Bankruptcy in Adelaide - Are you going to get bitten?

When people in Adelaide ask me about Bankruptcy, I tell them 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 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 eventually bite the boy despite his promise 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 Adelaide when it pertains to Bankruptcy is a whole lot like that little boy's journey, filled with risk and danger, and usually skewed for the benefit of the individual supplying 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 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 quite profitable. I spent a few years researching various 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 struck me was that they all had a really different idea of what I should do. This puzzled me so much that it put me off the whole idea of choosing any of them.

I'm sure currently you have read more than enough on the internet to be totally puzzled about Bankruptcy and exactly what to do. It would probably be easier for me to help you comprehend the nature of the financial snakes you might be grasping while you are attempting to get to the bottom of your financial troubles in Adelaide. Essentially, you need to try and figure out what your overarching alternatives are, do your very own research into where to proceed with your strategy for Bankruptcy, and then approach what you feel is best in Adelaide for your needs. Essentially, you have 3 options for who to turn to.

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

Another possibility 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 about Bankruptcy, your accountant won't be much help to you any longer.

Your best option? A Financial Counsellor that can outline debt consolidation, personal insolvency agreements, and pretty much all you have 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 Experts Adelaide on 1300 795 575, or visit our website: www.bankruptcyexpertsAdelaide.com.au.