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They say these bounteous fees reduce the money left for creditors in the bankruptcy cases.
Those fees reduce the return and the value of the tax deferral.
The government lacks the numbers to pass the bill, which would remove caps on university fees, reduce average course subsidies by 20% and extend funding to sub-bachelor degrees and private universities.
Lawyers are planning protests outside parliament in opposition to the Ministry of Justice's proposals, which aim to cut fees, reduce funding of judicial reviews and save a further £220m out of the legal aid budget.
And, again, if you have an account that uses an active money manager, the fees reduce your total return and you may not make what you need to.
Similar(55)
The downside is that private equity managers extract huge fees, reducing pensioners' gains.
Management and performance fees reduced this figure by 3.79 percentage points.
In response, programs are raising fees, reducing the number of children they serve or even closing their doors.
But some employment lawyers argue that the introduction of fees reduces the incentive for employers to agree to early settlements.
Others face staff cuts, shorter opening hours, higher entrance fees, reduced programmes, shifts in management and even relocation.
Nasdaq market makers, which must pay the fees on shares they buy and sell for their own account, are especially anxious to see the fees reduced.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com