Case study

How Emma managed her $17,000 debt and avoided Bankruptcy

Informal Agreement
Initial debt
$17,000
Outcome
Affordable
Payment plan

Key results at a glance

Results that speak for themselves
$17,000
Total debt managed
1
Consolidated, affordable plan
Protected
Home and assets secured

The challenge

Despite her best efforts, a sudden drop in income combined with a family health crisis left Emma trapped in an unmanageable financial situation.

Reduced earnings

A sudden change in Emma’s employment status significantly reduced her taking-home pay, making it impossible to keep up with standard repayments.

Family health crisis

While navigating her reduced income, Emma also had to prioritise care and support for her son, who was battling mental health issues.

Multiple creditors

Emma accumulated $17,000 in debt spread across four different creditors. With her reduced income, she was unable to secure refinancing.

Risk of bankruptcy and asset loss

The financial strain put Emma at serious risk of bankruptcy, which she desperately wanted to avoid in order to protect her property and provide stability for her son.

The solution

After reviewing Emma’s situation, we identified that an Informal Agreement would provide the breathing room she needed while protecting her assets from formal bankruptcy proceedings.

Comprehensive financial assessment

We evaluated Emma’s newly reduced income, her essential living expenses (including care for her son), and the $17,000 debt across her four creditors.

Practical guidance

We provided a clear, non-judgemental overview of how an Informal Agreement works as a flexible, private alternative to bankruptcy that protects property.

Tailored solutions

We negotiated directly with her four creditors to consolidate the debt into one realistic, affordable repayment plan that fit her newly adjusted budget.

Complete transparency

We ensured Emma understood exactly how her new payments would work and gave her a clear timeline for regaining her financial footing.

Why this approach worked

Getting started is easy and straightforward

Reason 1

Asset protection

By establishing an Informal Agreement rather than declaring bankruptcy, we successfully protected Emma’s property, ensuring she and her son maintained their housing stability during a difficult time.

Reason 2

Simplified financial management

Instead of facing the stress of four demanding creditors and being rejected for refinancing, Emma now makes a single, affordable payment. This relieved the financial pressure, allowing her to focus her energy on her son’s recovery.

The result

Within 6 weeks of engaging with Revive Financial, Emma successfully consolidated all her debts and experienced immediate financial relief. The outcomes exceeded her expectations in both cash flow improvement and long-term savings.

Before
After
Improvement
Total debt
$17,000 unmanageable
$17,000 managed
Affordable repayment structure
Number of payments
4 separate accounts
1 consolidated plan
75% fewer accounts
Asset status
Property at risk
Property protected
Secured housing stability
Financial status
Facing bankruptcy / Unable to refinance
Bankruptcy avoided
Secured financial future

Additional benefits

A comprehensive approach to your financial recovery

Complete peace of mind knowing your home and property are safe from bankruptcy proceedings.

Drastically reduced financial stress, allowing you to focus on family and personal well-being.

Repayments tailored to your current income, not your past earnings.

An end to stressful phone calls and letters from multiple different lenders.

Why choose Revive Financial?

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What our customers are saying

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Nicole has been amazing to deal with at Revive finance! Super helpful and very patient! 10/10 recommend if your having financial issues!!

Luke
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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.

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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!

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Donna
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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

Kylie
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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!

Christina
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Thank you Sarah for all the help. I really appreciate it 🙏🏽 . You have taken a massive burden off my shoulders.

Tai
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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.

Majid
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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

Renee
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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!

James
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Couldn’t be happier with revive financial! They were very helpful and made life a lot easier!

Kelsey
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Because your helping me with my financial:) and getting me back on track

Christie
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Caring and supportive team.

Natasha
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