Typical Costs
There are fee's involved which are typically a fixed fee between £2,500 and £4,500.
The actual fee will depend upon the individual's circumstances.
Fees charged can vary for a number of reasons:
- The fee structure of the Insolvency Practitioner instructed
- The complexity of your personal circumstances
- The level of fees that your creditors will allow the firm to charge
Typical Example
Unsecured Debts of £24,000
Monthly Contribution £250
Total repayments to creditors £9,500
Total Fees £2,500
Total Repayment £12,000
Trust Deeds can only be administered by a qualified Insolvency Practitioner who is regulated by law and must be a member of an approved governing body.
All Trust Deeds offered by 123 Debt Solutions Ltd will be administered by a trusted third party.
Before any solution can be offered 123 must complete a thorough assessment of your Income and Expenditure and financial situation. Repayments will be based on the disposable income and will vary dependent upon the circumstances of the individual.