Case study

How Leigh wiped $45,000 in debt and kept his home

Bankruptcy
Initial debt
$60,000
Outcome
Debt free
in five years

Key results at a glance

Results that speak for themselves
$60,000
Total debt addressed
~$45,000
Total debt wiped
2
Key assets protected

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

After reviewing Leigh’s post-liquidation situation, we identified that a structured bankruptcy, paired with a Deed of Forbearance, would provide immediate legal protection for his assets while addressing the debt.

Comprehensive financial assessment

We evaluated Leigh’s specific financial standing, focusing closely on the limited equity in his home and the value of his vehicle.

Practical guidance

We provided clear, non-judgemental guidance on how bankruptcy could be used strategically as a tool, rather than a punishment, to shield him from further loss.

Tailored solutions

We facilitated a deed of forbearance, establishing a framework for highly affordable payments that satisfied the bankruptcy trustee while legally protecting his home and car.

Complete transparency

We ensured Leigh understood the terms of his bankruptcy, his obligations under the forbearance deed, and the exact timeline for his discharge and financial recovery.

Why this approach worked

Getting started is easy and straightforward

Reason 1

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.

Reason 2

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.

Before
After
Improvement
Total debt
$60,000
~$15,000
~$45,000 wiped
Asset status
High risk of seizure
Legally protected
Kept home and vehicle
Financial status
Facing severe insolvency
Discharged
Secured financial future
Administrative burden
High (post-liquidation stress)
Low (structured forbearance)
Time and stress saved

Additional benefits

A comprehensive approach to your financial recovery

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

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What our customers are saying

Staff truly care, answer every question, even the ones you didn’t think of. If you’re struggling with debt they’ll get your financial health back on track and you’ll feel like you can take control of your finances again. Incredible work, Francis has been great throughout my entire debt agreement and even now my debt Francis made sure I felt comfortable to approach them again if I need anything. 10/10

Mathew
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I had the pleasure of dealing with Connie Vargas she was exceptional 100 star rating✨️She explained the whole process thoroughly, friendly and very patient thank you Connie for your help very much appreciated🙂

Alyssa
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Very friendly and easy to deal with. I was feeling very overwhelmed and Revive helped me put my finances back into manageable payments.

Anonymous
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Cassandra has been fantastic to deal with and has made the process as seamless as possible. At a time when things felt completely out of my control, I greatly appreciated Cassandra’s assistance and genuine care and understanding.

Sue Campbell
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Great friendly and helpful service 👌

James
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Excellent customer service all the way from start to finish. Thank you very Mr Nick Smith. Will for sure recommend this company and its services & products. Kindly. Jack

Jacques
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very easy to contact and very fast response

Cooper
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Very easy to chat with and helped me understand everything i needed

Anonymous
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I came to them 3 years ago, lost, in debt and didn’t see a way out. They immediately helped me and supported me. My repayments were tailored to my situation and they helped lower my cost phenomenally. Today I’ve finally finished with Revive a new person without debt due to their support and I can’t thank them enough and my financial future is looking very positive thanks to Revive. A big thank you to everyone who has helped me over these 3 years and a big shoutout to Francis for taking over my case and ending it with a positive note.

Ruby
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Very polite, clear, and understanding. Helped usbin a difficult situation

Gavin
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Very caring, helpful and efficient. Nothing was a problem Extremely supportive and payments were tailor made.

Vanessa
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Jordyn was so helpful and caring during this process. Reaching out for help was the best thing I have done the constant stress & sleepless nights worrying about overdue bills is now being resolved.

Anonymous
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They were really helpful and hands on whenever you needed someone to talk to .

Julie
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I had Joseph as my person who helped me through it all he was always really nice and helped me with everything any time I needed it I’d recommend this dept consolidate to any one in financial hardships as it as allowed me and my partner to move out on our own and start our lives can’t say anything bad about revive financial

Brandyn Mcdonald
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Google

I highly recommend 👌 Georgia was absolutely brilliant and amazing how helpful and efficient she was in helping me throughout the whole process! Thankyou kindly.

Cathie McMorran
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Good quick service not judgemental as to why assistance is needed.

Michael
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Fast and efficient service and support.

Amber
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I highly recommend Revival Financial . The whole process was quick , easy and stress free. A special mention to Kylie, who has been absolutely wonderful , she is extremely supportive & always takes the time to explain everything clearly. Her communication has been excellent throughout and I always felt informed & comfortable with each step of the process .Thank you Kylie & team at Revival for making what could have been a daunting process feel so simple & manageable .Fantastic service from start to finish !

Megan
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Extremely helpful

Mohammad
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