I spent a few years exploring various investment options, and I went to check out a few financial advisors. It was obvious that these guys had more money than I did: they had nice suits and elegant offices, they all seemed to radiate confidence and have all the solutions. What hit me was that they all had a very different concept of what I should do. This puzzled me so much that it put me off the whole idea of deciding on any of them.

I’m sure that you have read more than enough on the internet to be totally puzzled about Bankruptcy and really what to do. It would most likely be much simpler for me to help you understand the nature of the financial snakes you might be taking hold of while you are trying to get to the bottom of your financial problems in Northern Rivers. Essentially, you have to try and find out what your overarching options 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 Northern Rivers for your needs. In a nutshell, you have 3 choices for who to look to.

The first choice is a Solicitor – This may appear like the go-to chance when you seem to be in trouble. But undoubtedly there is only so much support they can provide on this issue. There are certainly specialist legal advisors in personal bankruptcy, but their experience comes with a hefty price.

Another option you may think of is your accountant– they are very 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 very much help to you any longer.

Your best option? A Financial Counsellor that can detail debt consolidation, personal insolvency agreements, and essentially all you need to know when it concerns 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 talk to Bankruptcy Experts Northern Rovers on 1300 795 575, or go to our website: www.bankruptcyexpertsnorthernrivers.com.au.

By | 2018-08-01T02:03:55+00:00 October 7th, 2016|Bankrupt, Blog|0 Comments

About the Author: