Bankruptcy in Adelaide and how to avoid getting bitten.

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Bankruptcy in Adelaide and how to avoid getting bitten.

When people in Adelaide talk to me about Bankruptcy, I love telling them about the classic Native American Tale of the little boy and the Rattlesnake. An old rattlesnake requests a passing young boy to carry him to the mountain peak to see one last sunset before he passes away. The boy was reluctant, but the rattlesnake vowed not to bite him in exchange for the lift. They travelled side by side only for the snake to ultimately bite the boy regardless his promise not to do 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 Adelaide with Bankruptcy is a great deal like that little boy’s journey, stuffed with risk and danger, and usually manipulated for the benefit 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 move forward (steer clear of the rattlesnakes). I discovered the challenge with getting financial advice as a young adult, and it has definitely been crucial to Bankruptcy. I ‘d been working hard for a number of years, and saved up a modest sum of money I chose 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 check out a few financial advisors. It was clear that these guys had more money than I did: they had nice suits and elegant offices, they all seemed to give off confidence and have all the solutions. What hit me was that they all had a really different idea of just what I should do. This puzzled me so much that it put me off the whole 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 precisely what to do. It would probably be easier for me to help you comprehend the nature of the financial snakes you could be taking hold of while you are attempting to get to the bottom of your financial issues in Adelaide. Basically, you have to try and determine what your overarching choices are, do your very own research into where to go ahead with your plan for Bankruptcy, then approach what you feel is best in Adelaide for your needs. Basically, you have 3 choices for who to look to.

The first option is a Solicitor– This may look like the best choice when you appear to be in trouble. But certainly there is only so much help they can offer on this issue. There are most definitely specialist legal advisors in bankruptcy, but their experience comes along with a hefty price.

Another possibility you may think of is your accountant– they are very 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 support to you any more.

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

If you want to find out more about what to do, where to turn and what issues to ask about Bankruptcy, then feel free to talk to Bankruptcy Experts Adelaide on 1300 795 575, or check out our website:

By | 2020-08-17T01:20:01+00:00 October 6th, 2016|bankrupt, blog|0 Comments

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