Bankruptcy in Mackay and how to avoid getting bitten.

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Bankruptcy in Mackay and how to avoid getting bitten.

When people in Mackay ask me about Bankruptcy, I love telling them about the classic Native American Myth of the little boy and the Rattlesnake. An old rattlesnake wants a passing young boy to bring him to the top of the mountain to see one last sunset before he passes away. The boy was hesitant, but the rattlesnake pledged not to bite him in exchange for the ride. They travelled with each other only for the snake to ultimately bite the boy despite 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.


Securing the best financial help in Mackay with Bankruptcy is a whole lot like that little boy’s journey, full of risk and danger, and usually skewed for the advantage of the person giving the advice. For the most part you’ll get bitten unless you know what you have actually picked up long before you move on (stay away from the rattlesnakes). I discovered the dilemma with getting financial advice as a young adult, and it has been essential to Bankruptcy. I ‘d been working really hard for a couple of years, and saved up a small sum of money I wanted to invest. It was the early 1980s so interest rates were generally fairly high and investing your money was quite financially successful. I spent a few years exploring various investment options, and I went to see a few financial advisors. It was clear that they had more money than I did: they had nice suits and plush offices, they all seemed to exhibit confidence and have all the solutions. What struck me was that they all had a really different idea of what I should do. This puzzled me so much that it put me off the whole idea of picking any of them.

I’m sure that you have learnt more than enough on the internet to be totally puzzled about Bankruptcy and just exactly what to do. It would probably be simpler for me to help you take in the nature of the financial snakes you may be taking hold of while you are trying to get to the bottom of your financial issues in Mackay. Essentially, you need to try and find out what your overarching choices are, do your very own investigation into where to continue with your strategy for Bankruptcy, then approach what you feel is best in Mackay for your needs. Generally, you have 3 options for who to choose.

The first choice is a Solicitor– This may appear like the go-to choice when you seem to be in trouble. But certainly there is only just so much support they can offer on this issue. There are definitely specialist legal advisors in personal bankruptcy, but their experience comes with a hefty price.

Another possibility you may think about is your accountant– they are incredibly 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 much help to you any longer.

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

If you would like to find out more about what to do, where to turn and what issues to ask about Bankruptcy, then feel free to speak with Bankruptcy Experts Mackay on 1300 795 575, or visit our website:

By | 2016-10-07T00:30:37+00:00 October 7, 2016|Article, bankruptcy, blog|