How We Get Paid
At Get Help With Debt we only receive fees if your IVA is approved by creditors.
Get Help With Debt cover all the costs incurred to set up your IVA and prepare your proposal, along with the costs of sending this to your creditors.
IVA Fees
All Insolvency Practitioners receive fees for setting up and supervising an IVA and the level of the fees is agreed and confirmed by your creditors at the IVA creditors meeting. The good news is the fees for your IVA will be paid through the funds you have proposed to pay into your IVA either by monthly payments or as a lump sum. So, there are no hidden fees or additional charges.
You have the comfort and security of knowing that your debt will not increase if for any reason your IVA is rejected, unlike other companies who may ask you to pay these costs.
If after speaking to one of our experienced advisers you qualify for an IVA and you choose this option, you have the reassurance that with our excellent relationships with creditors and our staff’s extensive knowledge that it is extremely likely that the IVA will be accepted.
Our IVA acceptance rate is 96% of the IVA’s we propose. If any creditor was to reject your IVA, we negotiate and challenge them in order to get the vote overturned to get you the best possible outcome.
An IVA has three different types of fees received by the Insolvency Practitioner. These are:
Nominee's Fee
This fee covers the setting up and preparation of your IVA. This includes assessing your current financial situation and your repayment offer to creditors, issuing the proposal to your creditors, the administration and facilitation of the creditors’ decision process used to consider the IVA, and any negotiations with creditors during this process.
Supervisor's Fee
These fees are charged for the ongoing administration of the IVA which includes collecting and distributing your monthly repayments, dealing with any queries raised by you or your creditors, completing an annual review of your financial circumstances, reporting annually to you and your creditors about the progress of the IVA, and dealing with the closing formalities.
Disbursements
These are costs paid by the IP to third party companies for various costs and expenses of administering the arrangement and will typically include software licences, insurances, and registrations that are required as part of the arrangement. These may also include payments made for the provision of additional services to provide the best return for your creditors.
In this section you’ll find advice about:
- Nominee's Fee
- Supervisor's Fee
- Disbursements
Our Work
Thanks for taking away the hassle and worry of dealing with my creditors and I am determined to see this through. Everything was easier than I thought it was going to be, and it was nice to know that when you said we would get the paperwork that day we got it that day!
John, Belfast
It all started with a phone call from a strange number that I was reluctant to answer but am thankful I did. My IVA was sorted in a few weeks after struggling for years. You have been lifesavers and a massive weight has been lifted from me. Thank you thank you thank you.
J&S C, Antrim
Absolutely amazing, big thanks to the IVA team especially Darren who done amazing work on getting my IVA approved then getting my full and final offer accepted. These guys have taken a huge weight off my shoulders, anyone that is struggling with debt should 100 % contact these guys.
Mark
Yes, it was stressful in places, yes it took longer than I hoped and yes I sometimes wondered if it was not going to end but we got there and I’m now out of the IVA and debt free. Keep up the great work guys you are desperately needed to help others in the same position.
Anon
Fantastic service from Tom and his team. Tom has a wealth of knowledge and knows the industry really well. He really listened to my concerns and prepared lots of solutions for me.
Maria
Talking to professionals about your debt worries is the first difficult step. Right from the outset Tom Cardwell was understanding, sympathetic and immediately removed my worst fears and put my mind at ease.
Anon
Finally have a light at the end of a long tunnel as my IVA to clear my negative equity has been approved. It was not stress free and has taken years to get here but it is sorted and that’s the main thing.
Anon
