Bankruptcy in Cairns - Are you going to get bitten?

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.