Bankruptcy in Port Macquarie and how to avoid getting bitten.

Bankruptcy Port Macquarie

When people in Port Macquarie ask me about Bankruptcy, I tell them the traditional Native American Tale of the little boy and the Rattlesnake. An old rattlesnake requests a passing young boy to bring him to the top of the mountain to see one last sunset before he passes away. The boy was hesitant, but the rattlesnake swore not to bite him in exchange for the ride. They journeyed side by side only for the snake to inevitably bite the boy even after his promise not to bite him so. The snake’s reaction 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 correct financial advice in Port Macquarie with Bankruptcy is a great deal like that little boy’s journey, full of risk and hazards, and usually skewed for the benefit of the individual providing the advice. For the most part you’ll get bitten unless you know what you have indeed picked up long before you begin (avoid the rattlesnakes). I learned the complication with getting financial advice as a young adult, and it has certainly been crucial to Bankruptcy. I ‘d been working really hard for a couple of years, and saved up a small sum of money I wanted to invest. It was the early 1980s so interest rates were fairly high and investing your money was quite financially rewarding. I spent a few years reading up on various investment possibilities, and I went to check out a few financial advisors. It was very clear that these guys had much more money than I did: they had good suits and plush offices, they all seemed to emanate confidence and have all the solutions. What struck me was that they all had a very different strategy of exactly what I should do. This puzzled me so much that it put me off the entire idea of choosing any of them.

I’m sure that you have read more than enough on the internet to be totally puzzled about Bankruptcy and precisely what to do. It would probably be less troublesome for me to help you comprehend the nature of the financial snakes you could be taking hold of while you are aiming to get to the bottom of your financial troubles in Port Macquarie. Essentially, you have to try and determine what your overarching alternatives are, do your very own research into where to push on with your plan for Bankruptcy, then afterwards approach what you feel is best in Port Macquarie for your needs. In a nutshell, you have 3 options for who to choose.

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

Another possibility you may consider is your accountant– they are extremely 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 more.

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

If you want to learn more about what to do, where to turn and what issues to ask about Bankruptcy, then feel free to consult with Bankruptcy Experts Port Macquarie on 1300 795 575, or visit our website:

By | 2020-08-14T05:34:39+00:00 October 7th, 2016|Bankrupt, blog|0 Comments

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