Going Bankrupt in Rockingham – Are you going to get bitten?


When people in Rockingham ask me about Going Bankrupt, I tell them the time-honoured 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 in the end bites the boy despite his vow not to do so. The snake’s response was ‘You knew what I was when you picked me up.’

Getting the right financial advice in Rockingham when it pertains to Going Bankrupt is a lot like that little boy’s experience, laden with risk and danger, and typically skewed for the benefit of the individual offering the advice. In most cases you’ll get bitten except if you know what you’ve picked up before you move forward (avoid the rattlesnakes). I learned the problem with obtaining financial advice as a teenager, and it has been central to Going Bankrupt. 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 quite high and investing your money was very profitable. I spent time researching a variety of 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 appeared to exude confidence and have all the solutions. What struck me was that they all had a very different strategy of what I should do. This confused me so much that it put me off the whole idea of picking any of them.

I’m sure by now you have read enough on the internet to be totally overwhelmed about Going Bankrupt and exactly what to do. It would undoubtedly be easier for me to help you learn about the nature of the financial snakes you may be picking up while you are trying to get to the bottom of your financial problems in Rockingham. Essentially, you need to try and recognize what your overarching options are, do your very own research into where to proceed with your plan for Going Bankrupt, and then approach the things you feel is best in Rockingham for your requirements. Basically, you have 3 options for whom to turn to.

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

Another option you may consider is your accountant – they are incredibly useful and vital to the process of running your business, but for the most part, when you are considering Going Bankrupt, your accountant won’t be much help to you anymore.

Your best choice? A Financial Counsellor that can talk about debt consolidation, personal insolvency agreements, and pretty much all you need to know 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 Bankruptcy Experts Rockingham on 1300 795 575, or visit our website: WWW.bankruptcyexpertsRockingham.com.au.