Bankruptcy in Sunshine Coast and how to avoid getting bitten.

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Bankruptcy in Sunshine Coast and how to avoid getting bitten.

When people in Sunshine Coast talk to me about Bankruptcy, I love telling them about the traditional Native American Fable of the small boy and the Rattlesnake. An old rattlesnake wants 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 promised not to bite him in exchange for the journey. They journeyed together only for the snake to inevitably bite the boy even with 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.

Finding the correct financial help in Sunshine Coast with Bankruptcy is a lot similar to that little boy’s journey, chock full of risk and peril, and usually skewed for the advantage of the person giving the advice. In most cases you’ll get bitten unless you understand what you have actually picked up long before you begin (steer clear of the rattlesnakes). I learned the concern with getting financial advice as a teenager, and it has certainly been key to Bankruptcy. I ‘d been working 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 simply fairly high and investing your money was quite financially successful. I spent a few years reading up on various investment possibilities, and I went to check out a few financial advisors. It was obvious that these guys had a lot more money than I did: they had good suits and lush offices, they all seemed to give off confidence and have all the solutions. What hit me was that they all had a very different idea of just what I should do. This puzzled me so much that it put me off the entire 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 exactly what to do. It would probably be simpler for me to help you know the nature of the financial snakes you could be grasping while you are aiming to get to the bottom of your financial issues in Sunshine Coast. Essentially, you need to try and find out what your overarching choices are, do your very own investigation into where to go ahead with your strategy for Bankruptcy, then approach what you feel is best in Sunshine Coast for your needs. In a nutshell, you have 3 options for who to turn 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 just so much support they can give on this matter. There are certainly 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 incredibly 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 much help to you any more.

Your best option? A Financial Counsellor that can outline debt consolidation, personal insolvency agreements, and pretty much all you have to know when it concerns Bankruptcy.

If you wish 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 Sunshine Coast on 1300 795 575, or visit our website:

By | 2018-07-09T04:51:23+00:00 October 7th, 2016|Bankruptcy, Liquidation|0 Comments

About the Author:

Director of Fresh Start Solutions and specialises in helping people free themselves from overwhelming debt. Whether it's Bankruptcy, Liquidation, Insolvency Advice or simply General Debt Advice.