Your fees will be determined by your Insolvency Practitioner (IP), these will be based on your overall circumstances and the length of your IVA.
Fees for an IVA will initially be agreed between you and the IP. These can be adjusted by the creditors and in our experience you could expect the nominees fees to be the first 5 months payments. These fees are for the setup of the IVA. In addition, 15% of your monthly payment will be taken each month for supervisors fees. These fees are for the administration and review of the ongoing agreement.
The above fee scale is used to determine the fees for all of the UK’s IVA’s.
IVA’s will be assessed by us and suitable candidates will be passed to our trusted partner to arrange and administer.
We are paid a fee for introductions.