Hi, I know how the IVA works but i wanted a bit more in depth knowledge as to how the supervisor fee and the nominee fee is calculated for the fees.(is it a % of the available contribution? etc) Could anyone kindly please shed some light on this? Any info is much appreciated
It will depend on the type of case and the firm you go to - however the most acceptable fees to creditors at present are nominee fees from between £1,000 to £3,000 and supervisory fees of around 15% of the contributions or assets introduced into the IVA. Contrary to popular belief, the IP fees are not set by ourselves but by creditors.
