In the majority of cases, the Insolvency Practitioner will take his fees out of the realisation of the company’s or individual’s assets. Where there are no or insufficient assets to cover fees, the Insolvency Practitioner may ask the director or a third party to fund the procedure. In all cases, we will ensure that this is transparent before any work is carried out.

Insolvency Practitioners’ fees are highly regulated and are typically set and approved by the creditors. An independent insolvency professional body, R3, has issued the following guidance booklets relating to the various types of insolvency procedure undertaken by the Insolvency Practitioner.

Guide to fees effective from 01 April 2021:

• A creditors guide to administrators fees April 2021
• A creditors guide to insolvency practitioner fees under a voluntary arrangements April 2021
• A creditors guide to liquidators fees April 2021
• A creditors guide to trustees fees April 2021
• Charge-out rate and Expenses Policy
• Shareholders Guide to Fees in Members Voluntary Liquidation April 2021

Old fee guides:

• A creditors guide to administration fees April 2017
• A guide to bankruptcy creditor fees April 2017
• A guide to liquidations creditor fees April 2017
• A guide to voluntary arrangement creditor fees April 2017
• Members’ guide to liquidator’s fees April 2017
• A guide to liquidator’s fees effective 01 Oct 2015
• A guide to administrator’s fees effective 01 Oct 2015
• A guide to trustee’s fees effective 01 Oct 2015
• A Creditors’ guide to voluntary arrangement fees pre April 2017
• Members’ guide to liquidator’s fees
• A guide to administrator’s fees pre 01 Oct 2015
• A guide to liquidator’s fees pre 01 Oct 2015
• A guide to trustee’s fees pre 01 Oct 2015
• R3 guide to creditors committees