The creditors’ guide to fees is a vital aid to all creditors, detailing their rights regarding insolvency practitioners’ fees. This guide gives details on how an insolvency practitioner gets approval for the fees they charge; what information they can expect to receive, and what can be done if you’re not happy with the amount of a practitioners’ fees.
The creditors’ guide to fees is based on appendices to the Statement of Insolvency Practice (SIP) 9; ‘Remuneration of insolvency office holders in England and Wales’. These are issued by the Association of Business Recovery Professionals (R3), who set out the standards insolvency practitioners are expected to meet. SIP’s are issued to insolvency practitioners with a view to maintaining standards, setting out required practice and harmonising practitioners’ approach to particular aspects of insolvency.
You can find our current creditors’ guides here:
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