Accountant in Bankruptcy

The Accountant in Bankruptcy (AiB) is a Scottish government agency responsible for overseeing the process of personal bankruptcy and debt management. Its key roles include administering bankruptcies, managing the sale of assets to repay creditors, and providing guidance to individuals facing financial difficulties. The AiB also plays a role in regulating insolvency practitioners and ensuring compliance with bankruptcy laws. Overall, the agency aims to support individuals in resolving their debts while maintaining fairness for creditors and promoting responsible financial practices.