Who pays for the IVA?
An IVA’s administration costs form part of the IVA arrangement, with creditors having control over the level of fees being charged by the Insolvency Practitioner for doing the work on the IVA case. The debtor pays money into his IVA fund each month for the benefit of his creditors and the IVA fees are deducted from this IVA fund. Therefore, the IVAs costs are paid for by the creditors.
