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Posted: Sun Oct 16, 2011 10:37 pm
by adambeattie86
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
Posted: Mon Oct 17, 2011 12:18 am
by MelanieGiles
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.
Hope this helps