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 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.

Vili
Verified

Very helpful and informative.

Lascelles
Verified

Amazing staff!! Process was quite effortless for a satisfying outcome. Thank you especially to Marisol

Anonymous
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Revive has been fantastic. Always professional, understanding and supportive throughout the entire process. I am so grateful for their assistance. Thank you.

Kathryn
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Good service

Kim
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Google

Very friendly staff and kept me updated every step of the way

Michael Cumming
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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.

Anonymous
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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!

Mariell
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Revive Financial was professional, helpful, and easy to work with. Their team (Annette) explained everything clearly and made the process simple and stress-free. Great customer service.

Yasmin
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Excellent work/ people very helpful to everything and so professional.

Denilyn
Verified

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

Marie Alexandra
Verified

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

Frances
Verified

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.

Wayne
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Kylie and Jesse have been very helpful and supportive

Shaana
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Anette was super helpful from start to finish. Compassionate and kind whilst offering different solutions.

Anonymous
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Mason is very professional at her job and is very good explaining things to make it easy to understand

Chris
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They are most helpful , very understanding and easy to talk to .

Kerry
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Excellent service and communication would highly recommend

Debbie
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Your too good

Lorraine
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