Going Bankrupt in Gold Coast – Are you going to get bitten?


When people in Gold Coast ask me about Going Bankrupt, I let them know 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 view 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 in the end attack the boy despite his assurance 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 Gold Coast when it relates to Going Bankrupt is a whole lot like that little boy’s experience, laden with risk and danger, and typically skewed for the benefit of the person supplying the advice. Often you’ll get bitten except if 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 fundamental to Going Bankrupt. I’d been keeping my nose to the grindstone 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 fairly high and investing your money was rather profitable. I spent some time researching different investment options, and I went to visit a few financial advisors. It was crystal clear that they had more money than I did: they had nice suits and plush offices, they all appeared to exude confidence and have all the solutions. What struck me was that they all had a very different idea of what I should do. This frustrated me a lot that it put me off the entire idea of choosing any of them.

I’m sure currently you have read more than enough on the internet to be totally overwhelmed about Going Bankrupt and precisely what to do. It would probably be easier for me to help you learn about the nature of the financial snakes you could be picking up while you are attempting to get to the bottom of your financial troubles in Gold Coast. Basically, you have to try and comprehend what your overarching alternatives are, do your own research into where to proceed with your plan for Going Bankrupt, and then approach what you feel is best in Gold Coast for your needs. Essentially, you have 3 options for who to turn to.

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

Another possibility you may consider is your accountant – they are incredibly helpful and vital to the process of operating your business, but for the most part, when you are thinking of Going Bankrupt, your accountant won’t be much help to you at all.

Your best option? A Financial Counsellor that can outline debt consolidation, personal insolvency agreements, and basically all you should understand when it comes to Going Bankrupt.

If you wish to find out more about what to do, where to turn and what questions to ask about Going Bankrupt, then feel free to consult with Gold Coast Bankruptcy Centre on 1300 795 575, or visit our website: WWW.goldcoastbankruptcycentre.com.au.