Was your original figure your overall total debt or what you agreed with your IVA? You will always owe the full amount of your debts plus fees and possible statutory interest. If you let your IVA fail you run the risk of creditors adding on interest and charges which means you will end up owing more.
Which company are you with?
It's not something you would need to worry about unless you had sufficient funds to pay everything off in full, which would then mean the entire debt plus interest and total costs as Kallis pointed out.
Both you and the creditors agreed to these costs when you signed the paperwork.
chrissy12345 wrote:i'd ask the IP to justify why that kind of charge is fair and reasonable, which he is required to do, and if he can't, report him.
The fee structure is contained within the proposal and Chairman's Report -- it shouldn't come as a surprise and was agreed by all parties at the time.
If the OP's full debt was £15,000 I would expect Nominees fees in the region of £1500, then Supervisors fees at 15% would come in at £2250 if he paid the full debt. Then there would be in the region of £300 - £500 disbursements ... so the three thousand mentioned doesn't strike me as unreasonable.
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