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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Thanks for your help was helping me out with debt am was struggling financially sistuation

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I recieved amazing help from Sharon. She helped me combine all my debt and work out a repayment that worked best for me. As a stay at home mother of 2, struggling to find work while studying, this has been a massive relief off my shoulders

Kaelahanne
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Had the best experience with Jordyn, she has been so helpful and so easy to deal with. She really made something that seemed so hard feel so easy. 10/10 recommend

Matthew
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I am extremely satisfied with the service Kylie provided. When I first came to you, I was struggling feeling frustrated, depressed and carrying so much stress. There were times during this past month that I felt like giving up, going through so much left me with little energy or drive to keep gathering documents and moving forward. But I am so deeply grateful Kylie was there every step of the way. She patiently guided me, walked me through every part of the process, and gave me 100% support exactly when I needed it most. Thanks to her care and dedication, I was finally able to get everything sorted and signed off today. I truly recommend this service to anyone needing help. Thank you so much, Kylie Bennison keep up the amazing work! Honestly, you deserve a gold medal for the difference you’ve made. I appreciate you more than words can say 🙏🏽✨

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Sharon was so helpful through the whole process and made it so easy.

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