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:
www.freshstartsolutions.com.au/bankruptcy-Sydney
