Bankruptcy in Mildura and how to avoid getting bitten.

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Bankruptcy in Mildura and how to avoid getting bitten.

When people in Mildura ask me about Bankruptcy, I tell them the classic Native American Parable of the small boy and the Rattlesnake. An old rattlesnake implores a passing young boy to take him to the mountain top to see one last sunset before he passes away. The boy was nervous, but the rattlesnake swore 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 bite him so. The snake’s response 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 advice in Mildura with Bankruptcy is a lot like that small boy’s journey, filled with risk and danger, and usually skewed for the advantage of the person providing the advice. In most cases you’ll get bitten unless you know what you have actually picked up long before you move on (keep away from the rattlesnakes). I learned the problem with getting financial advice as a young adult, and it has been key to Bankruptcy. I ‘d been working very hard for a number of years, and saved up a small amount of money I really wanted to invest. It was the early 1980s so interest rates were generally fairly high and investing your money was quite lucrative. I spent a few years investigating various investment options, and I went to visit a few financial advisors. It was obvious that they had much more money than I did: they had good suits and plush offices, they all seemed to emanate confidence and have all the solutions. What struck 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 entire idea of picking any of them.

I’m sure that you have read more than enough online to be totally puzzled about Bankruptcy and exactly what to do. It would probably be less troublesome for me to help you appreciate the nature of the financial snakes you may be grasping while you are trying to get to the bottom of your financial troubles in Mildura. Basically, you have to try and determine what your overarching alternatives are, do your own investigation into where to continue with your plan for Bankruptcy, then approach what you feel is best in Mildura for your needs. Generally, you have 3 options for who to look to.

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

Another possibility you may think about 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 much help to you any longer.

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

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

By |2018-07-26T04:32:19+00:00October 7th, 2016|Articles, bankruptcy, blog|0 Comments

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