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Creditors' fee guides

Statement of Insolvency Practice 9 (SIP9) - remuneration of Insolvency Office Holders - issued by the Association of Business Recovery Professionals (R3), provides for the rights of creditors in relation to insolvency practitioners' fees to be brought to creditors' attention.

Hourly Fee Rates as at 1 January 2014

Detail £
Director (Appointment Taker) 250-300
Manager 200
Administrator 120-150
Junior Administrator 80

The following are the respective guides for each type of insolvency. They explain the basis on which the insolvency practitioners' fees are fixed, how they are approved, what information creditors can expect to receive and what creditors can do if they are dissatisfied with the level of fees.

Version 4 - Issued April 2017 - Updated for The Insolvency (England & Wales) Rules 2016

Version 3 - Issued October 2015

Version 2 - Issued November 2011

Version 1 - Issued April 2010