How Kelly wiped over $215,000 in ATO debt and protected her home and business
Kelly’s story
Operating as a sole trader tiler since 2014, Kelly’s business was her only source of income. Unfortunately, without a system to set aside money for taxes, her ATO debt spiralled to nearly $350,000. With jointly owned real property, motor vehicles, and her livelihood on the line, she needed a plan to manage her historical tax debt while allowing her to continue trading. We helped her establish a Personal Insolvency Agreement (PIA) that protected her assets, saved her business, and wiped over 60% of her debt.
Age
Unspecified
Employment status
Sole trader
Location
Western Australia
Household type
Joint property owner
Employment
Tiler
The challenge
Despite having a viable business and correcting her financial habits for the future, the sheer size of Kelly’s historical ATO debt threatened everything she had built.
The solution
Comprehensive financial assessment
Strategic protection
Favourable creditor negotiation
Tailored repayment structure
The result
Kelly successfully executed a Personal Insolvency Agreement, removing the immediate threat to her livelihood and personal assets. With over $215,000 of debt wiped and a clear, five-year instalment plan in place, she secured her financial future while confidently continuing to run her tiling business.
Consolidating massive tax debt
After years of running his own business as a shotfirer, Dom was left with $130,000 in debt – mostly owed to the ATO – and no way to manage it as a regular employee. Bankruptcy would have returned nothing to creditors and left him with little to show for his working years. We arranged a Personal Insolvency Agreement, wiping 40% of his debt and consolidating the rest into a single affordable weekly payment, letting him keep his vehicle and move forward free of ATO pressure.
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.
How Dom wiped $52,000 in debt and kept his motor vehicle
How Michael halved his $133,000 debt and avoided Bankruptcy
How Amanda reduced her debt by 30% and regained financial stability
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
Revive gives a postive out come on your financial situation. Give them a go.
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
Related articles
