We aim to make our website as accessible as possible. However if you use a screen reader and require debt advice you may find it easier to phone us instead. Our phone number is 0 8 0 0 1 3 8 1 1 1 1. Freephone (including all mobiles).
StepChange Debt Charity logo

Estimated cost for debt solutions

When considering a debt solution such as an individual voluntary arrangement, it's important to keep in mind that some involve fees that you may have to pay out of your own money.

We've outlined the different costs you may need to take into account depending on the kind of solution you've been recommended.


It will cost £680 to declare yourself bankrupt. There are further costs payable out of any asset realisations, including a £1,715 administration fee imposed by the official receiver and a fee based on a percentage of realisations charged by the Secretary of State (0% of first £2,000, 100% of next £1,700, 75% of the next £1,500, 15% of the next £396,000, then 1% thereafter). In addition there may be fees and expenses if a Trustee is appointed to realise assets.

Debt relief order

It will cost you £90 to apply for a DRO.

County court administration order

There’s a court fee every time you make a payment. This can’t be more than 10% of your debt.

Debt management plan 

Entering a debt management plan is free to clients if it's provided by StepChange Debt Charity. Other providers may charge a percentage of the money you pay to them.

Individual voluntary arrangement

The costs involved in an IVA are:

  • A Nominee fee
  • A Supervisor fee
  • Disbursements

The Nominee fee is the cost for assisting you to put to put the IVA proposal to your creditors. This is subject to approval by your creditor. Depending on who your creditors are and the amount of your monthly contribution it could be either the first 5 payments into the IVA or £2,000.

The Supervisor fee is 15% of any further contributions to cover the on-going costs of the IVA.

There are also other costs known as disbursements. These are expenses that we have to pay third parties and include bonding (insurance) to protect any money paid to your IVA, system maintenance and a registration fee to register the IVA with The Insolvency Service.

The cost of any legal advice specific to your circumstances may also be charged as a disbursement. If you own a property there will be expenses to cover the cost of any valuations of your property and land registry fees.

Your specific fees will be confirmed when your IVA proposal has been drafted. These are also subject to approval by your creditors.

If you were able to pay your creditors in full during the term of the IVA or if your IVA fails, the fees would not be refunded.

These fees are correct as of January 2018. However, we advise that you confirm the fees before proceeding.

Don't forget...

You can contact the IVA team if you need help with a significant budget change or with making your IVA payment. Our number is 0800 197 1713 and we're open Monday to Friday 9am to 5pm.

Want to know more about your IVA? 

There are lots of great articles on our website that can help you get the best out of your IVA. They include:

Helping you become debt free...

“I wish to thank your staff for all the great help they gave me when I was in so much debt.
They were a pillar of support to me.” (Leslie, Essex)

Foundation for Credit Counselling Wade House, Merrion Centre, Leeds, LS2 8NG trading as StepChange Debt Charity and StepChange Debt Charity Scotland. A registered charity no.1016630 and SC046263. It is a limited company registered in England and Wales (company no:2757055). Authorised and regulated by the Financial Conduct Authority.

We link to external websites where they contain relevant information for our visitors. We're not responsible for the content of these websites, or any infringement on your data rights under data protection regulations by any external website provider.

*This is the average rating of our service based on the StepChange reviews on Feefo by DMP and DRO clients three months into their solution.

© StepChange Debt Charity 2019