Case study

How Sarah reduced her debt by $25,000 and avoided Bankruptcy

Part IX (9) Debt Agreement
Initial debt
$40,000
Outcome
Debt free
in three years

Key results at a glance

Results that speak for themselves
$40,000
Total debt consolidated
$25,000
Total debt reduction
1
Manageable repayment plan

The challenge

Despite working full-time, unexpected life events and compounding financial pressures left Sarah trapped in an unmanageable debt cycle.

Unexpected hardship

The tragic loss of her fiancé left Sarah solely responsible for a $30,000 loan.

Compounding expenses

Ongoing childcare costs for her young son, medical expenses, and industry disruptions pushed her total debt to $40,000.

Multiple creditors

Managing payments across five different creditors became an overwhelming administrative and financial burden.

Risk of Bankruptcy

The sheer volume of debt and the cost of raising her dependent alone put her at severe risk of declaring bankruptcy.

The solution

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

Comprehensive financial assessment

We evaluated Sarah’s specific income as a farmhand, her childcare obligations, and the $40,000 debt spread across five creditors.

Practical guidance

We provided a clear, non-judgemental overview of how a Part 9 Debt Agreement serves as a legal alternative to bankruptcy.

Tailored solutions

We negotiated directly with her creditors to settle the debt for a significantly reduced amount that fit her single-income budget.

Complete transparency

We ensured Sarah understood the terms of the consolidated repayment plan and the exact timeline for her 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 Sarah’s total obligations down from $40,000 to $15,000, instantly removing $25,000 of financial burden.

Reason 2

Simplified financial management

Instead of juggling five demanding creditors while caring for a toddler, Sarah now makes a single, affordable payment under one manageable plan, entirely avoiding the severe consequences of bankruptcy.

The result

Sarah successfully executed a Part IX (9) Debt Agreement, experiencing immediate financial relief and peace of mind. The outcome eliminated the threat of bankruptcy and provided a realistic, stress-free framework to become debt-free.

Before
After
Improvement
Total debt
$40,000
$15,000
$25,000 reduced
Number of payments
5 separate accounts
1 consolidated plan
80% fewer accounts
Financial status
Facing bankruptcy
Bankruptcy avoided
Secured financial future
Administrative burden
High (juggling 5 creditors)
Low (1 single repayment)
Time and stress saved

Additional benefits

A comprehensive approach to your financial recovery

Improved credit score through consistent single payment history

Mental clarity and reduced financial stress

Ability to start an emergency fund with freed-up cash flow

On track to be completely debt-free in three years

Why choose Revive Financial?

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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
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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
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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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