Bankruptcy in Kalgoorlie - Are you going to get bitten?

When people in Kalgoorlie 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 promised not to bite him in exchange for the ride. They travelled together only for the snake to in the end bite the boy despite his promise not to do so. The snake's answer was 'You knew what I was when you picked me up.

Getting the right financial advice in Kalgoorlie when it comes to Bankruptcy is a great deal like that little boy's journey, fraught with risk and danger, and generally skewed for the benefit of the person providing the advice. In most cases you'll get bitten unless you know what you've picked up before you move forward (avoid the rattlesnakes). I discovered the problem with getting financial advice as a teenager, and it has been fundamental 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 rather high and investing your money was quite profitable. I spent a few years researching assorted investment options, and I went to visit a few financial advisors. It was clear that they had more money than I did: they had great 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 a lot that it put me off the whole idea of picking any of them.

I'm sure currently you have read enough on the internet to be totally mixed up about Bankruptcy and just what to do. It would most likely be easier for me to help you comprehend the nature of the financial snakes you could be grasping while you are trying to get to the bottom of your financial concerns in Kalgoorlie. In essence, you have to try and understand what your overarching choices 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 Kalgoorlie for your needs. Essentially, you have 3 options for who to turn to.

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

Another choice you may think of is your accountant - they are incredibly helpful and vital to the task 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 talk about debt consolidation, personal insolvency agreements, and pretty much all you should figure out when it comes to Bankruptcy.

If you wish to find out more about what to do, where to turn and what questions to ask about Bankruptcy, then feel free to contact Bankruptcy Experts Kalgoorlie on 1300 795 575, or visit our website: www.bankruptcyexpertsKalgoorlie.com.au.