How much does an IVA cost - what are the fees?

The cost of an IVA comes in two parts:

• Firstly, the ‘nominee's fee’, which is for services provided up to the date of the creditors’ meeting, and
• Secondly, the ‘supervisor’s fee’ which is for overseeing the IVA from the date of the creditors’ meeting onwards.

You will not personally have to pay any fees because:

firstly, when the arrangement is approved, our fees will come out of the monthly contributions you pay into the arrangement, before creditors are paid, and

secondly, we will not charge you a fee in the unlikely event that the arrangement is not approved

So, what you agree to pay is what you pay – and you don’t pay anything over and above that amount and it’s the creditors who decide on the level of remuneration that we receive.

Getting in touch with an insolvency expert for free debt advice is as easy as picking up the phone.  Call the Leeds Debt Advice Helpline on free phone 0800 169 1536