What is the cost of an IVA?

An IVA can only be prepared for you by a qualified licensed insolvency practitioner, so there are inevitable professional fees. We will only charge you a fee if your Individual Voluntary Arrangement (IVA) is proposed and accepted by your lenders.

All fees are paid out of – not in addition to – your regular affordable monthly payments.

Once your IVA has been accepted, the fees you pay will be:

1) A nominee’s fee

2) Supervisor’s fees

3) Costs/expenses


Nominee’s fee

This fee covers our professional costs and charges for arranging your IVA including:


It will typically be between £1,000 and £3,000 and is often capped to an amount equal to your first 5 months’ IVA payments.

The Nominee’s fee will be paid first before any payments are made to your lenders.

Supervisor’s fees

The Supervisor’s fees cover the ongoing work involved in running your IVA and is calculated as a percentage of “realisations”: typically it is charged at 15% of any money received by the Supervisor and distributed to your lenders, such as your monthly contributions, any assets (e.g. the equity in your property, successful PPI mis-selling claims) and windfalls (e.g. an inheritance) that you receive during the term of your IVA.


We are also entitled to claim back the cost of certain expenses (such as postage, insurance, etc) incurred directly in connection with the running of your IVA.

The amount of our fees will be clearly set out your IVA Proposal. They must be approved, and may be changed before it is accepted, by your lenders.

The average fees paid by our clients are currently:

Nominee’s fees     £1,383

Supervisor’s fees  £1,575

Supervisor’s costs    £912


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