When people in Darwin ask me about Bankruptcy, I love telling them about the classic Native American Myth of the little boy and the Rattlesnake. An old rattlesnake wants a passing young boy to bring him to the mountain top to see one last sunset before he passes away. The boy was hesitant, but the rattlesnake promised not to bite him in exchange for the lift. They journeyed side by side only for the snake to inevitably bite the boy even with 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.
Finding the correct financial help in Darwin with Bankruptcy is a great deal similar to that small boy’s journey, loaded with risk and danger, and usually skewed for the advantage of the person providing the advice. For the most part you’ll get bitten unless you know what you’ve picked up long before you move forward (steer clear of the rattlesnakes). I discovered the challenge with getting financial advice as a teenager, and it has definitely been key to Bankruptcy. I ‘d been working hard for a few years, and saved up a modest amount of money I chose to invest. It was the early 1980s so interest rates were generally fairly high and investing your money was quite rewarding. I spent a few years exploring various investment options, and I went to visit a few financial advisors. It was very clear that they had a lot more money than I did: they had nice suits and elegant offices, they all seemed to exude confidence and have all the solutions. What struck me was that they all had a very different idea of exactly what I should do. This puzzled me so much that it put me off the entire idea of deciding on any of them.
I’m sure that you have learnt more than enough online to be totally puzzled about Bankruptcy and exactly what to do. It would probably be simpler for me to help you understand the nature of the financial snakes you could be taking hold of while you are trying to get to the bottom of your financial issues in Darwin. Basically, you have to try and find out what your overarching options are, do your very own research into where to push on with your strategy for Bankruptcy, then approach what you feel is best in Darwin for your needs. In a nutshell, you have 3 choices for who to choose.
The first choice is a Solicitor– This may look like the go-to choice when you seem to be in trouble. But certainly there is only just so much help they can offer on this issue. There are most definitely specialist legal advisors in bankruptcy, but their experience comes with a hefty price.
Another possibility you may think of is your accountant– they are very 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 help to you any longer.
Your best choice? A Financial Counsellor that can detail debt consolidation, personal insolvency agreements, and basically all you have to know when it concerns Bankruptcy.
If you wish to figure out more about what to do, where to turn and what issues to ask about Bankruptcy, then feel free to consult with Bankruptcy Experts Darwin on 1300 795 575, or go to our website: www.bankruptcyexpertsdarwin.com.au.