Bankruptcy in Gold Coast and how to avoid getting bitten.

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Bankruptcy in Gold Coast and how to avoid getting bitten.

When people in Gold Coast ask me about Bankruptcy, I love telling them about the classic Native American Fable of the small boy and the Rattlesnake. An old rattlesnake demands a passing young boy to bring him to the mountain peak to see one last sunset before he passes away. The boy was cautious, but the rattlesnake gave his word that he would not to bite him in exchange for the ride. They journeyed with each other only for the snake to ultimately bite the boy regardless 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.

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Getting the correct financial advice in Gold Coast with Bankruptcy is a whole lot similar to that little boy’s journey, chock full of risk and hazards, and usually skewed for the advantage of the individual giving the advice. In many cases you’ll get bitten unless you know what you have indeed picked up long before you continue (stay away from the rattlesnakes). I learned the dilemma with getting financial advice as a young adult, and it has definitely been key to Bankruptcy. I ‘d been working very hard for a number of years, and saved up a small sum of money I really wanted 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 investigating various investment options, and I went to check out a few financial advisors. It was clear that these guys had a lot more money than I did: they had nice suits and lush offices, they all seemed to emanate confidence and have all the answers. What hit me was that they all had a really different strategy of exactly 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 on the internet to be totally puzzled about Bankruptcy and precisely 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 aiming to get to the bottom of your financial troubles in Gold Coast. Basically, you have to try and determine what your overarching alternatives are, do your very own investigation into where to go ahead with your plan for Bankruptcy, and then approach what you feel is best in Gold Coast for your needs. In a nutshell, you have 3 options for who to look to.

The first choice is a Solicitor– This may look like the go-to option when you appear to be in trouble. But undoubtedly there is only so much help they can offer on this matter. There are absolutely specialist legal advisors in bankruptcy, but their experience comes along with a hefty price.

Another possibility you may consider is your accountant– they are incredibly 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 more or less all you have to know when it comes to Bankruptcy.

If you wish to learn more about what to do, where to turn and what issues to ask about Bankruptcy, then feel free to talk to Gold Coast Bankruptcy Centre on 1300 795 575, or check out our website:

By | 2018-01-23T05:19:54+00:00 October 11th, 2016|bankrupt, blog|0 Comments

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