IVA FAQ's

What does an IVA cost to set up?

Fees are payable but unless your circumstances are exceptional your creditors will normally agree that they be deducted from your agreed payments as an allowable cost of the arrangement. For your protection, the law provides that the fees that are to be paid to us for assisting you with the preparation of your proposal and subsequently supervising the IVA will be disclosed in the proposal itself. Your creditors will generally be happy to allow us to take our fees out of your payments as we are also acting on behalf of them as well as you.

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