The Supervisor’s Fee is paid for the ongoing supervision and administration of the IVA over its term. This includes collecting and distributing your monthly payments, dealing with any queries raised by you or your creditors, completing an annual review of your income and expenditure, reporting annually to you and your creditors about the progress of the IVA, and formally closing the IVA.
We will propose a fixed Supervisor’s fee of up to £2,050 plus up to 15% of any funds received other than the monthly contributions, for example, windfalls or compensation for mis-selling claims.