creditors guide to fees

The Creditors’ Guides to Fees published by the insolvency trade body,R3, provide explanations of creditors’ rights with regard to insolvency practitioners’ fees. They explain how an insolvency practitioner seeks approval of his fees, what information a creditor can expect to receive, and what a creditor can do if he is dissatisfied with the level of a practitioner’s fees.

creditors guide to fees

Statement of Insolvency Practice 9 requires insolvency practitioners to provide creditors with information on how find a suitable explanatory note setting out their rights, such as the below. The full text of SIP9 can be found [to provide] area of our website.

Liquidation: A Guide for Creditors on Insolvency Practitioner Fees. Version 5 – issued April 2021

Administration: A Guide for Creditors on Insolvency Practitioner Fees. Version 5 – issued April 2021

Bankruptcy: A Guide for Creditors on Insolvency Practitioner Fees. Version 5 – issued April 2021

Voluntary Arrangement: A Guide for Creditors on Insolvency Practitioner Fees. Version 5 – issued April 2021

Previous Versions can be found here:

Guide to Voluntary Arrangement Fees – Version 4 – issued April 2017

Guide to Liquidators Fees – Version 4 – issued April 2017

Guide to Bankruptcy Fees – Version 4 – issued April 2017

Guide to Administrators Fees – Version 4 – issued April 2017

Guide to Voluntary Arrangement Fees – Version 3 – issued October 2015

Guide to Administrators Fees – Version 3 – issued October 2015

Guide to Liquidators Fees – Version 3 – issued October 2015

Guide to Bankruptcy Fees – Version 3 – issued October 2015

Guide to Bankruptcy Fees – Version 2 – issued November 2011

Guide to Administrators Fees – Version 2 – issued November 2011

Guide to Voluntary Arrangement Fees – Version 2 – issued November 2011

Guide to Liquidators Fees – Version 2 – issued November 2011

Guide to Voluntary Arrangement Fees – Version 1 – issued April 2010

Guide to Liquidators Fees – Version 1 – issued April 2010

Guide to Bankruptcy Fees – Version 1 – issued April 2010

Guide to Administrators Fees – Version 1 – issued April 2010