How a former café owner eliminated tax debt and kept their family home
Scott’s story
After the heart-breaking liquidation of his café, Scott was pursued personally by the ATO for an unmanageable $187,610 tax debt. Unemployed and terrified of losing the house he shared with his wife, the pressure was immense. We assisted Scott with declaring bankruptcy to eliminate the crushing debt, while strategically helping his non-bankrupt spouse refinance their property to purchase his interest. This expert intervention successfully retained their family home and provided a fresh start.
Age
61 years
Employment status
Unemployed
Location
Brisbane, Queensland
Household type
Married
Employment
Former business owner
The challenge
Despite years of hard work building his business, the liquidation of Scott’s café left him with zero income and a massive tax burden that threatened his family’s future.
The solution
Comprehensive financial assessment
Practical guidance
Tailored solutions
Complete transparency
The result
Scott successfully navigated bankruptcy, experiencing immediate relief from aggressive ATO pursuit. The outcome eliminated a six-figure tax debt, saved the couple roughly $50,000, and most importantly, secured their family home for their retirement years.
Protecting assets through bankruptcy
After his business failed and went into liquidation, Leigh was left with $60,000 in personal debt and at risk of losing his home and vehicle. Standard options weren’t enough to protect his assets. We arranged a bankruptcy solution with a deed of forbearance, wiping over $45,000 in debt while keeping his home and vehicle safe.
Clearing debt before retirement
After years of hard work, Peter found himself overwhelmed by nearly $130,000 in personal loans he could no longer manage on his own terms. With no property assets and retirement on the horizon, bankruptcy was the right path forward. We guided him through the process, wiping over $66,000 in debt and leaving him with a single affordable fortnightly payment – giving Peter a clear runway to save for retirement.
How Leigh wiped $45,000 in debt and kept his home
How Peter wiped $66,000 in debt and secured a fresh start for retirement
How Sarah reduced her debt by $25,000 and avoided Bankruptcy
What our customers are saying
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Very happy with my outcome Nick was very helpful taking me step-by-step which made it very easy thank you Nick for helping me
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The staff at at Revive Financial were amazing and helped me through a very tough time. At any time where I needed information or just checking how everything was going, they were always so nice and understanding. My debt has been finalised and it feels great, the whole procedure was so easy and they took care of everything for me and I’m so grateful🙂
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First rate
Mason has been so incredibly helpful and knowledgeable on getting me the best financial experience possible. She’s helped relieve majority of my financial stress during this hard medical time in my life. Thanks Mason ☺️
I found it a pleasure to get my financial struggles sorted the team who took the time to help me where very helpful and kind thanks revive financial.
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