The creditors’ guide to fees is an invaluable aid to creditors, providing details of their rights with regards to insolvency practitioners’ fees.
The guide provides information on how an insolvency practitioner seeks approval for the fees they charge, what information they can expect to receive, and what they can do if they are unhappy with the level of a practitioner’s fees.
The creditors’ guide to fees form appendices to the Statement of Insolvency Practice (SIP) 9; ‘Remuneration of insolvency office holders in England and Wales’, and are issued by the Association of Business Recovery Professionals (R3), who set out the standards insolvency practitioners are expected to meet. SIP are issued to insolvency practitioners with a view to maintaining standards by setting out required practice and harmonising practitioners’ approach to particular aspects of insolvency.
Please view the following creditor guides:
From November 2011:
Post April 2010:
Post April 2015:
Post April 2017: