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

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I had an absolutely outstanding experience with Anette Carter, Customer Success Specialist at Revive Financial. From the very beginning, Anette made a genuine and lasting impression on me through her kindness, patience, professionalism, and sincere willingness to help. Dealing with personal financial matters can sometimes feel overwhelming and stressful, but Anette made me feel comfortable, understood, and supported throughout the process. She took the time to listen without judgment, showed genuine empathy towards my circumstances, and explained everything clearly and thoughtfully. Her approachable nature and reassuring communication made a real difference to my experience and gave me greater confidence and peace of mind. What stood out most was that Anette made me feel like more than just another client. She treated me with respect, compassion, and understanding, demonstrating that she genuinely cares about the people she helps. Her ability to combine professionalism with such a personal and caring approach is truly special. It is rare to come across someone who makes such a positive difference through their work, but Anette did exactly that. Her support was not only appreciated but also made what could have been a difficult experience feel much more manageable and reassuring. I would like to sincerely thank Anette for her exceptional service, genuine compassion, and dedication. She is a real credit to Revive Financial, and I hope her efforts and the positive impact she has on her clients are recognised and appreciated. Employees like Anette make a meaningful difference in people’s lives, and I cannot thank her enough for the outstanding experience she provided. Anette, thank you for making me feel heard, respected, and genuinely supported. Your kindness and professionalism have left a lasting positive impression on me. You are a wonderful representative of Revive Financial, and your efforts truly deserve recognition.

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Miss or Mrs Anette, She is very very very good good great to have communication with and she is meant to be in this platform as she knows the people situation and understands very well and her approach towards me was like a own sister and I loved it and the God bless her in her life and she have a best skill to approach and thank you so much for making my shoulder burdens lift to revive finances to and her. Thank you all.

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