Bankruptcy in Alice Springs and how to avoid getting bitten.

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Bankruptcy in Alice Springs and how to avoid getting bitten.

When people in Alice Springs ask me about Bankruptcy, I tell them the classic Native American Fairy tale of the small boy and the Rattlesnake. An old rattlesnake talks to a passing young boy to carry him to the mountain peak to see one last sunset before he passes away. The boy was unsure, but the rattlesnake promised not to bite him in exchange for the trip. They travelled side by side only for the snake to inevitably 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.

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Finding the ideal financial help in Alice Springs with Bankruptcy is a great deal like that little boy’s journey, chock full of risk and peril, and usually manipulated for the benefit of the individual providing the advice. For the most part you’ll get bitten unless you know what you have actually picked up long before you move forward (keep away from the rattlesnakes). I discovered the trouble with getting financial advice as a teenager, and it has definitely been essential to Bankruptcy. I ‘d been working really hard for a few years, and saved up a modest amount of money I chose to invest. It was the early 1980s so interest rates were generally fairly high and investing your money was quite rewarding. I spent a few years reading up on various investment possibilities, and I went to visit a few financial advisors. It was very clear that these guys 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 very different idea of 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 online to be totally puzzled about Bankruptcy and just exactly what to do. It would probably be less troublesome for me to help you appreciate the nature of the financial snakes you may be grasping while you are trying to get to the bottom of your financial problems in Alice Springs. Basically, you have to try and determine what your overarching alternatives are, do your very own research into where to proceed with your plan for Bankruptcy, and then approach what you feel is best in Alice Springs for your needs. Ultimately, you have 3 choices for who to turn to.

The first choice is a Solicitor– This may look like the go-to choice when you appear to be in trouble. But certainly there is only just so much support they can offer on this issue. There are certainly specialist legal experts in personal bankruptcy, but their experience comes with a hefty price.

Another possibility you may think about is your accountant– they are very 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 outline debt consolidation, personal insolvency agreements, and pretty much all you need to know when it concerns Bankruptcy.

If you wish to learn more about what to do, where to turn and what questions to ask about Bankruptcy, then feel free to speak with Bankruptcy Experts Alice Springs on 1300 795 575, or check out our website: www.bankruptcyexpertsalicesprings.com.au.

By | 2016-10-06T02:12:25+00:00 October 6th, 2016|article, blog, brankrupt|0 Comments

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