Our Fees & Services

Any consultation or advice we offer is free up to the point of proceeding with a solution after which fees are payable.

You will only be charged fees if your IVA is approved by your creditors and our fees are only taken from your monthly payments or any asset realisations paid into your arrangement.

We also offer, as part of your proposal, to start distributing a percentage of the payments made by you within 90 days of commencement of the Individual Voluntary Arrangement, or within 30 days of receipt of your third monthly contribution, whichever is later, which means the balances owed to your creditors are starting to reduce. In some cases, creditors amend the terms of the IVA so that we are not required to make payments to them until the Nominees fees and Disbursements have been repaid.

The fees involved in an IVA are the Nominee’s fee and Supervisor’s fees. These fees are set by the creditors who are included in the IVA and are taken from the monthly payment you make into the IVA. In addition to these fees, there are costs called ‘Disbursements’

Nominee’s Fee

A licensed Insolvency Practitioner (IP) must act as Nominee on an IVA. The Nominee’s fee covers the work carried out by the IP in the setting up and preparation of your IVA.

It is a fixed fee and is decided by your creditors included in the IVA.

Typically, the Nominee’s fee will be around £1,000, though the exact amount depends on a number of factors including your disposable income, the terms of the IVA and your creditors.

The Nominee’s fee covers the work and legal costs that goes into setting up your IVA – a process which includes:

  • Drawing up your IVA proposal. This is the document which must be approved by enough of your creditors for your IVA to start.
  • Setting up the creditors meeting. At this meeting, your creditors will decide whether to formally approve your IVA proposal, reject it or make changes to it.
  • Assessing any suggested changes. If creditors have requested changes to your IVA proposal, your Insolvency Practitioner will advise you on whether you should accept those changes – or consider a different approach to your debt problems.

Supervisor’s Fee

A licensed Insolvency Practitioner (IP) must act as Supervisor for the full term of an IVA. The Supervisor’s fee covers the work carried out by the IP acting as Supervisor.

It is a fixed percentage of each monthly payment. This percentage is decided by your creditors included in the IVA and is typically 15-20% of the contributions made towards the IVA, after the Nominee’s fees have been cleared.

This covers the ongoing supervision and maintenance of your IVA up until completion. It covers:

  • Managing any day to day issues that may arise to ensure your IVA runs smoothly
  • Dealing with any queries you or your creditors may have
  • Collecting and distributing your monthly repayments
  • Supervisor’s expenses such as legal and administration costs
  • Completing an annual review of your financial circumstances – reporting annually to you and your creditors about the progress of the IVA
  • Dealing with the closing formalities


These are costs paid by the IP to third party companies for software licences, insurances, and registrations that are required as part of the arrangement. These may also include payments made for the provision of additional services to provide the best return for your creditors.

Typically, the Disbursements of the arrangement equate to around £1,900 per case.

Below is a typical example of the costs and fees charged in an IVA, where the client has £18,000 worth of unsecured creditors and is making monthly repayments of £150 in the IVA (£9,000 in total over 60 months)*

The Nominee’s fee


The Supervisor’s fee**


The Supervisor’s Disbursements


Total repaid to unsecured creditors


Total written off by unsecured creditors


*This example is for illustration purposes only and actual repayment amounts, and debt write off will be dependent on individual financial circumstances.
**15% of further monthly payments once the Nominee’s fee has been satisfied.

Fixed Fees

Dependant on your creditors’ preference, the IVA may be agreed on a “fixed fee” basis, whereby higher Insolvency Practitioner fees are sanctioned on the agreement however other associated Disbursements are not charged in addition. Typically, this is proposed as a Nominee fee of £1,900 and a Supervisor fee of £1,750 and out of each fee; all Disbursements incurred are paid.

Adam Boys is authorised in the UK to act as an Insolvency Practitioner by the Insolvency Practitioners Association. We provide insolvency solutions to individuals; specialising in Individual Voluntary Arrangements which comply to the IVA protocol.

We do not administer or provide advice solely relating to debt management products, such as Debt Management Plans. We do not currently offer advice relating to Scottish Insolvency Solutions such as Protected Trust Deeds, Debt Arrangement Schemes or Sequestration.

We only provide advice after completing or receiving an initial fact find where the individual(s) concerned meet the criteria for one of our insolvency solutions, therefore, all advice is given in reasonable contemplation of an insolvency appointment.

You can also visit the Money Helper to find out more about managing your money and to get free advice. They are an independent service set up to help people manage their money.

Registered Office: 191-195, Chaddock Lane, Worsley, Manchester, England, M28 1DW

Company No: 09815663 ICO Registration: ZA154692