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Fees

For details on the fees charged for Individual Voluntary Arrangements and Debt Management Plans, please click on the relevant link below:

Individual Voluntary Arrangement Fees
Debt Management Plan Fee Structure
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Debt Solution Indicator

The Debt Solution Indicator can only deliver a limited assessment of the best solution for you because of the level of personal information provided. By requesting a Call Back we can go through each option in detail and help you to decide which solution will enable you to deal your financial problems.

IVA Fees

  • The Nominee will charge a fixed fee for drafting the IVA Proposal document. The Nominee fee is usually taken from the initial monthly payments received from the customer until the fee has been settled.
  • The Supervisors fee is usually set at a fixed percentage of realisations which will be deducted from your monthly payment before being made available to creditors and are taken after the Nominee fee has been settled in full.
  • There are also disbursement costs which cover all the miscellaneous costs of setting up and maintaining an IVA, such as registration fee, insurance, etc.
  • We will discuss with you the fees for an IVA whilst working to produce the IVA Proposal document.

Undebt.co.uk Debt Management Plan Fee Structure

Explanation Set-up Fee Administration Fee
A Set-up fee will be charged for producing an income & expenditure document, liaising with all creditors and, from month one distributing monies. 50% x first six monthly payments. Nil
After month 6 a Monthly Admistration fee will be charged for the ongoing collection and distribution of monies to creditors and handling all communication. Nil 20% of monthly contributions for the lifetime of the DMP

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Contact Us

Telephone number:  0117 376 3523
E-mail: helpme@undebt.co.uk
Neil John Maddocks, Robert John Coad and Jonathan Law are licensed to act as Insolvency Practitioners in the UK by the Insolvency Practitioners Association. Registered Office: Methwold Gloucester Road Almondsbury Bristol BS32 4HQ

You can also find free-to-consumer debt advice at The Money Advice Service: https://www.moneyadviceservice.org.uk/en/tools/debt-advice-locator

Where Undebt.co.uk proposes and administers Individual Voluntary Arrangements (IVAs) we do so in the belief that an insolvency appointment is likely and therefore the most appropriate debt solution.

Undebt.co.uk Ltd registrations are as follows: Registered in England & Wales No. 08229616. Data Protection Act 1998 registration number ZA039053.

Undebt.co.uk is authorised and regulated by the Financial Conduct Authority and is permitted to offer debt counselling and debt adjusting services for a fee. IP No. 658188

You can find out more about dealing with your creditors in a guide produced by the Insolvency Service: In Debt - Dealing with your creditors.

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