Bankruptcy Darwin,Bankrupt Darwin,Insolvency Darwin
June 28, 20160

Bankruptcy in Darwin – Are you going to get bitten?

Posted by:Bankruptcy Specialist onJune 28, 2016

When people in Darwin talk to me about bankruptcy, I love telling them about the traditional Native American Tale of the little boy and the Rattlesnake. An old rattlesnake demands a passing young boy to take him to the mountain top to see one last sunset before he passes away. The boy was hesitant, but the rattlesnake pledged not to bite him in exchange for the lift. They travelled with each other only for the snake to eventually bite the boy even after his promise not to bite him 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.

Getting the best financial advice in Darwin with bankruptcy is a lot like that small boy’s journey, full of risk and hazards, and usually manipulated for the advantage of the person giving the advice. For the most part you’ll get bitten unless you understand what you have actually picked up long before you proceed (steer clear of the rattlesnakes). I discovered the problem with getting financial advice as a teenager, and it has certainly been key to bankruptcy. I ‘d been working very hard for a few years, and saved up a small amount of money I chose to invest. It was the early 1980s so interest rates were fairly high and investing your money was quite profitable. I spent a few years exploring various investment possibilities, and I went to visit a few financial advisors. It was obvious that these guys had a lot more money than I did: they had good suits and posh offices, they all seemed to give off confidence and have all the answers. What struck me was that they all had a very different idea 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 read more than enough on the internet to be totally puzzled about bankruptcy and just exactly what to do. It would most likely be simpler for me to help you comprehend the nature of the financial snakes you may be grasping while you are aiming to get to the bottom of your financial issues in Darwin. Basically, you need to try and find out what your overarching choices are, do your very own research into where to go ahead with your strategy for bankruptcy, and after that approach what you feel is best in Darwin for your needs. Basically, you have 3 options for who to turn to.

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

Another option you may think of is your accountant– they are extremely 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 more or less all you need to know when it comes to bankruptcy.

If you would like 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 Darwin on 1300 818 575, or go to our website: www.bankruptcy-darwin.com.au.

Leave a Reply

Your email address will not be published. Required fields are marked *

Our Clients

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Fusce scelerisque nibh et neque faucibus suscipit. Sed auctor ipsum ut tellus faucibus tincidunt.

Copyright © 2016 Bankruptcy Darwin.