Bankruptcy in Parramatta and how to avoid getting bitten.

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Bankruptcy in Parramatta and how to avoid getting bitten.

When people in Parramatta ask me about Bankruptcy, I tell them the traditional Native American Fable of the little boy and the Rattlesnake. An old rattlesnake asks a passing young boy to take him to the top of the mountain to see one last sunset before he dies. The boy was uncertain, but the rattlesnake gave his word that he would not to bite him in exchange for the trip. They journeyed with each other only for the snake to eventually bite the boy regardless his promise not to 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.

Securing the right financial advice in Parramatta with Bankruptcy is a lot similar to that small boy’s journey, full of risk and hazards, and usually manipulated for the advantage of the individual providing the advice. For the most part you’ll get bitten unless you understand what you have actually picked up long before you proceed (keep away from the rattlesnakes). I discovered the challenge 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 generally fairly high and investing your money was quite financially successful. I spent a few years investigating various investment possibilities, and I went to see a few financial advisors. It was clear that these guys had much more money than I did: they had nice suits and elegant offices, they all seemed to project confidence and have all the answers. What hit me was that they all had a very different strategy of what I should do. This puzzled me so much that it put me off the whole idea of picking any of them.

I’m sure that you have learnt more than enough on the internet to be totally puzzled about Bankruptcy and exactly what to do. It would probably be less troublesome for me to help you take in the nature of the financial snakes you may be grasping while you are aiming to get to the bottom of your financial issues in Parramatta. Generally, you need to try and determine what your overarching choices are, do your very own investigation into where to move on with your plan for Bankruptcy, then afterwards approach what you feel is best in Parramatta for your needs. Generally, you have 3 options for who to turn to.

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

Another possibility you may think about is your accountant– they are incredibly 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 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 Experts Parramatta on 1300 795 575, or check out our website: www.bankruptcyexpertsparramatta.com.au.

By | 2017-10-13T02:18:51+00:00 October 7th, 2016|Bankruptcy, Liquidation|0 Comments

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