How Dom wiped $52,000 in debt and kept his motor vehicle
Dom’s story
After operating as a company and then a sole trader for four years, Dom accumulated $130,000 in debt, primarily owed to the ATO. Unable to manage the mounting tax liabilities, he closed his business and transitioned to PAYG employment. Despite the career change, the historical debt remained unmanageable. We helped Dom set up a Personal Insolvency Agreement (PIA) to consolidate his obligations into an affordable weekly repayment plan, protecting his motor vehicle and allowing him to start fresh without the stress of ATO debt.
Age
Unspecified
Employment status
Full-time employed
Location
Queensland
Household type
Unspecified
Employment
PAYG employee
The challenge
Transitioning from business ownership back to a PAYG wage left Dom trapped by legacy business debts that were impossible to clear on his new income.
The solution
Comprehensive financial assessment
Practical guidance
Tailored solutions
Complete transparency
The result
Dom successfully executed a Personal Insolvency Agreement, experiencing immediate financial relief. The outcome eliminated the threat of bankruptcy, saved his motor vehicle, and provided a realistic, stress-free framework of single weekly payments to finally clear his name and start again.
Halving severe business debt
When Michael’s business collapsed in the wake of COVID, he was left with $133,000 in debt across the ATO, credit cards, and personal loans. After attempts to negotiate directly with creditors failed, we structured a Part X Personal Insolvency Agreement – allowing him to retain his vehicle, avoid bankruptcy, and settle his debt at just 50 cents in the dollar.
Wiping extreme tax debt
When Kelly’s sole trader tiling business left her with nearly $350,000 in ATO tax debt, losing her home, vehicles, and livelihood felt inevitable. Standard options weren’t viable, and bankruptcy would have ended her business entirely. We structured a Personal Insolvency Agreement, wiping 60% of her debt into a single affordable weekly payment – letting her keep her property, her vehicles, and her business.
How Kelly wiped over $215,000 in ATO debt and protected her home and business
How Michael halved his $133,000 debt and avoided Bankruptcy
How Emma managed her $17,000 debt and avoided Bankruptcy
What our customers are saying
Easy to contact them and very helpful to know what the problem with your account.thank you for being patient.
So efficient, my adviser Joseph listened with empathy and helped me greatly with his advice and knowledge. Highly recommended to help anyone having difficulty with their financial troubles.
Revive Firnancial have been really helpful. I was going down the drain towards the big flood when Rivive came in to help with my loans and dont know how I was gonna thank them. Thank you.
Sharon helped me tremendously and I'm great full.
revive fanancial is a great company to help put all debts into the one repayment. They are friendly and fast acting if any questions through the process. Very helpful company to deal with. Highly recommend them
I cannot thank Georgia at Revive Financial enough for her help. She was incredibly understanding, empathetic and attentive throughout the entire process, while also being so efficient and quick to get everything moving. Having my debt consolidation approved has taken such a huge amount of stress and pressure off me, and Georgia made what could have been an overwhelming experience feel simple and manageable. I’m genuinely so grateful for her support and the way she handled everything. Thank you so much, Georgia!
Very professional and amazing service helped me beyond my expectations
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Very helpful and polite and positive communication.
Excellent Service Staff members was so helpful
Anette was always very kind and understanding which go a long way when your are under the financial stress and pressure coming from everything answered my calls straight away and always answered my questions in way that I could understand them
Awesome. I should have rang you guys ages ago. Annika went above and beyond for me and I am very thankful. Thanks guys
Warranted has been amazing throughout the whole process, made every step simple and easy and very understanding
Connie is very professional and knowledgeable, gets onto it straight away, while keeping you informed at all times about the progress of your application. She listens has empathy and knows her work she is a professional through and through
I have had great help and support through the whole process so far
Revive Financial changed my life. I consolidated my debt, paid it down and now I’m debt free. Revive were easy to deal with, and even when there was an issue, a rep called me swiftly and we got it sorted.
Excellent communication, fast and excellent results,
Sarah has been so helpful with the process of my application. I
I can't believe how easy the process was. I have a excellent experience
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