E-insolvency is a free service open to individuals and businesses on 0800 074 6918 E-insolvency is totally independent and funded by via donations and subscriptions from a nation-wide network of professional practices in the United Kingdom. It does not advertise its services, which is very reassuring as this sets its image apart from those organisations who advertisements appear in the national press and television. IVA fees The cost of an IVA will be incorporated into the IVA monthly payments made. The monthly amount paid into the IVA will cover the payments to your creditors as well as the cost and fees for carrying out the IVA. Please note that if the IVA fails at creditors meeting or you change your mind we you will not have to pay any cost or fees for this work whatsoever. Protected Trust Deed (PTD) fees (in Scotland) The cost of an PTD will be incorporated into the PTD monthly payments made. The monthly amount paid into the PTDwill cover the payments to your creditors as well as the cost and fees for carrying out the PTD. Please note that if the PTD fails at creditors meeting or you change your mind we you will not have to pay any cost or fees for this work whatsoever. Debt Management fees There are 2 types of debt management plans available:- 1) Fees paid via the monthly installments. The service is to be financed by the debtors, who will pay a percentage of money distributed by the debt management organisation. 2 Fees paid by creditors. Here The service is to be financed by the creditors, who will pay 9% of money recovered by the system to the debt management organisation. Company and Corporate Insolvency Fees When you liquidate or close a company is understand the fee and budget properly. Alot of directors say "If we are going through financial difficulties, how can we afford your fees?" Let this be our concern. This is our area of expertise and in many circumstances what might appear an impossible situation is an everyday issue to us where in many cases we may be able provide a solution and free up working capital for you. The Licensed Insolvency Practitioners that carry out the work charge a fixed fee for a meeting of creditors and subsequent fees are usually charged to the realisation or distribution of assets (subject to the appropriate approvals). This means that the direcoctors or owners of the businesses pay no fees out of their own pockets.
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