Bankruptcy in Wyong and how to avoid getting bitten.

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Bankruptcy in Wyong and how to avoid getting bitten.

When people in Wyong talk to me about Bankruptcy, I tell them the traditional Native American Parable of the small boy and the Rattlesnake. An old rattlesnake asks a passing young boy to carry him to the mountain peak to see one last sunset before he dies. The boy was skeptical, but the rattlesnake swore not to bite him in exchange for the ride. They travelled together only for the snake to inevitably bite the boy even after his promise not to 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.

Finding the best financial advice in Wyong with Bankruptcy is a great deal similar to that small boy’s journey, chock full of risk and peril, and usually skewed for the benefit of the individual giving the advice. For the most part you’ll get bitten unless you know what you have actually picked up long before you proceed (steer clear of the rattlesnakes). I learned the challenge with getting financial advice as a young adult, and it has definitely been essential to Bankruptcy. I ‘d been working hard for a couple of years, and saved up a modest amount of money I chose to invest. It was the early 1980s so interest rates were actually fairly high and investing your money was quite profitable. I spent a few years looking into various investment options, and I went to see a few financial advisors. It was obvious that they had much more money than I did: they had good suits and elegant offices, they all seemed to radiate confidence and have all the solutions. What struck me was that they all had a really different strategy of what I should do. This puzzled me so much that it put me off the whole idea of choosing any of them.

I’m sure that you have learnt more than enough online to be totally puzzled about Bankruptcy and really what to do. It would most likely be much simpler for me to help you take in the nature of the financial snakes you could be grasping while you are aiming to get to the bottom of your financial problems in Wyong. Generally, you have to try and figure out what your overarching alternatives are, do your own investigation into where to go ahead with your plan for Bankruptcy, and after that approach what you feel is best in Wyong for your needs. Ultimately, you have 3 options for who to choose.

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

Another option you may consider is your accountant– they are very 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 option? A Financial Counsellor that can detail debt consolidation, personal insolvency agreements, and basically all you need to know when it comes to Bankruptcy.

If you want to find out more about what to do, where to turn and what issues to ask about Bankruptcy, then feel free to consult with Bankruptcy Experts Wyong on 1300 795 575, or check out our website: www.bankruptcyexpertswyong.com.au.

By | 2018-07-06T05:21:11+00:00 October 7th, 2016|Bankrupt, Blog|0 Comments

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