Bankruptcy in Maitland and how to avoid getting bitten.

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Bankruptcy in Maitland and how to avoid getting bitten.

When people in Maitland talk to me about Bankruptcy, I tell them the traditional Native American Parable of the small boy and the Rattlesnake. An old rattlesnake demands a passing young boy to take him to the mountain peak to see one last sunset before he dies. The boy was reluctant, but the rattlesnake gave his word that he would not to bite him in exchange for the lift. They travelled side by side only for the snake to eventually bite the boy regardless his promise not to do so. The snake’s response 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 ideal financial help in Maitland with Bankruptcy is a great deal similar to that small boy’s journey, packed with risk and peril, and usually manipulated for the advantage of the individual providing the advice. In many cases you’ll get bitten unless you understand what you have really picked up long before you begin (stay away from the rattlesnakes). I learned the trouble with getting financial advice as a teenager, and it has definitely been key to Bankruptcy. I ‘d been working very hard for a number of years, and saved up a modest sum of money I chose to invest. It was the early 1980s so interest rates were fairly high and investing your money was quite rewarding. I spent a few years researching various investment options, and I went to visit a few financial advisors. It was obvious that they had more money than I did: they had good suits and elegant offices, they all seemed to emanate confidence and have all the answers. What hit me was that they all had a really different concept of just 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 found out more than enough online to be totally puzzled about Bankruptcy and just exactly what to do. It would probably be easier for me to help you take in the nature of the financial snakes you might be grasping while you are attempting to get to the bottom of your financial troubles in Maitland. Essentially, you need to try and find out what your overarching alternatives are, do your very own research into where to move on with your plan for Bankruptcy, then afterwards approach what you feel is best in Maitland for your needs. Ultimately, you have 3 choices for who to look to.

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

Another possibility you may think of is your accountant– they are extremely 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 very much support to you any more.

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

If you want to figure out more about what to do, where to turn and what questions to ask about Bankruptcy, then feel free to consult with Bankruptcy Experts Maitland on 1300 795 575, or visit our website: www.bankruptcyexpertsmaitland.com.au.

By | 2018-07-05T00:30:14+00:00 October 7th, 2016|Bankrupt, blog|0 Comments

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