A thread repair assembly is provided. The thread repair assembly comprises a cutting-nut housing including a first axial end, a second axial end and an internal cutting-nut interface, the first and second axial ends each having an opening. The thread repair assembly further includes a cutting nut at least partially enclosed by the cutting-nut housing and including a plurality of cutting threads configured to engage a threaded element when the assembly is urged in a first axial direction and disengage the threaded element when the thread repair assembly is urged in a second axial direction opposing the first axial direction.