How Simone resolved her failed business debts and cut repayments by 50%
Simone’s story
Simone
New South WalesAfter a business venture didn't go as planned, Simone was left juggling $33,000 in debt across five different creditors, including the ATO. Working full-time in sales and marketing, her minimum fortnightly repayments had reached an unmanageable $1,570. We helped her set up an Informal Agreement, cutting her repayments in half so she could resolve her business debts without further personal implications.
Age
31 years
Employment status
Full-time employed
Location
New South Wales
Household type
Single
Employment
Sales and marketing
The challenge
Despite working full-time, the financial hangover from a failed business left Simone trapped in an unmanageable and stressful debt cycle.
Failed business debt
A previous business venture left Simone solely responsible for $33,000 in liabilities, including a significant ATO debt.
Unmanageable repayments
Minimum fortnightly repayments of $1,570 were draining her single income and creating severe financial strain.
Multiple creditors
Managing payments across five different creditors became an overwhelming administrative burden.
Personal implications
The sheer volume of the business debt threatened her personal financial stability and future prospects.
The solution
Comprehensive financial assessment
Practical guidance
Tailored solutions
Complete transparency
Why this approach worked
Getting started is easy and straightforward
Significant repayment reduction
By establishing a Personal Informal Agreement, we successfully negotiated Simone’s fortnightly obligations down from $1,570 to just $760, instantly putting $810 back in her pocket every two weeks.
Simplified financial management
Instead of juggling five demanding creditors – including the ATO – Simone now makes a single, affordable payment, addressing her failed business debts without any further negative implications to her personally.
The result
Simone successfully executed a Personal Informal Agreement, experiencing immediate financial relief and peace of mind. The outcome provided a realistic, stress-free framework to manage her business and tax debts while halving her repayment burden.
Additional benefits
Avoided severe personal implications from past business debts
ATO debt effectively and safely managed alongside other creditors
Mental clarity and reduced financial stress
A clear, sustainable pathway to becoming completely debt-free
Keeping the workshop open
When COVID hit, John’s mechanic workshop suffered a severe downturn, leaving him with $113,000 in debt across seven creditors. Unable to refinance and determined to avoid bankruptcy to protect his business and family, we negotiated a 5-year Informal Agreement – reducing his debt by 20% into a single affordable payment plan, keeping his business running and his livelihood intact.
Securing interest-free debt relief
A brief period of unemployment left Amanda struggling to manage $30,000 in mixed debts, made worse by the rising cost of living. With no path to refinancing, we negotiated directly with her creditors to secure a 5-year Informal Agreement – removing all interest and reducing her total debt by 30% into a single $110 weekly payment.
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What our customers are saying
Very helpful consolidating my bills into one. Very happy with the final outcome of being debt free. They helped me make repayments more affordable.
Very happy with my outcome Nick was very helpful taking me step-by-step which made it very easy thank you Nick for helping me
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The staff at at Revive Financial were amazing and helped me through a very tough time. At any time where I needed information or just checking how everything was going, they were always so nice and understanding. My debt has been finalised and it feels great, the whole procedure was so easy and they took care of everything for me and I’m so grateful🙂
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Best decision I've ever made. I am finally debt free!! Thankyou for your ongoing support, I genuinely couldn't have done it without you. If you're looking for a sign, this is it.
When life become financially unfriendly ,it’s killing me mentally ,effecting my performance as professional and as person ,I decide to give myself free from this nasty creditor phone calls ,chasing me everyday with they nasty legal threats ,in the end of the day ,my mental wellbeing must come first , and worth more then any money in this world ! That’s why I take this consequences in order to give my self better success as soon as clear my self from this toxid debt collectors .
Amazing how simple the process was made Thank you Mason for taking the financial pressure of me
Amazing customer service! A special thank you to Annette for being so patient, understanding and supportive throughout the whole process. She took the time to answer all of my questions, explain everything clearly and made me feel comfortable every step of the way. I truly appreciate all of her help and support. Highly recommend! ❤️
From start to finish was very easy and straight forward. I appreciated all the help and would recommend your first port of call to revive financial for their help and guidance. Thank you all at Revive. Richard
