Bankruptcy in Port Macquarie - Are you going to get bitten?

When people in Port Macquarie 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 see one last sunset before he passes away. The boy was reluctant, but the rattlesnake promised not to bite him in exchange for the ride. They went together only for the snake to in the end attack the boy despite his vow not to do so. The snake's response was 'You knew what I was when you picked me up.

Asking for the right financial advice in Port Macquarie when it pertains to Bankruptcy is a great deal like that little boy's journey, laden with risk and danger, and typically skewed for the benefit of the person providing the advice. In most cases you'll get bitten unless you know what you've picked up before you move forward (avoid the rattlesnakes). I learned the problem with obtaining financial advice as a teenager, and it has been fundamental to Bankruptcy. I'd been keeping my nose to the grindstone 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 quite high and investing your money was quite profitable. I spent a long time researching many different investment options, and I went to visit a few financial advisors. It was crystal 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 a truly different strategy of what I should do. This confused me a lot that it put me off the entire idea of going with any of them.

I'm sure currently you have read enough on the internet to be totally mixed up about Bankruptcy and just what to do. It would undoubtedly be easier for me to help you understand the nature of the financial snakes you might be picking up while you are attempting to get to the bottom of your financial problems in Port Macquarie. In essence, you have to try and recognize what your overarching choices are, do your very own research into where to proceed with your plan for Bankruptcy, and then approach just what you feel is best in Port Macquarie for your requirements. Basically, you have 3 options for who to turn to.

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

Another option you may think of is your accountant - they are incredibly useful and vital to the process of running your business, but for the most part, when you are thinking about Bankruptcy, your accountant won't be much help to you anymore.

Your best bet? A Financial Counsellor that can talk about debt consolidation, personal insolvency agreements, and pretty much all you should know 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 consult with Bankruptcy Experts Port Macquarie on 1300 795 575, or visit our website:bankruptcyexpertsPortmacquarie.com.au.