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
Yes. From the moment my debt payment plan was approved, my experience with Revive Financial has remained very positive. Their case managers understand the human side of financial hardship and are always considerate, supportive and willing to discuss alternative arrangements when needed. The flexibility and consistency of their payment arrangements gave me the opportunity to stay on track and ultimately pay off my debt. I genuinely appreciate the support I received and would highly recommend Revive Financial to anyone experiencing financial hardship and looking for a compassionate and flexible service. Keep It Up
Revive are very good to work with always ringing to find out or to tell me how things are going very easy to understand
Connie was soooo amazing during my whole experience thus far, getting things for me sorted so promptly and speedy hasn't gone unnoticed. She a gem and really showed compassion in my situation which I was ashamed of but she is such a nice human (talked about our kids and lifes ups and downs) and it is nice to know that you do get the human touch when you are in difficulties at Revive Financial.
Amazing service
Extremely informative and clear on the process, impeccable phone manner and caring in nature
I reached out to Revive Financial a few weeks ago for help with my financial situation. I got paired up with Nick and i cannot say enough good about how helpful and professional he has been. He has handled my case from the beginning and made the whole process absolutely stress free. He responds quickly to any questions, provides regular updates, helps in any way possible and is a pleasure to work with. Thank you Nick for all your help and thank you Revive Financial. If you’re on the fence about reaching out for help with your financial situation don’t be. Reach out and they’ll make the process easy and stress free.
I’m happy that my case was handled properly and efficiently. Thank you so much. Annika Hamilton was so patient and accommodating. I a happy to refer Revive Financial to my friends and colleagues if they needed one. Many thanks. More power to your company. Much appreciated.
I would highly recommend Nick Smith from Revive Financial. Seeking help through a financially tough time he was nothing but supportive, and non judgemental, very on top of every detail and super efficient. Thanks Nick!
Staff truly care, answer every question, even the ones you didn’t think of. If you’re struggling with debt they’ll get your financial health back on track and you’ll feel like you can take control of your finances again. Incredible work, Francis has been great throughout my entire debt agreement and even now my debt Francis made sure I felt comfortable to approach them again if I need anything. 10/10
I had the pleasure of dealing with Connie Vargas she was exceptional 100 star rating✨️She explained the whole process thoroughly, friendly and very patient thank you Connie for your help very much appreciated🙂
Very friendly and easy to deal with. I was feeling very overwhelmed and Revive helped me put my finances back into manageable payments.
Cassandra has been fantastic to deal with and has made the process as seamless as possible. At a time when things felt completely out of my control, I greatly appreciated Cassandra’s assistance and genuine care and understanding.
Great friendly and helpful service 👌
Excellent customer service all the way from start to finish. Thank you very Mr Nick Smith. Will for sure recommend this company and its services & products. Kindly. Jack
very easy to contact and very fast response
Very easy to chat with and helped me understand everything i needed
I came to them 3 years ago, lost, in debt and didn’t see a way out. They immediately helped me and supported me. My repayments were tailored to my situation and they helped lower my cost phenomenally. Today I’ve finally finished with Revive a new person without debt due to their support and I can’t thank them enough and my financial future is looking very positive thanks to Revive. A big thank you to everyone who has helped me over these 3 years and a big shoutout to Francis for taking over my case and ending it with a positive note.
Very polite, clear, and understanding. Helped usbin a difficult situation
Very caring, helpful and efficient. Nothing was a problem Extremely supportive and payments were tailor made.
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