How Simone resolved her failed business debts and cut repayments by 50%
Simone’s story
Simone
New South WalesAfter a business venture didn't go as planned, Simone was left juggling $33,000 in debt across five different creditors, including the ATO. Working full-time in sales and marketing, her minimum fortnightly repayments had reached an unmanageable $1,570. We helped her set up an Informal Agreement, cutting her repayments in half so she could resolve her business debts without further personal implications.
Age
31 years
Employment status
Full-time employed
Location
New South Wales
Household type
Single
Employment
Sales and marketing
The challenge
Despite working full-time, the financial hangover from a failed business left Simone trapped in an unmanageable and stressful debt cycle.
Failed business debt
A previous business venture left Simone solely responsible for $33,000 in liabilities, including a significant ATO debt.
Unmanageable repayments
Minimum fortnightly repayments of $1,570 were draining her single income and creating severe financial strain.
Multiple creditors
Managing payments across five different creditors became an overwhelming administrative burden.
Personal implications
The sheer volume of the business debt threatened her personal financial stability and future prospects.
The solution
Comprehensive financial assessment
Practical guidance
Tailored solutions
Complete transparency
Why this approach worked
Getting started is easy and straightforward
Significant repayment reduction
By establishing a Personal Informal Agreement, we successfully negotiated Simone’s fortnightly obligations down from $1,570 to just $760, instantly putting $810 back in her pocket every two weeks.
Simplified financial management
Instead of juggling five demanding creditors – including the ATO – Simone now makes a single, affordable payment, addressing her failed business debts without any further negative implications to her personally.
The result
Simone successfully executed a Personal Informal Agreement, experiencing immediate financial relief and peace of mind. The outcome provided a realistic, stress-free framework to manage her business and tax debts while halving her repayment burden.
Additional benefits
Avoided severe personal implications from past business debts
ATO debt effectively and safely managed alongside other creditors
Mental clarity and reduced financial stress
A clear, sustainable pathway to becoming completely debt-free
Keeping the workshop open
When COVID hit, John’s mechanic workshop suffered a severe downturn, leaving him with $113,000 in debt across seven creditors. Unable to refinance and determined to avoid bankruptcy to protect his business and family, we negotiated a 5-year Informal Agreement – reducing his debt by 20% into a single affordable payment plan, keeping his business running and his livelihood intact.
Securing interest-free debt relief
A brief period of unemployment left Amanda struggling to manage $30,000 in mixed debts, made worse by the rising cost of living. With no path to refinancing, we negotiated directly with her creditors to secure a 5-year Informal Agreement – removing all interest and reducing her total debt by 30% into a single $110 weekly payment.
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What our customers are saying
I would like to say Thank you very much for helping me pay off all my debets. Thank you Thank you once again also to the manager who was looking after my account you have done a awsome job Thank you once again.
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Amazing staff!! Process was quite effortless for a satisfying outcome. Thank you especially to Marisol
Revive has been fantastic. Always professional, understanding and supportive throughout the entire process. I am so grateful for their assistance. Thank you.
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I wouldn't think in million years I would be getting off from so many loans had to deal week by week until I found these beautiful lady Connie Vagras on Revive Financial. I just wanted to say thank you for getting me out of this situation. I have been struggling years and years trying to get my feet on the right spot. You're make my life alot more better now. You are so amazing with your services, very professional how you deal with the customers. We need more people like you in this world. Thank you so much for your assistance, and hope everything goes well in your future.
I had a wonderful experience working with Michelle. Her guidance was clear, patient, and genuinely supportive, making complex tasks feel manageable. She listened carefully, asked thoughtful questions, and provided practical solutions that boosted my confidence. I left the interaction feeling understood, valued, and well-equipped to move forward. Thank you, Michelle, for your excellent assistance!
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I am very happy the service is so great specially with the broker who helped me with everything she very very good and work like professional Ms Tuanita Walsh Thank you so much
They helped me with my struggles so much and I really appreciated very much. Thank you to Nicolas (Nick) for all your help from the time i and my family went to Samoa to my father's funeral. You were able to hold all the payments until I got back. Thank you once again. Frances Leatua
I have been dealing with Nicole who has kept me in the loop throughout the journey and has kept me calm for what has been a stressful time in my life. No question has been ignored and at no point have I felt unsupported or lost. Nicole has been increadibly professional, transperant and only conveyed poistivity throughout my dealings with her. I would have no hesitation with recomending Revive or Nicole to any of my friends or family who need a way forward.
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Anette was super helpful from start to finish. Compassionate and kind whilst offering different solutions.
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