How Leigh wiped $45,000 in debt and kept his home
Key results at a glance
Leigh’s story
Leigh
VictoriaAfter placing his company into liquidation, Leigh was left with $60,000 in debt and faced losing his home and vehicle. We facilitated a bankruptcy solution with a deed of forbearance, allowing him to make affordable payments while protecting his assets.
Age
Unspecified
Employment status
Unemployed
Location
Victoria
Household type
Unspecified
Employment
Former business owner
The challenge
Despite his hard work as a business owner, the liquidation of his company left Leigh trapped in an unmanageable financial situation with his most valuable assets on the line.
Business liquidation
The closure of his company abruptly halted his standard income and left him solely responsible for $60,000 in lingering debt.
Asset risk
He faced the immediate and severe threat of having his primary residence and vehicle seized by creditors.
Limited equity
With less than $10k in home equity, finding standard refinancing or consolidation loans was virtually impossible.
Financial uncertainty
Without a clear path forward, the sheer volume of debt and threat of asset loss created an overwhelming burden.
The solution
Comprehensive financial assessment
Practical guidance
Tailored solutions
Complete transparency
Why this approach worked
Getting started is easy and straightforward
Massive debt reduction
By navigating the bankruptcy process strategically, over $45,000 of Leigh’s overwhelming debt was completely wiped out, effectively reducing his total obligation to just ~$15,000.
Asset preservation
Instead of losing everything he had worked for, the deed of forbearance allowed Leigh to manage an affordable payment plan. He entirely avoided the seizure of his home and vehicle, securing his foundation for the future.
The result
Leigh successfully executed his bankruptcy agreement and is now officially discharged. By pairing the process with a deed of forbearance, he experienced immense financial relief – wiping out over $45,000 in debt while successfully retaining his home and vehicle for a fresh, stress-free start.
Additional benefits
A completely fresh financial start following a stressful business liquidation
Immediate legal protection against aggressive creditor harassment and asset seizure
Mental clarity and restored peace of mind, knowing his home is safe
The ability to rebuild financial stability and focus on the future with a clean slate
Eliminating unmanageable tax debt
After their café closed, Scott faced a $187,610 tax debt personally pursued by the ATO – with no income and no way to repay it. Bankruptcy wasn’t just an option; it was the right solution. We guided Scott through the process while helping his spouse refinance the property to retain ownership of the family home, ultimately eliminating the unmanageable debt entirely.
Clearing debt before retirement
After years of hard work, Peter found himself overwhelmed by nearly $130,000 in personal loans he could no longer manage on his own terms. With no property assets and retirement on the horizon, bankruptcy was the right path forward. We guided him through the process, wiping over $66,000 in debt and leaving him with a single affordable fortnightly payment – giving Peter a clear runway to save for retirement.
Australia’s #1 trusted financial relief service, working for you
4.9 / 5 rating
From over 4,900 reviews
39,000+
Lives transformed
20+ years
Helping everyday Australians
How a former café owner eliminated tax debt and kept their family home
How Leigh wiped $45,000 in debt and kept his home
How Kristy & John saved 55% on their debt and kept their family home
What our customers are saying
I can’t thank you guys enough for the great service that i have received from you guys and it’s been hassle free and you guys have given me the opportunity to change my life and have helped me out when ever there’s been a problem thank yo
Nicole has been amazing to deal with at Revive finance! Super helpful and very patient! 10/10 recommend if your having financial issues!!
Joseph at Revive Financial was fantastic and understanding. I was battling Debt I could never seem to get on top off. My financial situation was dire with no near solutions. I can now see a much healthier and brighter financial future with the ability to save . This will change my life.
Very accommodating people really found a solution to all my problems
Team were amazing and patient throughout the whole process and made everything so easy. Really appreciate all their help and everything they are doing.
Very helpful.
Revive and especially Warranee were extremely helpful and professional.
Excellent service
Michelle has been absolutely wonderful throughout the entire process. She has been incredibly helpful, professional, and informative, always taking the time to explain everything clearly and answer any questions I had. Her patience, knowledge, and genuine care made what could have been a stressful experience so much easier. I truly appreciated her support and outstanding customer service. I highly recommend Michelle to anyone looking for someone who goes above and beyond. Thank you so much!
Quick & surprisingly easy
Annika was absolutely amazing. She helped me through the process and explained everything to me. Annika has been keeping me up to date with all that is happening. I can’t recommend them enough.very happy customer
I had a fantastic experience with Revive Financial. The team was professional, knowledgeable, and incredibly supportive throughout the entire process. They took the time to explain everything clearly, answered all of my questions, and made what could have been a stressful situation feel much more manageable. What really stood out was their honesty, responsiveness, and genuine commitment to helping me achieve the best outcome. I always felt informed and confident that my best interests were their priority. I highly recommend Revive Financial to anyone looking for trustworthy financial guidance and outstanding customer service. Thank you to the whole team especially Jan for your support and dedication!
Thank you Sarah for all the help. I really appreciate it 🙏🏽 . You have taken a massive burden off my shoulders.
Most of you customer service are friendly very understanding especially one of one revive customer service name Bonnie she’s very understanding very helpful. She always advising me what kind of document I need to get and if I don’t know how to get she tried her best to explain to me the right way and how to get it. I am highly recommend revive to anyone who have a difficulty dealing with A payments.
Revive helped me free my dept they were very helpful from day one . I cant thank Revive enough. Im totally dept free thanks to Revive
Really helped me out when I was in a tough position. They helped me to sort out my creditors and then get back on my feet over a few years. Really easy to deal with, very fair offerings for their service and customer service is great. A big thanks to Charmaine for all her help the last couple of years, she’s been a pleasure to deal with!
Couldn’t be happier with revive financial! They were very helpful and made life a lot easier!
Because your helping me with my financial:) and getting me back on track
Caring and supportive team.
