Bankruptcy in Cairns and how to avoid getting bitten.

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Bankruptcy in Cairns and how to avoid getting bitten.

When people in Cairns ask me about Bankruptcy, I tell them the traditional Native American Myth of the small boy and the Rattlesnake. An old rattlesnake talks to a passing young boy to bring him to the mountain top to see one last sunset before he passes away. The boy was unsure, but the rattlesnake gave his word that he would not to bite him in exchange for the trip. They journeyed with each other only for the snake to inevitably bite the boy even with his promise not to do so. The snake’s reaction 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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Acquiring the ideal financial help in Cairns with Bankruptcy is a whole lot like that little boy’s journey, filled with risk and danger, and usually manipulated for the advantage of the person offering the advice. In many cases you’ll get bitten unless you know what you have really picked up long before you move on (stay away from the rattlesnakes). I learned the complication with getting financial advice as a young adult, and it has certainly been crucial to Bankruptcy. I ‘d been working hard for a couple of years, and saved up a small sum of money I chose to invest. It was the early 1980s so interest rates were generally fairly high and investing your money was quite profitable. I spent a few years researching various investment possibilities, and I went to check out a few financial advisors. It was obvious that they had much more money than I did: they had nice suits and posh offices, they all seemed to emanate confidence and have all the solutions. What struck me was that they all had a really different strategy of just what I should do. This puzzled me so much that it put me off the entire idea of going with 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 most likely be much easier for me to help you appreciate the nature of the financial snakes you may be grasping while you are attempting to get to the bottom of your financial troubles in Cairns. Basically, you need to try and find out what your overarching options are, do your very own investigation into where to proceed with your plan for Bankruptcy, then approach what you feel is best in Cairns for your needs. Basically, you have 3 options for who to choose.

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

Another option you may consider 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 detail debt consolidation, personal insolvency agreements, and pretty much all you have to know when it involves Bankruptcy.

If you wish to find out more about what to do, where to turn and what questions to ask about Bankruptcy, then feel free to talk to Bankruptcy Experts Cairns on 1300 795 575, or check out our website: www.bankruptcyexpertscairns.com.au.

By | 2016-10-06T02:49:30+00:00 October 6th, 2016|Bankruptcy, blog|0 Comments

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