Bankruptcy in Newcastle - Are you going to get bitten?

When people in Newcastle ask me about Bankruptcy, I tell them the simple 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 reluctant, but the rattlesnake promised not to bite him in exchange for the ride. They journeyed together only for the snake to ultimately bite the boy despite his vow 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 Newcastle when it relates to Bankruptcy is a whole lot like that little boy's journey, laden with risk and danger, and typically skewed for the benefit of the person offering the advice. In most cases you'll get bitten unless you know what you've picked up long before you move forward (avoid the rattlesnakes). I learned the problem with obtaining financial advice as a teenager, and it has been necessary 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 very high and investing your money was quite profitable. I spent time researching a variety of investment options, and I went to visit a few financial advisors. It was transparent that they had more money than I did: they had good 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 strategy of what I should do. This frustrated me so much that it put me off the entire idea of selecting any of them.

I'm sure currently you have read more than enough on the internet to be totally mixed up 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 might be grabbing while you are attempting to get to the bottom of your financial problems in Newcastle. Essentially, you need to try and recognize what your overarching options are, do your own research into where to proceed with your plan for Bankruptcy, and after that approach the things you feel is best in Newcastle for your requirements. Essentially, you have 3 options for who to turn to.

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

Another alternative you may consider is your accountant - they are incredibly useful and vital to the process of operating 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 choice? A Financial Counsellor that can talk about debt consolidation, personal insolvency agreements, and virtually all you have 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 consult with Bankruptcy Experts Newcastle on 1300 795 575, or visit our website: www.bankruptcyexpertsNewcastle.com.au.