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Fees and Key Information

If you choose to take out a debt solution with us, here is some important information for you to make a note of.
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IVA Fees Explained

If you enter an Individual Voluntary Arrangement (IVA), there will be fees involved. These are standard across all IVA providers and are only charged if your IVA is approved. All costs are
included in your agreed monthly payment, so there are no separate bills.

The fees typically cover:
- Nominee’s Fee: for setting up your IVA and preparing the proposal.
- Supervisor’s Fee: for managing your IVA throughout its duration.
- Costs and Expenses: administrative charges agreed by your creditors.

The exact level of fees is decided by your creditors and may sometimes be reclaimed from the arrangement. Importantly, you will not be charged any fees if your IVA is not approved.

By choosing an IVA, you can spread payments into one affordable monthly plan, with fees already built in, giving you peace of mind and clear debt management.

IVA Nominee’s Fees

When setting up an Individual Voluntary Arrangement (IVA), a licensed insolvency practitioner acts as your Nominee.

The Nominee’s fee covers the professional work required to prepare and propose your IVA, including:
- Drafting your IVA proposal: outlining the terms of your arrangement and providing creditors with a full overview of your financial situation.
- Organising the creditors’ meeting: where your proposal is reviewed and voted on.

The Nominee’s fee usually ranges between £1,750 and £1,900, though it may be capped by your creditors. This fee is normally paid first from your IVA contributions, before any repayments are distributed to creditors.

This ensures that all the legal and administrative work needed to set up your IVA

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IVA Supervisor’s Fees

Once your Individual Voluntary Arrangement (IVA) is approved, a licensed insolvency practitioner will act as your supervisor. The Supervisor’s fees cover the ongoing management of your IVA, ensuring that your monthly contributions are collected and distributed fairly to creditors.

These fees may be charged in different ways:
- A fixed amount,
- A percentage of the realisations (payments made into your IVA), or
- A combination of both.
Typically, Supervisor’s fees are around 15–18% of any money received, including:
- Your regular IVA monthly contributions,
- Assets or windfalls (e.g. equity in your property, successful PPI mis-selling claims, or inheritance received during the IVA term).

Alternatively, the fee may be set as £1,750 plus 15% of additional funds received outside of your agreed monthly payments.

By covering these administrative costs, Supervisor’s fees ensure your IVA is managed smoothly and creditors are paid in line with the terms of your arrangement.

IVA Disbursements & Costs

Disbursements are third-party payments made to cover essential expenses when setting up and running an Individual Voluntary Arrangement (IVA)
 
These may include:
- The cost of registering your IVA with the Insolvency Service.
- The required insurance bond, which is a legal safeguard.

The exact disbursement fees will always be outlined clearly in your IVA proposal. These costs must be approved by your creditors and, in some cases, may be adjusted before the proposal is formally accepted.

By law, disbursements are necessary to ensure that your IVA is legally compliant, secure, and properly registered, giving both you and your creditors peace of mind.

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Key Information

At Care About Money, we do not directly provide debt solutions. Instead, we offer free, no obligation
referrals to trusted and authorised insolvency practitioners who can provide the right debt solution for your circumstances.

We may receive a referral fee from these providers, but only if you agree to proceed with the solution that is offered.

All the insolvency practitioners we work with are fully regulated in the UK by:
- The Insolvency Practitioner’s Association (IPA), or
- The Institute of Chartered Accountants in England and Wales (ICAEW).
This ensures that every solution we recommend is safe, compliant, and overseen by licensed
professionals who follow strict regulatory standards.

Together, we’ll help you resolve your debt problems in the best way for you.
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Care About Money Limited
Registered Office: The Granary 50 Barton Road, Worsley, Manchester, England, M28 2EB. Registered in England and Wales Registration number 13444035. ICO registration number ZB723901.

Care about money Ltd FRN 962287 is an appointed representative of Promethean Finance Limited FRN 662425.

Subject to eligibility and acceptance. Fees Payable. Debt write off applies to unsecured debts only and on completion of an IVA. If your IVA fails, it could lead to Bankruptcy, although this is rare and alternatives may be available. Your ability to obtain credit will be affected for the medium to long term. Homeowners may be required to release the equity in their property, if unable to release equity and equity is available creditors may request an additional 12 months payments in compensation.
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Care About Money does not directly provide debt solutions, it will provide advice and refer you to one of it’s trusted debt solution providers should you choose a solution that suits your requirements. We will receive a fee if you enter into an agreement with one of our partners. Adele Cardoso is licenced as an Insolvency Practitioner in the UK by the Insolvency Practitioners Association.

All work undertaken by Arkle Insolvency Limited and Adele Cardoso (IP number 30710) is subject to the Insolvency Code of Ethics. Subject to eligibility and acceptance. Fees Payable. Debt write off applies to unsecured debts only and on completion of an IVA. If your IVA fails any debts remaining will not be written off. Failure of your IVA could lead to Bankruptcy, although this is rare and alternatives may be available. Your ability to obtain credit will be affected. 
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