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 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!

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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.

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