Bankruptcy in Frankston and how to avoid getting bitten.

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Bankruptcy in Frankston and how to avoid getting bitten.

When people in Frankston ask me about Bankruptcy, I tell them the traditional Native American Myth of the little boy and the Rattlesnake. An old rattlesnake wants a passing young boy to carry him to the top of the mountain to see one last sunset before he dies. The boy was cautious, but the rattlesnake pledged not to bite him in exchange for the lift. They journeyed side by side only for the snake to eventually bite the boy even with 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.

Getting the best financial advice in Frankston with Bankruptcy is a great deal similar to that small boy’s journey, stuffed with risk and peril, and usually manipulated for the advantage of the individual supplying the advice. In many cases you’ll get bitten unless you understand what you have actually picked up long before you continue (keep away from the rattlesnakes). I discovered the issue with getting financial advice as a teenager, and it has been key to Bankruptcy. I ‘d been working really hard for a couple of years, and saved up a modest amount of money I wanted to invest. It was the early 1980s so interest rates were fairly high and investing your money was quite lucrative. I spent a few years reading up on various investment possibilities, and I went to check out a few financial advisors. It was clear that they had more money than I did: they had nice suits and lush offices, they all seemed to give off 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 read more than enough on the internet to be totally puzzled about Bankruptcy and just exactly what to do. It would most likely be much simpler for me to help you take in the nature of the financial snakes you could be taking hold of while you are trying to get to the bottom of your financial problems in Frankston. Generally, you need to try and find out what your overarching choices are, do your own investigation into where to push on with your strategy for Bankruptcy, and then approach what you feel is best in Frankston for your needs. Essentially, you have 3 options for who to turn to.

The first choice is a Solicitor– This may appear like the go-to option when you seem to be in trouble. But undoubtedly there is only so much support they can give on this matter. There are certainly specialist legal experts in personal 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 much support to you any longer.

Your best option? A Financial Counsellor that can detail debt consolidation, personal insolvency agreements, and pretty much all you have to know when it concerns 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 talk to Bankruptcy Experts Frankston on 1300 795 575, or go to our website: www.bankruptcyexpertsfrankston.com.au.

By | 2017-10-11T03:25:25+00:00 October 6th, 2016|Bankruptcy, Liquidation|0 Comments

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