How Michael halved his $133,000 debt and avoided Bankruptcy
Michael’s story
Michael's business closed post-COVID, leaving him with growing debts. After failed attempts to negotiate with creditors, we proposed a Personal Insolvency Agreement (PIA), allowing him to avoid bankruptcy with a reasonable repayment plan and take back control of his finances.
Age
Unspecified
Employment status
Unemployed
Location
Queensland
Household type
Unspecified
Employment
Former business owner
The challenge
Despite generating a strong income post-business closure, compounding debts and uncooperative creditors left Michael trapped in an escalating financial crisis.
The solution
Comprehensive financial assessment
Asset protection strategy
Formal creditor proposal
Tailored repayment terms
The result
Michael successfully executed a Part X (10) Personal Insolvency Agreement, experiencing immediate relief from creditor harassment. The outcome entirely eliminated the threat of bankruptcy, protected his primary mode of transport, and provided a clear, 5-year framework to become completely debt-free.
Consolidating massive tax debt
After years of running his own business as a shotfirer, Dom was left with $130,000 in debt – mostly owed to the ATO – and no way to manage it as a regular employee. Bankruptcy would have returned nothing to creditors and left him with little to show for his working years. We arranged a Personal Insolvency Agreement, wiping 40% of his debt and consolidating the rest into a single affordable weekly payment, letting him keep his vehicle and move forward free of ATO pressure.
Wiping extreme tax debt
When Kelly’s sole trader tiling business left her with nearly $350,000 in ATO tax debt, losing her home, vehicles, and livelihood felt inevitable. Standard options weren’t viable, and bankruptcy would have ended her business entirely. We structured a Personal Insolvency Agreement, wiping 60% of her debt into a single affordable weekly payment – letting her keep her property, her vehicles, and her business.
How Kelly wiped over $215,000 in ATO debt and protected her home and business
How Dom wiped $52,000 in debt and kept his motor vehicle
How John managed $113,000 in debt and protected his mechanic’s workshop
What our customers are saying
Easy stress free handling at such a stressful time
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.
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.
Great service and very helpful
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 ❤️
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
Great service! Able to help me understand every point, and made the process super simple
Fantastic job and great communication
Very helpful professional and kind, caring and understanding
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.
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
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
Anette was amazing, very helpful, polite and understanding. Anette explained everything and always there if I needed anything.
Very helpful fantastic service 👏
Excellent customer service and really helpful and knowledgeable advice
Ben and team are easy to talk to no judgement And a great help
Great to deal with friendly people if I had any questions they answered them right away
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
Would refer others in need to use
Very helpful and informative through the whole process
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