Bankruptcy in Newcastle and how to avoid getting bitten.
When people in Newcastle ask me about Bankruptcy, I love telling them about the traditional Native American Fable of the small boy and the Rattlesnake. An old rattlesnake asks a passing young boy to bring him to the top of the mountain to see one last sunset before he dies. The boy was skeptical, but the rattlesnake gave his word that he would not to bite him in exchange for the journey. They journeyed with each other only for the snake to ultimately bite the boy even after his promise not to bite him 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.
Acquiring the ideal financial advice in Newcastle with Bankruptcy is a great deal like that little boy’s journey, chock full of risk and danger, and usually manipulated for the advantage of the person supplying the advice. In many cases you’ll get bitten unless you understand what you have indeed picked up long before you move on (avoid the rattlesnakes). I learned the trouble with getting financial advice as a young adult, and it has definitely been key to Bankruptcy. I ‘d been working really hard for a number of years, and saved up a modest amount of money I wanted to invest. It was the early 1980s so interest rates were actually fairly high and investing your money was quite financially successful. I spent a few years researching various investment options, and I went to check out a few financial advisors. It was very clear that they had more money than I did: they had nice suits and posh offices, they all seemed to exude confidence and have all the solutions. What struck me was that they all had a very different strategy 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 online to be totally puzzled about Bankruptcy and really what to do. It would probably be less troublesome for me to help you understand the nature of the financial snakes you might be taking hold of while you are attempting to get to the bottom of your financial troubles in Newcastle. Generally, you need to try and figure out what your overarching alternatives are, do your very own research into where to go ahead with your plan for Bankruptcy, then afterwards approach what you feel is best in Newcastle for your needs. In a nutshell, you have 3 choices for who to turn to.
The first option is a Solicitor– This may look 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 bankruptcy, but their experience comes with a hefty price.
Another option you may consider is your accountant– they are incredibly 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 much support to you any longer.
Your best choice? A Financial Counsellor that can outline debt consolidation, personal insolvency agreements, and virtually all you need to know when it concerns Bankruptcy.
If you want to figure out more about what to do, where to turn and what questions to ask about Bankruptcy, then feel free to speak with Bankruptcy Experts Newcastle on 1300 795 575, or check out our website: www.bankruptcyexpertsnewcastle.com.au.