For creditors looking to better understand how Individual Voluntary Arrangements (IVA, Company Voluntary Arrangements (CVA), and Debt Relief Order (DRO) fees work, here are the latest guides for creditors from the Association of Business Recovery Professionals:
- Creditor’s Guide to Individual Voluntary Arrangements
- Creditor’s Guide to Company Voluntary Arrangements
- Creditor’s Guide to Debt Relief Orders
The report explains how the amount of money available for creditors is affected within each of these arrangements work, particularly related to the fees charged by Insolvency Practitioners. It also covers the role of a creditor in arrangements, and what information that creditors are entitled to.
For anyone in debt – these reports explain to your creditors how the amount you owe them is affected by the inclusion of your insolvency practitioner’s fees as they set up your arrangement and negotiate on your behalf.