IVA Advice - What is the Cost of an IVA?

IVA Advice

You do not pay anything other than your agreed, fixed monthly contribution. An IVA can only be prepared for you by a qualified licensed insolvency practitioner, so there are inevitable professional fees . However, all fees are paid for from the contributions you make and which are agreed by your creditors.

We believe that the cost of an IVA with ClearDebt is far lower than that offered by any other IVA provider. We keep costs low by collecting much of the required information over the internet from you and by using tailor-made automated procedures and specialist administrators to push our cases through.

By keeping our fees lower than our competitors more of your contributions will go to your creditors which means they are more likely to accept your IVA proposal than might otherwise be the case.

ClearDebt Limited only deal with IVAs. This means all our structures are streamlined to eliminate unnecessary cost and wasted time.

In addition, ClearDebt relies mainly on the internet to advertise our services and we do not spend large, wasteful amounts on glossy advertising – we believe the quality of our service will speak for itself.

ClearDebt earns IVA fees, like other IVA companies, in two ways:

1) The ClearDebt Nominee’s fee (the fee for putting together the proposal and presenting it to your creditors) for a simple IVA varies from £650 to £2,500 depending on the amount of your debt and number of your creditors. A simple IVA is generally where you are an employed person with, bank loans, store, and credit card debts. If you are a sole trader, partner in a business or have complicated affairs our fees may occasionally be higher – but we will explain the reasons if they are higher than our standard.

2) The Supervisor's fee: ClearDebt charges up to a maximum of 15% of all contributions you make over the period of the IVA, taken monthly, in fulfilment of the supervisory role.
Remember – these fees are included in the agreed amount that you pay each month. There are no additional or hidden fees.

Remember – these fees are included in the agreed amount that you pay each month. There are no additional or hidden fees.

Debt Solution - IVA: IVA Advice

Please contact ClearDebt to discuss a debt solution and for IVA help and IVA advice.
Our bankruptcy advice and our IVA advice is free and we want to help you to avoid bankruptcy.

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