Case study

How Simone resolved her failed business debts and cut repayments by 50%

Informal Agreement
Initial debt
$33,000
Outcome
50% reduction
in repayments

Key results at a glance

Results that speak for themselves
$33,000
Total debt managed
$810
Saved per fortnight
50%
Reduction in repayments

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

After assessing Simone’s goals – specifically her desire to avoid formal insolvency – we implemented a Personal Informal Agreement.

Comprehensive financial assessment

We evaluated Simone’s specific income in sales and marketing and her $33,000 debt spread across the five creditors.

Practical guidance

We provided a clear, non-judgemental overview of how a Personal Informal Agreement could address her business debts cleanly.

Tailored solutions

We negotiated directly with all her creditors, including the ATO, to agree on a significantly reduced repayment plan that fit her budget.

Complete transparency

We ensured Simone understood the terms of the new agreement and the exact timeline for clearing her debts.

Why this approach worked

Getting started is easy and straightforward

Reason 1

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.

Reason 2

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.

Before
After
Improvement
Fortnightly repayments
$1,570
$760
$810 saved per fortnight
Number of payments
5 separate accounts
1 consolidated plan
Simplified financial management
ATO debt status
Outstanding & unmanaged
Included in active plan
Resolved business liabilities
Financial pressure
Critical / unsustainable
Managed & affordable
50% reduction in outgoings

Additional benefits

A comprehensive approach to your financial recovery

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

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What our customers are saying

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
Verified

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
Verified

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 🙏🏽✨

Laulauonuu
Verified

In particular I want to single out Connie for being kind and empathetic during this process.

Sara
Verified

Warranee was extremely helpful. Answered all my questions and made me feel at ease.

Kirsty
Verified

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

Danielle
Verified
Google

Very easy to deal with. Went above and beyond to help my situation. Would highly recommend.

Sheryl Edwards
Verified

Great communication,

Craig
Verified

They made me feel ok about making a mistake and gave me simple guidence to find a resaloution

Anonymous
Verified
Google

Joseph has been awesome, professional and a great help to me during my time of financial distress. He made the impossible possible. Nothing is too troublesome for him. The team are friendly and helpful as well. Highly recommend Joseph.

Esther Sia
Verified

Insanely supportive and helpful company. They’ve made the process super easy and fair, and have created a very manageable outcome. Mason and Ruth specifically in my case have both exceeded high levels of customer service.

Anonymous
Verified
Google

I have had a really great experience with revive financial. They have been extremely supportive and my support has been Mason throughout the entire process and she has been fantastic

Julie Hill
Verified

I really enjoyed my experience. Anette was incredibly helpful, friendly, and made everything easy to understand. They took the time to answer all my questions and provided excellent support throughout the process.

Chrystal
Verified

Fantastic service great help could not have done it without the whole team best choice i ever made thanks everyone that helped me achieve my debt free life

Ory
Verified

Understandingly considers real life circumstances and addresses personal situations with a target approach. Questions are well defined and realistic. Provides a great customer service with reliable and friendly staff. I highly recommend Revive Financial to anyone seeking financial assistance. Thanks

Walter
Verified

Connie has been so amazing to work with. She is so approachable and understanding and has made this process so smooth. She has helped above and beyond especially over the past 4 weeks with a traumatic experience I have been going through. I couldnt have done any of this without her support.

Michelle
Verified

Very easy process and very helpful customer service!

Jackson
Verified

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