Creditors’ guides to IP fees

If you think your business may be in trouble, then we have all the information you will need to make a decision on how to protect your business and get that second chance you may be looking for. Information is the most important tool at your disposal and will guide you on what to expect and when to expect it.

These guides relate to fees for insolvency practice and explain to creditors their rights under legislation in the different types of insolvency proceeding, both corporate and personal.

These guides are produced by R3 and provide information on the bases on which insolvency practitioners’ remuneration is fixed in a format suitable for making creditors aware of the relevant legislative provisions. They also explain creditors’ rights to seek further information about and challenge the level of remuneration, disbursements and other expenses.

Previous versions of the creditors’ guides formed part of Statement of Insolvency Practice 9.

You will find essential facts on all the main insolvency procedures. Our experts deal with struggling businesses on a daily basis, so you can be sure the information is up to date and reliable.

Statement of Insolvency Practice 9 – payments to insolvency office holders and their associates (effective date 1 November 2011)

Statement of Insolvency Practice 7 – presentation of financial information in insolvency proceedings (effective date 2 May 2011)

These guides may be used as that explanatory note.

Creditors’ guides England and Wales – effective from 6 April 2017

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