Case study

How Simone resolved her failed business debts and cut repayments by 50%

Informal Agreement
Initial debt
$33,000
Outcome
50% reduction
in repayments

Key results at a glance

Results that speak for themselves
$33,000
Total debt managed
$810
Saved per fortnight
50%
Reduction in repayments

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

After assessing Simone’s goals – specifically her desire to avoid formal insolvency – we implemented a Personal Informal Agreement.

Comprehensive financial assessment

We evaluated Simone’s specific income in sales and marketing and her $33,000 debt spread across the five creditors.

Practical guidance

We provided a clear, non-judgemental overview of how a Personal Informal Agreement could address her business debts cleanly.

Tailored solutions

We negotiated directly with all her creditors, including the ATO, to agree on a significantly reduced repayment plan that fit her budget.

Complete transparency

We ensured Simone understood the terms of the new agreement and the exact timeline for clearing her debts.

Why this approach worked

Getting started is easy and straightforward

Reason 1

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.

Reason 2

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.

Before
After
Improvement
Fortnightly repayments
$1,570
$760
$810 saved per fortnight
Number of payments
5 separate accounts
1 consolidated plan
Simplified financial management
ATO debt status
Outstanding & unmanaged
Included in active plan
Resolved business liabilities
Financial pressure
Critical / unsustainable
Managed & affordable
50% reduction in outgoings

Additional benefits

A comprehensive approach to your financial recovery

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

Why choose Revive Financial?

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What our customers are saying

Easy stress free handling at such a stressful time

Desmond
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Professional and polite. Quiet relief that someone understands, I was surprised. I guess we all think we are the only ones struggling buta bit of empathy helps alot.

Emiel van de Kar
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My experience with Revive Financial was very positive. Warranee was understanding, professional, and genuinely supportive. They explained everything clearly, kept communication open, and helped me feel more confident about getting back on track financially. I appreciated their respectful and non-judgmental approach, and I would recommend them to anyone needing financial guidance and support.

Anonymous
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Great service and very helpful

Steven
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I had an excellent experience with Revive Financial from start to finish. The team was professional, knowledgeable, and genuinely committed to helping me improve my financial situation. They took the time to explain everything clearly, answered all my questions, and tailored a solution that suited my needs rather than offering a one-size-fits-all approach. What stood out most was their transparency and support throughout the process — I always felt informed and confident in the decisions being made. Thanks to Revive Financial, I’m now in a much stronger and more stable position financially. I highly recommend their services to anyone looking for trustworthy and effective financial guidance. Thank you TEAM ❤️

Dragana
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I'm finding less stress & anxiety for the past few weeks since revive financial has taken on board my financial situation. Appreciate transparency & customer service

K5 Tafea
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Great service! Able to help me understand every point, and made the process super simple

Ethan
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Fantastic job and great communication

Shaun
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Very helpful professional and kind, caring and understanding

Cherie
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I’ve had a great experience with Revive. Working with Connie consolidating unmanageable debt has given me peace of mind and an easy way to manage the stress of having manage a variety of debt.

Anonymous
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Nick has been amazing in his guidance, advice and support. My case was actioned quickly and the process was smooth and uncomplicated. I would have no hesitation in recommending Revive Financial – high level of professionalism

Anonymous
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Annette was absolutely amazing, very helpful throughout this experience. She always spoke respectfully and made sure I understood everything before proceeding. Thank you Annette for all the help and support

Jakob
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Anette was amazing, very helpful, polite and understanding. Anette explained everything and always there if I needed anything.

Anonymous
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Very helpful fantastic service 👏

Michael
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Google

Excellent customer service and really helpful and knowledgeable advice

Andrew Target
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Ben and team are easy to talk to no judgement And a great help

Cengiz
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Great to deal with friendly people if I had any questions they answered them right away

Anonymous
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Revive financial have been amazing from start to finish of my agreement. At first I hesitated to do the agreement but it has helped me so much. A special mention to my service specialist May who has been nothing but supportive and there throughout most of my debt agreement. Highly recommend Revive Financial

Anonymous
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Would refer others in need to use

Anonymous
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Very helpful and informative through the whole process

Anonymous
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