When people Cairns ask me about Bankruptcy,
I tell them the timeless Native American Fable of the little boy and the
Rattlesnake. An old rattlesnake asks a passing young boy to carry him to the mountain
top to see one last sunset before he passes away. The boy was hesitant, but the
rattlesnake vowed not to bite him in exchange for the ride. They journeyed
together only for the snake to ultimately attack the boy despite his vow not to
do so. The snake's answer was 'You knew what I was when you picked me up.'.
Asking for the right financial advice in
Cairns when it concerns Bankruptcy is a great deal like that little boy's
experience, filled with risk and danger, and generally skewed for the benefit
of the person providing the advice. In most cases you'll get bitten except if
you know what you've picked up long before you move forward (avoid the
rattlesnakes). I learned the problem with obtaining financial advice as a
teenager, and it has been vital to Bankruptcy. I'd been working hard for a few
years, and saved up a small amount of money I wanted to invest. It was the
early 1980s so interest rates were pretty high and investing your money was
quite profitable. I spent a few years researching different investment options,
and I went to visit a few financial advisors. It was obvious that they had more
money than I did: they had nice suits and plush offices, they all seemed to
exude confidence and have all the answers. What hit me was that they all had a
really different strategy of what I should do. This frustrated me so much that
it put me off the entire idea of choosing any of them.
I'm sure by now you have read enough on the
internet to be totally confused about Bankruptcy and exactly what to do. It would
most likely be easier for me to help you understand the nature of the financial
snakes you could be grasping while you are attempting to get to the bottom of
your financial issues in Cairns. Essentially, you have to try and understand
what your overarching options are, do your own research into where to proceed
with your strategy for Bankruptcy, and then approach just what you feel is best
in Cairns for your needs. Essentially, you have 3 options for who to turn to.
The first option is a Solicitor - This may
look like the go-to possibility when you seem to be in trouble. But generally
there is only so much support they can give on this matter. There are
definitely specialist legal advisors in bankruptcy, but their experience
includes a hefty price.
Another option you may think about is your
accountant - they are incredibly helpful and vital to the process of operating
your business, but for the most part, when you are thinking about Bankruptcy,
your accountant won't be much help to you at all.
Your best option? A Financial Counsellor
that can outline debt consolidation, personal insolvency agreements, and
basically all you need to know when it comes to Bankruptcy.
If you want to learn more about what to do,
where to turn and what questions to ask about Bankruptcy, then feel free to get
in touch with Bankruptcy Experts Cairns on 1300 795 575, or visit our website:
www.bankruptcyexpertsCairns.com.au.
