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June 28, 20160

Bankruptcy in Cairns – Are you going to get bitten?

Posted by:Bankruptcy Specialist onJune 28, 2016

When people in Cairns ask me about bankruptcy, I love telling them about the traditional Native American Fable of the little boy and the Rattlesnake. An old rattlesnake talks to a passing young boy to bring him to the mountain peak to see one last sunset before he passes away. The boy was skeptical, but the rattlesnake vowed not to bite him in exchange for the trip. They journeyed with each other only for the snake to eventually bite the boy regardless 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.

Acquiring the best financial help in Cairns with bankruptcy is a great deal similar to that small boy’s journey, filled with risk and danger, and usually skewed for the advantage of the individual supplying the advice. Most of the time you’ll get bitten unless you know what you’ve picked up long before you move forward (steer clear of the rattlesnakes). I learned the issue with getting financial advice as a teenager, and it has been crucial to bankruptcy. I ‘d been working very hard for a few years, and saved up a modest sum of money I chose to invest. It was the early 1980s so interest rates were fairly high and investing your money was quite rewarding. I spent a few years researching various investment possibilities, and I went to see a few financial advisors. It was very clear that these guys had a lot more money than I did: they had nice suits and luxurious offices, they all seemed to give off confidence and have all the solutions. What struck me was that they all had a really different idea of exactly what I should do. This puzzled me so much that it put me off the whole idea of deciding on any of them.

I’m sure that you have learnt more than enough on the internet to be totally puzzled about bankruptcy and exactly what to do. It would probably be simpler for me to help you comprehend the nature of the financial snakes you might be taking hold of while you are trying to get to the bottom of your financial problems in Cairns. Generally, you need to try and figure out what your overarching alternatives are, do your own research into where to proceed with your plan for bankruptcy, then approach what you feel is best in Cairns for your needs. Generally, you have 3 choices for who to choose.

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

Another possibility you may consider 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 option? A Financial Counsellor that can outline debt consolidation, personal insolvency agreements, and all you need to know when it concerns 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 speak with Bankruptcy Cairns on 1300 818 575, or visit our website: www.bankruptcy-cairns.com.au.

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Bankruptcy Advice Dandenong,Bankrupt Coffs Dandenong,Bankruptcy Dandenong
Bankruptcy Advice Dandenong,Bankrupt Coffs Dandenong,Bankruptcy Dandenong
Bankruptcy Advice Dandenong,Bankrupt Coffs Dandenong,Bankruptcy Dandenong
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