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June 28, 20160

Bankruptcy in Emerald and How to Avoid Getting Bitten

Posted by:Bankruptcy Specialist onJune 28, 2016

When people in Emerald talk to me about bankruptcy, I tell them the traditional Native American Myth of the small boy and the Rattlesnake. An old rattlesnake talks to a passing young boy to carry him to the mountain peak to see one last sunset before he dies. The boy was uncertain, but the rattlesnake swore not to bite him in exchange for the journey. They travelled with each other only for the snake to eventually bite the boy even after his promise not to do 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 Emerald with bankruptcy is a whole lot similar to that small boy’s journey, stuffed with risk and hazards, and usually manipulated for the benefit of the individual offering the advice. For the most part you’ll get bitten unless you know what you have really picked up long before you move on (steer clear of the rattlesnakes). I learned the complication with getting financial advice as a young adult, and it has actually been key to bankruptcy. I ‘d been working hard for a few years, and saved up a modest amount of money I really 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 analyzing various investment possibilities, and I went to check out a few financial advisors. It was very clear that they had a lot more money than I did: they had nice suits and lush offices, they all seemed to emanate confidence and have all the answers. What hit me was that they all had a very different idea of what I should do. This puzzled me so much that it put me off the entire idea of picking 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 most likely be much easier for me to help you take in the nature of the financial snakes you might be taking hold of while you are aiming to get to the bottom of your financial troubles in Emerald. Essentially, you need to try and find out what your overarching choices are, do your own investigation into where to move on with your strategy for bankruptcy, and then approach what you feel is best in Emerald for your needs. Ultimately, you have 3 options for who to look to.

The first option is a Solicitor– This may look like the best possibility when you seem to be in trouble. But undoubtedly there is only just so much help they can give on this matter. There are definitely specialist legal advisors in bankruptcy, but their experience comes along with a hefty price.

Another option you may think about 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 more or less all you need to know when it involves bankruptcy.

If you would like to figure out more about what to do, where to turn and what issues to ask about bankruptcy, then feel free to speak with Bankruptcy Emerald on 1300 818 575, or go to our website:

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