IVA Costs
Our fees are drawn, with the agreement of your creditors, from contributions you make to your arrangement.
The amount is dependent on the creditors you have and the level of contributions you make.
You do not have to pay any fees up front and there will be no charge if your IVA proposal is not accepted by creditors.
In the event that the IVA is approved but you withdraw and/or fail to pay at least 4 contributions, we reserve the right to seek payment from you of £1,000 + VAT (£1,175 total) by way of fees.
Please speak to an Advisor for more detailed information.
The costs of an IVA
The costs of setting up and running an IVA consists of:
1. Nominees' Costs
2. Supervisors' Costs
These IVA costs include the costs of gathering all the information required, preparing the IVA proposal, preparing and filing the Nominee's report, sending the IVA proposal to the creditors, and holding the creditors' meeting.
Free IVA advice
For any further information or questions, please call us free on 0800 16 999 46 and one of our highly trained advisors will be happy to help.
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IVAs
Insolvency Practitioners at Money Debt and Credit Ltd act without any personal liability
Money Debt and Credit Ltd, Registered in England & Wales No.05588842.
Registered Office: 45 Clarendon Road, Watford WD17 1SZ