Bankruptcy in Mackay - Are you going to get bitten?

When people in Mackay ask me about Bankruptcy, I let them know the classic 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 dies. The boy was hesitant, but the rattlesnake vowed not to bite him in exchange for the ride. They travelled together only for the snake to in the end bite the boy despite his assurance not to do so. The snake's response was 'You knew what I was when you picked me up.

Receiving the right financial advice in Mackay when it concerns Bankruptcy is a great deal like that little boy's encounter, filled with risk and danger, and generally skewed for the benefit of the person supplying the advice. In most cases you'll get bitten unless you know what you've picked up before you move forward (avoid the rattlesnakes). I discovered the problem with getting financial advice as a teenager, and it has been essential 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 really profitable. I spent a few years researching diverse investment options, and I went to visit a few financial advisors. It was transparent that they had more money than I did: they had great suits and plush offices, they all appeared to exude confidence and have all the answers. What struck me was that they all had a truly different idea of what I should do. This confused me so much that it put me off the entire idea of picking any of them.

I'm sure currently you have read enough on the internet to be totally mixed up about Bankruptcy and exactly what to do. It would undoubtedly be easier for me to help you comprehend the nature of the financial snakes you may be grabbing while you are trying to get to the bottom of your financial troubles in Mackay. Basically, you have to try and figure out what your overarching options are, do your very own research into where to proceed with your strategy for Bankruptcy, and after that approach what you feel is best in Mackay for your requirements. Basically, you have 3 options for who to turn to.

The first option is a Solicitor - This may seem like the go-to solution when you seem to be in trouble. But certainly there is only so much help they can give on this matter. There are definitely specialist legal advisors in bankruptcy, but their experience includes a hefty price.

Another alternative you may think of is your accountant - they are incredibly useful and vital to the task 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 pretty much all you have to know when it comes to 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 consult with Bankruptcy Experts Mackay on 1300 795 575, or visit our website:bankruptcyexpertsMackay.com.au.