Brian’s Voluntary Administration and new Budget success story
Key Results at a Glance
Brian’s story
Brian
QueenslandBrian's medium-sized construction company faced unmanageable debt due to an economic slowdown and internal management issues. Wanting to save the business and his employees' jobs, he sought our help. We assessed the business as viable, communicated with stakeholders, and drew up a Deed of Company Arrangement (DOCA).
Age
Unspecified
Employment status
Full-time employed
Location
Queensland
Household type
Unspecified
Employment
Construction company owner
The Challenge
Despite years of hard work, a combination of market forces and operational hurdles left Brian’s construction company trapped under insurmountable debt.
Economic Slowdown
A shift in the broader economy severely impacted the company’s cash flow and project pipeline.
Internal Management Issues
Operational inefficiencies and internal roadblocks compounded the financial strain on the business.
Unmanageable Debt Levels
The company’s financial obligations rapidly grew beyond what current revenues could support.
Threat to Livelihoods
The impending risk of insolvency meant Brian’s dedicated employees were in severe danger of losing their jobs.
The Solution
Viability assessment
Stakeholder communication
Strategic restructuring
Job preservation
Why this approach worked
Getting started is easy and straightforward
A Viable Path Forward for Creditors
By establishing a DOCA, we provided creditors with a better, more reliable return than if the company had been immediately liquidated, which secured their crucial buy-in.
Protecting the Workforce and Operations
Instead of shutting the doors, the Voluntary Administration process gave the business the breathing room needed to restructure. This allowed Brian to retain his experienced team and keep projects moving forward.
The Result
Brian successfully transitioned his construction company through Voluntary Administration. The accepted DOCA eliminated the immediate threat of liquidation, saved his employees’ jobs, and provided a realistic, structured framework to repay creditors while keeping the business alive.
Additional Benefits
Preserved vital supplier relationships through transparent communication
Mental clarity and reduced financial stress
Ability to focus on core operations with stabilised cash flow
On track to successfully exit administration and resume normal trading
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.
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.
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How Dom wiped $52,000 in debt and kept his motor vehicle
How Michael halved his $133,000 debt and avoided Bankruptcy
How Kelly wiped over $215,000 in ATO debt and protected her home and business
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.
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Amazing staff!! Process was quite effortless for a satisfying outcome. Thank you especially to Marisol
Revive has been fantastic. Always professional, understanding and supportive throughout the entire process. I am so grateful for their assistance. Thank you.
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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.
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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
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
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.
Kylie and Jesse have been very helpful and supportive
Anette was super helpful from start to finish. Compassionate and kind whilst offering different solutions.
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Your too good
