When people in Melbourne ask me about Bankruptcy, I tell them the traditional Native American Parable of the small boy and the Rattlesnake. An old rattlesnake wants a passing young boy to carry him to the mountain top to see one last sunset before he dies. The boy was reluctant, but the rattlesnake vowed not to bite him in exchange for the trip. They journeyed side by side only for the snake to ultimately bite the boy even with his promise not to 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.

Bankruptcy Melbourne, Insolvency Melbourne, Declaring Bankruptcy MelbourneFinding the best financial help in Melbourne with Bankruptcy is a lot like that little boy’s journey, full of risk and peril, and usually manipulated for the advantage of the individual giving the advice. For the most part you’ll get bitten unless you understand what you’ve picked up long before you proceed (steer clear of the rattlesnakes). I learned the complication with getting financial advice as a young adult, and it has actually been key to Bankruptcy. I ‘d been working really hard for a couple of years, and saved up a modest sum of money I really wanted to invest. It was the early 1980s so interest rates were fairly high and investing your money was quite lucrative. I spent a few years reading up on various investment possibilities, and I went to visit a few financial advisors. It was clear that they had a lot more money than I did: they had good suits and lush 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 exactly 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 learnt more than enough on the internet to be totally puzzled about Bankruptcy and precisely what to do. It would most likely be less troublesome for me to help you appreciate the nature of the financial snakes you could be grasping while you are aiming to get to the bottom of your financial problems in Melbourne. Generally, you have to try and find out what your overarching choices are, do your own investigation into where to move on with your strategy for Bankruptcy, and then approach what you feel is best in Melbourne for your needs. Essentially, you have 3 choices for who to choose.

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

Another option you may consider is your accountant– they are extremely 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 more.

Your best option? A Financial Counsellor that can outline debt consolidation, personal insolvency agreements, and more or less all you need to know when it involves Bankruptcy.

If you want to figure out more about what to do, where to turn and what questions to ask about Bankruptcy, then feel free to speak with Bankruptcy Melbourne on 1300 795 575, or check out our website: Bankrupt Melbourne