{"id":11189,"date":"2010-10-18T15:14:13","date_gmt":"2010-10-18T14:14:13","guid":{"rendered":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/?p=11189"},"modified":"2019-08-07T15:17:01","modified_gmt":"2019-08-07T14:17:01","slug":"who-pays-iva-fees","status":"publish","type":"post","link":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/who-pays-iva-fees\/","title":{"rendered":"Who pays IVA fees?"},"content":{"rendered":"\n<p>Before entering an Individual Voluntary Arrangement people may be  concerned about payment of fees. This should not be a worry since it is  really the creditors who pay the fees. Monies which the insolvent debtor contributes to the IVA go towards repayment of his or her debts. These contributions make up <strong>\u2018the IVA fund\u2019<\/strong> and the fees of the IVA are paid from this fund.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Insolvency Practitioner (IP) acts as the Supervisor of the IVA  (after the debtor\u2019s proposals are approved at the Meeting of Creditors)  and receives the contributions from the debtor over the life of the IVA  and is responsible for controlling the fund and making payments from it.  <\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"686\" height=\"700\" src=\"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-content\/uploads\/2019\/08\/Fotolia_18401067_S-1.jpg\" alt=\"Paying IVA fees\" class=\"wp-image-11194\" srcset=\"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-content\/uploads\/2019\/08\/Fotolia_18401067_S-1.jpg 686w, https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-content\/uploads\/2019\/08\/Fotolia_18401067_S-1-294x300.jpg 294w\" sizes=\"auto, (max-width: 686px) 100vw, 686px\" \/><\/figure>\n\n\n\n<p>These payments can be broadly broken down into three types: dividends  to creditors; fees payable to the IP and disbursements such as the cost  of registration of the IVA, insurance and VAT on transactions. Fees are  agreed by all parties when the Meeting of Creditors approves the IVA.  The IP may not charge more than the agreed amounts without the express  permission of the creditors. \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Before entering an Individual Voluntary Arrangement people may be  concerned about payment of fees. This should not be a worry since it is  really the creditors who pay the fees. <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[7],"tags":[],"class_list":["post-11189","post","type-post","status-publish","format-standard","hentry","category-iva-articles"],"_links":{"self":[{"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/posts\/11189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/comments?post=11189"}],"version-history":[{"count":1,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/posts\/11189\/revisions"}],"predecessor-version":[{"id":11195,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/posts\/11189\/revisions\/11195"}],"wp:attachment":[{"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/media?parent=11189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/categories?post=11189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/tags?post=11189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}