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June 28, 20160

Bankruptcy in Frankston and How to Avoid Getting Bitten

Posted by:Bankruptcy Specialist onJune 28, 2016

When people in Frankston ask me about bankruptcy, I tell them the traditional Native American Fable of the little boy and the Rattlesnake. An old rattlesnake wants a passing young boy to bring him to the top of the mountain to see one last sunset before he dies. The boy was unsure, but the rattlesnake pledged not to bite him in exchange for the trip. They journeyed together only for the snake to eventually bite the boy even with his promise not to do so. The snake’s response 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.

Finding the ideal financial help in Frankston with bankruptcy is a great deal like that small boy’s journey, packed with risk and danger, and usually skewed for the benefit of the person offering the advice. For the most part you’ll get bitten unless you understand what you’ve picked up long before you begin (keep away from the rattlesnakes). I learned the complication with getting financial advice as a teenager, and it has certainly been essential to bankruptcy. I ‘d been working hard for a few years, and saved up a modest amount of money I wanted to invest. It was the early 1980s so interest rates were generally fairly high and investing your money was quite lucrative. I spent a few years looking into various investment options, and I went to visit a few financial advisors. It was clear that they had more money than I did: they had nice suits and elegant offices, they all seemed to emanate confidence and have all the solutions. What hit 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 going with any of them.

I’m sure that you have learnt more than enough online to be totally puzzled about bankruptcy and just exactly what to do. It would most likely be much easier for me to help you take in the nature of the financial snakes you might be taking hold of while you are aiming to get to the bottom of your financial troubles in Frankston. Generally, you have to try and determine what your overarching choices are, do your very own investigation into where to press on with your strategy for bankruptcy, then afterwards approach what you feel is best in Frankston for your needs. In a nutshell, you have 3 options for who to turn to.

The first choice is a Solicitor– This may appear like the best prospect when you appear to be in trouble. But undoubtedly there is only just so much help they can provide on this issue. There are definitely specialist legal advisors in bankruptcy, but their experience comes along 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 very much help to you any more.

Your best option? A Financial Counsellor that can detail debt consolidation, personal insolvency agreements, and all you need to know when it involves bankruptcy

If you would like to figure out more about what to do, where to turn and what issues to ask about bankruptcy, then feel free to talk to Bankruptcy Frankston on 1300 818 575, or visit our website:

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