Can anyone advise typical charges for an IVA.
I have requested an early settlement figure and have been advised what I feel are very high fees.
Thanks in advance.
Supervisors fees will be as stated in the Proposal and are usually modified by creditors in the Chairman's Report -- often these days they are a percentage of funds paid into the IVA, typically 15% ( but some are in excess of 20%).
Nominees fees, again in the paperwork and agreed by creditors are typically in the region of £1750 - £2000.
Disbursements will be as the have been incurred.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Have a look at your proposals and any modifications - they will have stipulated the fees.
Creditors approve the costs and they come out of the creditors pockets (unless you are paying everything off in full) so shouldn't really affect you in any event.
I was the same Lesley - the creditors agreed and I never gave it another thought.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk