How do Insolvency Practitioners make their money?
Insolvency practitioners take their commission fee from your creditor’s payments. This means that you are not directly paying for the service, your creditors are. The amount the trustees get varies between practitioners and the size of your IVA. We deal with one of the United Kingdom’s largest debt management companies who will advise you more on whether an IVA is the best solution for you.
Related Questions
- I am based in England and Wales and I am owed money by someone who is subject to insolvency proceedings in another country, how can I let the person dealing with the proceedings know about my claim?
- Can the debtor borrow money while under a Personal Insolvency Agreement?
- Who are insolvency practitioners (IPs)?
