There are also other costs known as disbursements. These are expenses that are paid to third parties during your IVA and include insurance to protect any money paid to your IVA, system maintenance fees
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and a registration fee to register the IVA with the Insolvency Service.
The cost of any legal advice specific to your case may also be charged as a disbursement. If you own a property there will be expenses to cover the cost of any valuations of your property and land registry fees.
If you were able to pay your creditors in full during the term of the IVA or if your IVA fails, the fees would not be refunded.
Your specific fees will be confirmed when your IVA proposal has been drafted. These are also subject to approval by your creditors.