Bankruptcy in Geraldton and how to avoid getting bitten.

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Bankruptcy in Geraldton and how to avoid getting bitten.

When people in Geraldton ask me about Bankruptcy, I tell them the traditional Native American Parable of the little boy and the Rattlesnake. An old rattlesnake talks to a passing young boy to take him to the mountain peak to see one last sunset before he passes away. The boy was reluctant, but the rattlesnake promised not to bite him in exchange for the journey. They travelled together only for the snake to ultimately 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.

Getting the ideal financial advice in Geraldton with Bankruptcy is a lot similar to that little boy’s journey, stuffed with risk and danger, and usually manipulated for the advantage of the person giving the advice. In most 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 issue with getting financial advice as a teenager, and it has definitely been essential to Bankruptcy. I ‘d been working very 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 simply fairly high and investing your money was quite financially successful. I spent a few years looking into various investment possibilities, and I went to visit a few financial advisors. It was obvious that these guys had much more money than I did: they had good suits and elegant offices, they all seemed to exhibit confidence and have all the answers. What hit me was that they all had a really different concept of exactly 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 that you have learnt more than enough on the internet to be totally puzzled about Bankruptcy and precisely what to do. It would probably be much easier for me to help you know the nature of the financial snakes you might be grasping while you are aiming to get to the bottom of your financial problems in Geraldton. Essentially, you need to try and determine what your overarching choices are, do your very own investigation into where to move on with your strategy for Bankruptcy, then afterwards approach what you feel is best in Geraldton for your needs. Basically, you have 3 options for who to look to.

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

Another possibility you may think of is your accountant– they are very 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 much help to you any longer.

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

If you would like to find out more about what to do, where to turn and what questions to ask about Bankruptcy, then feel free to speak with Bankruptcy Experts Geraldton on 1300 795 575, or go to our website: www.bankruptcyexpertsgeraldton.com.au.

By | 2017-10-12T02:57:14+00:00 October 6th, 2016|Bankruptcy, Liquidation|0 Comments

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