When people in
Tamworth ask me about Bankruptcy, I
tell them 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 see one last sunset before he passes away. The boy was
hesitant, but the rattlesnake vowed not to bite him in exchange for the ride.
They journeyed together only for the snake to in the end bite the boy despite
his vow not to do so. The snake's response was 'You knew what I was when you
picked me up.
Getting the
right financial advice in Tamworth when it pertains to Bankruptcy is a lot like
that little boy's experience, laden with risk and danger, and typically 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 before you move forward (avoid
the rattlesnakes). I learned the problem with obtaining financial advice as a
teenager, and it has been central to Bankruptcy. I'd been working hard for a
few years, and saved up a small amount of money I wanted to invest. It was the
early 1980s so interest rates were quite high and investing your money was very
profitable. I spent time researching a variety of investment options, and I
went to visit a few financial advisors. It was clear that they had more money
than I did: they had nice suits and plush offices, they all appeared 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 confused me so much that it
put me off the whole idea of picking any of them.
I'm sure by now
you have read enough on the internet to be totally overwhelmed about Bankruptcy
and exactly what to do. It would undoubtedly be easier for me to help you learn
about the nature of the financial snakes you may be picking up while you are
trying to get to the bottom of your financial problems in Tamworth.
Essentially, you need to try and recognize what your overarching options are,
do your very own research into where to proceed with your plan for Bankruptcy,
and then approach the things you feel is best in Tamworth for your
requirements. Basically, you have 3 options for who to turn to.
The first option
is a Solicitor - This may seem like the go-to option when you seem to be in
trouble. But there is only just so much assistance they can give on this
matter. There are definitely specialist legal advisors in bankruptcy, but their
knowledge comes along with a hefty price.
Another option
you may consider is your accountant - they are incredibly useful and vital to
the process of running your business, but for the most part, when you are
considering Bankruptcy, your accountant won't be much help to you any more.
Your best
choice? A Financial Counsellor that can talk about debt consolidation, personal
insolvency agreements, and pretty much all you need to know when it comes to 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 consult with Bankruptcy Experts Tamworth on 1300 795 575, or
visit our website: bankruptcyexpertsTamworth.com.au.
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