When people in
Adelaide 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 dies. The boy was reluctant, but
the rattlesnake pledged not to bite him in exchange for the ride. They
travelled together only for the snake to ultimately bite the boy despite his
promise 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 Adelaide when it comes to Bankruptcy is a whole lot
like that little boy's experience, tangled up with risk and danger, and
normally skewed for the benefit of the person supplying the advice. Often
you'll get bitten unless you know what you've picked up long before you move
forward (avoid the rattlesnakes). I learned the problem with obtaining
financial advice as a teenager, and it has been fundamental to Bankruptcy. I'd
been working hard 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 rather high and
investing your money was really profitable. I spent a few years researching
numerous investment options, and I went to visit a few financial advisors. It
was transparent 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 puzzled me so much that it put me off the whole idea of choosing any
of them.
I'm sure
currently you have read enough on the internet to be totally bewildered about Bankruptcy
and precisely what to do. It would probably be easier for me to help you learn
about the nature of the financial snakes you could be picking up while you are
attempting to get to the bottom of your financial issues in Adelaide.
Essentially, you need to try and figure out what your overarching alternatives
are, do your own research into where to proceed with your plan for Bankruptcy,
and then approach the things you feel is best in Adelaide for your needs.
Essentially, you have 3 options for who to turn to.
The first option
is a Solicitor - This may appear like the go-to choice when you seem to be in
trouble. But there certainly is only so much help they can give on this matter.
There are definitely specialist legal advisors in bankruptcy, but their
knowledge includes a hefty price.
Another solution
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
thinking about Bankruptcy, your accountant won't be much help to you any
longer.
Your best bet? A
Financial Counsellor that can outline debt consolidation, personal insolvency
agreements, and basically all you should understand when it comes to Bankruptcy.
If you want to
find out more about what to do, where to turn and what questions to ask about Bankruptcy,
then feel free to get in touch with Bankruptcy Advice Adelaide on 1300 879 867, or visit our
website:bankruptcy-advice.com.au/Adelaide
