Oireachtas Joint and Select Committees

Wednesday, 30 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process (Resumed): Insolvency Service of Ireland

11:00 am

Mr. Lorcan O'Connor:

Ultimately, it is for the market to decide. A significant number of practitioners have stated that they will not charge upfront fees. In the UK, private practitioners do not charge upfront fees for individual voluntary arrangements, IVAs. Instead, their fees are taken out of the dividend payments made during an arrangement's lifetime.