Case study

How Kristy & John saved 55% on their debt and kept their family home

Part IX (9) Debt Agreement
Initial debt
$70,000
Outcome
Debt free
in five years

Key results at a glance

Results that speak for themselves
$70,000
Total debt consolidated
$38,500
Total debt reduction
$550
Single monthly payment

The challenge

Despite Kristy working full-time, an unexpected health crisis and compounding financial pressures left the family trapped in high-interest debt with their home on the line.

Unexpected hardship

John suffered a severe nervous breakdown, leaving him unable to work and reducing the household to a single income.

Compounding expenses

The high cost of living for a family of five, combined with ongoing mortgage obligations, forced them to rely heavily on credit cards to survive.

High-interest debt

The reliance on credit cards caused their unsecured debt to rapidly balloon to over $70,000.

Risk to family home

Because they had limited equity in their property, refinancing was not an option, putting their family home at severe risk of having to be sold to cover debts.

The solution

After reviewing Kristy and John’s situation, we identified that a Part IX (9) Debt Agreement would provide immediate protection for their home and a structured path to recovery.

Comprehensive financial assessment

We evaluated their single-income budget, the needs of their three young children, and their limited home equity against the $70,000 debt.

Practical guidance

We provided a clear, non-judgemental overview of how a Part 9 Debt Agreement could protect their most valuable asset—their home—while making debts manageable.

Tailored solutions

We negotiated to consolidate their high-interest credit card debt, settling for 45% of the original amount, paired with an affordable $550 monthly payment.

Complete transparency

We ensured Kristy and John completely understood the terms of the 60-month (5-year) plan and their exact timeline for financial recovery.

Why this approach worked

Getting started is easy and straightforward

Reason 1

Significant debt reduction

By establishing a Part 9 Debt Agreement, we successfully negotiated their total obligations down from $70,000 to $31,500, instantly removing $38,500 (a 55% reduction) of financial burden.

Reason 2

Asset protection and simplified management

Instead of drowning in high-interest credit card fees, Kristy and John now make a single, affordable payment of $550 a month. Most importantly, this strategy allowed them to entirely avoid selling their family home.

The result

Within 6 weeks of engaging with Revive Financial, Emma successfully consolidated all her debts and experienced immediate financial relief. The outcomes exceeded her expectations in both cash flow improvement and long-term savings.

Before
After
Improvement
Total debt
$70,000
$31,500
$38,500 reduced (55%)
Repayment structure
High-interest credit cards
1 consolidated plan ($550/month)
Fixed, affordable payments
Financial status
Unable to refinance, home at risk
Home protected
Secured family home
Stress level
Extremely High (health crisis + debt)
Low (clear path to recovery)
Time, health, and stress saved

Additional benefits

A comprehensive approach to your financial recovery

Kept the family home for their three children, avoiding the disruption of a forced sale.

Drastically reduced financial stress, allowing John the peace of mind needed to properly recover.

Eliminated compounding credit card interest entirely.

Consolidated all debts into one $550 monthly payment.

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I found the process a bit overwhelming but was put at ease, with the service I received. I thought it would be a difficult process but with a lot of guidance and patience from Revive the overall experience was great.

Anonymous
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I honestly can’t thanks Cloe night, she was patient, caring and thorough. I felt supported and that she really cared! This has changed my life, I no longer have the stress of where I will find the money to pay my debts! Thank you from the bottom of my heart 🙂

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Sally Tarquinio
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I can’t recommend Revive highly enough. Before contacting them, I felt like I was drowning in debt and had no idea where to start. The stress was overwhelming, and I was embarrassed about my situation. From the very first conversation, the team made me feel comfortable and never judged me. They explained everything in simple terms and made the whole process incredibly easy to understand. What I thought would be complicated and stressful turned out to be straightforward and manageable. The biggest surprise was how quickly the weight started to lift off my shoulders once I had a plan in place. The process wasn’t embarrassing at all—in fact, it was a huge relief talking to people who genuinely wanted to help. If you’re struggling with debt and feeling overwhelmed, don’t put it off. Reaching out to Revive was one of the best decisions I’ve made

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Jan Hart
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