Creditors Guide to Insolvency Practitioner Fees
Creditor’s Guide to Fees
The Creditors’ Guide to Insolvency Practitioners Fees provides clarification of creditors’ rights concerning licensed insolvency practitioners’ fees. They illustrate how a licensed insolvency practitioner in the UK requests their fees, what information a creditor can expect to receive, and what a creditor can do if they are unsatisfied with the practitioner’s fees raised.
A requirement as detailed in the ‘Statement of Insolvency Practice 9’ creditors can access the link below for notes detailing their rights.
IPA – Creditors’ Guide to Fees
Guides for England & Wales
Guides for Scotland
Guides for Northern Ireland
Statement of Insolvency Practice 9 – payments to insolvency office holders and their associates (effective date 1 November 2011) and Statement of Insolvency Practice 7 – presentation of financial information in insolvency proceedings (effective date 2 May 2011) use the expression ‘suitable explanatory note’ which sets out the rights of creditors.
Previous versions of the creditors’ guides formed part of Statement of Insolvency Practice 9.