Bankruptcy in Maitland - Are you going to get bitten?

When people in Maitland 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 discover one last sunset before he passes away. The boy was reluctant, but the rattlesnake vowed not to bite him in exchange for the ride. They journeyed together only for the snake to in the end bite the boy despite his vow not to do so. The snake's reply was 'You knew what I was when you picked me up.

Obtaining the right financial advice in Maitland when it relates to Bankruptcy is a lot like that little boy's encounter, fraught with risk and danger, and usually skewed for the benefit of the person offering the advice. Often you'll get bitten unless you know what you've picked up before you move forward (avoid the rattlesnakes). I learned the problem with receiving financial advice as a teenager, and it has been key to Bankruptcy. I'd been working hard for a few years, and saved up a little bit of money I wanted to invest. It was the early 1980s so interest rates were fairly high and investing your money was quite profitable. I spent a few years researching many different investment options, and I went to visit a few financial advisors. It was transparent 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 solutions. What hit me was that they all had a truly different idea of what I should do. This baffled me so much that it put me off the whole idea of picking any of them.

I'm sure by now you have read more than enough on the internet to be totally overwhelmed about Bankruptcy and precisely what to do. It would probably be easier for me to help you comprehend the nature of the financial snakes you might be grabbing while you are trying to get to the bottom of your financial troubles in Maitland. Basically, you have to try and comprehend what your overarching options are, do your own research into where to proceed with your strategy for Bankruptcy, and after that approach the things you feel is best in Maitland for your requirements. Essentially, you have 3 options for who to turn to.

The first option is a Solicitor - This may feel like the go-to approach when you appear to be in trouble. But there certainly is only just so much aid they can give on this matter. There are certainly specialist legal advisors in bankruptcy, but their expertise features a hefty price.

Another option you may think of is your accountant - they are incredibly useful and vital to the process of managing your business, but for the most part, when you are thinking of Bankruptcy, your accountant won't be much help to you any longer.

Your best option? A Financial Counsellor that can talk about debt consolidation, personal insolvency agreements, and virtually all you should figure out when it comes to Bankruptcy.

If you would like to find out 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 Maitland on 1300 795 575, or visit our website:bankruptcyexpertsMaitland.com.au.