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
|Director/Officeholder||275 - 300|
|Manager||150 - 225|
|Administrator||100 - 150|
|Other Staff||50 - 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