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October 6, 2016Comments Closed

Bankruptcy in Bendigo and how to avoid getting bitten.

Posted by:Bankruptcy Specialist onOctober 6, 2016

When people in Bendigo talk to me about Bankruptcy, I tell them the traditional Native American Tale of the little boy and the Rattlesnake. An old rattlesnake implores a passing young boy to carry him to the mountain top to see one last sunset before he dies. The boy was unsure, but the rattlesnake swore not to bite him in exchange for the trip. They journeyed together only for the snake to ultimately bite the boy even after his promise not to so. The snake’s reply 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 best financial advice in Bendigo with Bankruptcy is a lot like that little boy’s journey, loaded with risk and hazards, and usually skewed for the advantage of the person giving the advice. In many cases you’ll get bitten unless you know what you have actually picked up long before you begin (stay away from the rattlesnakes). I discovered the challenge with getting financial advice as a young adult, and it has definitely been essential to Bankruptcy. I ‘d been working hard for a couple of years, and saved up a modest amount of money I really wanted to invest. It was the early 1980s so interest rates were actually fairly high and investing your money was quite lucrative. I spent a few years researching various investment options, and I went to see a few financial advisors. It was clear that these guys had more money than I did: they had good suits and lush offices, they all seemed to project confidence and have all the solutions. What hit me was that they all had a very different strategy of just 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 online to be totally puzzled about Bankruptcy and just exactly what to do. It would most likely be much easier for me to help you comprehend the nature of the financial snakes you could be grasping while you are attempting to get to the bottom of your financial problems in Bendigo. Generally, you need to try and figure out what your overarching alternatives are, do your own research into where to continue with your plan for Bankruptcy, and after that approach what you feel is best in Bendigo for your needs. Ultimately, you have 3 choices for who to turn to.

The first choice is a Solicitor– This may look like the go-to chance when you appear to be in trouble. But certainly there is only just so much help they can give on this issue. There are most definitely specialist legal experts in personal 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 help to you any more.

Your best option? A Financial Counsellor that can detail debt consolidation, personal insolvency agreements, and basically 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 talk to Bankruptcy Experts Bendigo on 1300 818 575, or go to our website: www.bankruptcyexpertsbendigo.com.au.

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bankruptcy experts,bankruptcy advice free,Bankruptcy Bendigo,Bankrupt Bendigo,Insolvency Bendigo
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