UHY Hacker Young | Chartered Accountants

Creditors’ Guide to Fees

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:

Administrators Fees

Bankruptcy Fees

Voluntary Arrangement Fees

Liquidators Fees

Charge Out Rates – May 2013

Statement of Insolvency Practice 9

The next step

If you think your business may be at risk of insolvency please get in touch so we can help.