Bankruptcy in Perth - Are you going to get bitten?

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

Acquiring the right financial advice in Perth when it concerns Bankruptcy is a great deal like that little boy's experience, laden with risk and danger, and usually skewed for the benefit of the individual presenting the advice. In many cases you'll get bitten except if you know what you've picked up long before you move forward (avoid the rattlesnakes). I discovered the problem with obtaining 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 pretty high and investing your money was really profitable. I spent a few years researching varying investment options, and I went to visit a few financial advisors. It was obvious that they had more money than I did: they had good 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 idea of what I should do. This baffled me so much that it put me off the entire idea of selecting any of them.

I'm sure currently you have read enough on the internet to be totally overwhelmed about Bankruptcy and precisely 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 attempting to get to the bottom of your financial issues in Perth. Essentially, you have to try and recognize what your overarching alternatives are, do your own research into where to proceed with your strategy for Bankruptcy, and after that approach just what you feel is best in Perth for your requirements. Essentially, you have 3 options for who to turn to.

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

Another solution you may think about is your accountant - they are incredibly helpful 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 anymore.

Your best option? A Financial Counsellor that can talk about debt consolidation, personal insolvency agreements, and virtually all you need to understand 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 contact Fresh Start Solutions Perth on 1300 818 575, or visit our website:freshstartsolutions.com.au/bankruptcy-Perth