Bankruptcy in Gladstone - Are you going to get bitten?

When people in Gladstone ask me about Bankruptcy, I let them know the timeless Native American Fable of the little boy and the Rattlesnake. An old rattlesnake asks a passing young boy to carry him to the mountain top to view one last sunset before he passes away. The boy was hesitant, but the rattlesnake pledged not to bite him in exchange for the ride. They journeyed together only for the snake to in the end attack the boy despite his assurance not to do so. The snake's answer was 'You knew what I was when you picked me up.

Asking for the right financial advice in Gladstone when it relates to Bankruptcy is a lot like that little boy's experience, tangled up with risk and danger, and typically skewed for the benefit of the person offering the advice. In most cases you'll get bitten except if you know what you've picked up before you move forward (avoid the rattlesnakes). I discovered the problem with receiving financial advice as a teenager, and it has been central to Bankruptcy. I'd been working hard for a few years, and saved up a little bit of money I wanted to invest. It was the early 1980s so interest rates were very high and investing your money was quite profitable. I spent a long time researching different investment options, and I went to visit a few financial advisors. It was clear that they had more money than I did: they had great suits and plush offices, they all appeared to exude confidence and have all the answers. What struck me was that they all had an extremely different strategy of what I should do. This frustrated me so much that it put me off the whole idea of opting for any of them.

I'm sure by now you have read more than enough on the internet to be totally baffled about Bankruptcy and exactly what to do. It would undoubtedly be easier for me to help you comprehend the nature of the financial snakes you may be picking up while you are attempting to get to the bottom of your financial concerns in Gladstone. Essentially, you need to try and recognize what your overarching choices are, do your very own research into where to proceed with your strategy for Bankruptcy, and then approach what you feel is best in Gladstone for your needs. Essentially, you have 3 options for who to turn to.

The first option is a Solicitor - This may appear like the go-to option when you appear to be in trouble. But there certainly is only so much help they can give on this matter. There are certainly specialist legal advisors in bankruptcy, but their experience features a hefty price.

Another choice 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 much help to you any more.

Your best bet? A Financial Counsellor that can talk about debt consolidation, personal insolvency agreements, and pretty much all you need to understand when it comes to Bankruptcy.

If you wish to find out more about what to do, where to turn and what questions to ask about Bankruptcy, then feel free to contact Bankruptcy Experts Gladstone on 1300 795 575, or visit our website:bankruptcyexpertsGladstone.com.au.