Bankruptcy in Lismore - Are you going to get bitten?

When people in Lismore ask me about Bankruptcy, I tell them the time-honored 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 view 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 went together only for the snake to ultimately attack the boy despite his assurance not to do so. The snake's answer was 'You knew what I was when you picked me up.

Obtaining the right financial advice in Lismore when it pertains to Bankruptcy is a lot like that little boy's encounter, laden with risk and danger, and generally skewed for the benefit of the individual giving the advice. Often you'll get bitten except if you know what you've picked up before you move forward (avoid the rattlesnakes). I learned the problem with getting 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 small amount of money I wanted to invest. It was the early 1980s so interest rates were fairly high and investing your money was rather profitable. I spent a long time researching many different 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 plush offices, they all seemed to exude confidence and have all the solutions. What hit me was that they all had a really different strategy of what I should do. This puzzled me so much that it put me off the whole idea of selecting any of them.

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

The first option is a Solicitor - This may look like the go-to approach when you seem to be in trouble. But there is only just so much support they can give on this matter. There are absolutely specialist legal advisors in bankruptcy, but their knowledge comes with a hefty price.

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

Your best bet? A Financial Counsellor that can outline debt consolidation, personal insolvency agreements, and basically all you should know when it comes to Bankruptcy.

If you want to find out more about what to do, where to turn and what questions to ask about Bankruptcy, then feel free to call Bankruptcy Experts Lismore on 1300 795 575, or visit our website: bankruptcyexpertsLismore.com.au.