Bankruptcy in Shepparton and how to avoid getting bitten.

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Bankruptcy in Shepparton and how to avoid getting bitten.

When people in Shepparton talk to me about Bankruptcy, I tell them the classic Native American Fable of the small boy and the Rattlesnake. An old rattlesnake implores 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 cautious, but the rattlesnake vowed not to bite him in exchange for the lift. They journeyed with each other only for the snake to ultimately bite the boy even after his promise not to do 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.

Getting the best financial advice in Shepparton with Bankruptcy is a whole lot similar to that little boy’s journey, chock full of risk and peril, and usually skewed for the advantage of the person offering the advice. Most of the time you’ll get bitten unless you understand what you have indeed picked up long before you move forward (keep away from the rattlesnakes). I learned the dilemma with getting financial advice as a teenager, and it has definitely been key to Bankruptcy. I ‘d been working hard for a number 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 rewarding. I spent a few years exploring various investment possibilities, and I went to check out a few financial advisors. It was clear that they had much more money than I did: they had good suits and posh offices, they all seemed to emanate confidence and have all the answers. What hit me was that they all had a very different concept of what I should do. This puzzled me so much that it put me off the whole idea of choosing any of them.

I’m sure that you have found out more than enough on the internet to be totally puzzled about Bankruptcy and really what to do. It would probably be easier for me to help you understand the nature of the financial snakes you might be grasping while you are trying to get to the bottom of your financial troubles in Shepparton. Essentially, you have to try and determine what your overarching options are, do your very own research into where to continue with your plan for Bankruptcy, and then approach what you feel is best in Shepparton for your needs. Generally, you have 3 choices for who to turn to.

The first option is a Solicitor– This may appear like the best prospect when you seem to be in trouble. But undoubtedly there is only so much support they can offer on this issue. There are definitely specialist legal experts in bankruptcy, but their experience comes with a hefty price.

Another possibility you may think about is your accountant– they are extremely 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 much help to you any longer.

Your best choice? A Financial Counsellor that can detail debt consolidation, personal insolvency agreements, and more or less all you need to know when it comes to Bankruptcy.

If you wish to find out more about what to do, where to turn and what issues to ask about Bankruptcy, then feel free to consult with Bankruptcy Experts Shepparton on 1300 795 575, or visit our website:

By | 2018-08-03T04:46:58+00:00 October 7th, 2016|Bankrupt, Liquidation|0 Comments

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