Accountant in Bankruptcy (AiB)

Accountant in Bankruptcy (AiB) is the Scottish government agency responsible for managing personal bankruptcy, debt arrangements, and insolvency procedures. It provides guidance and oversees processes like debt relief orders and protected trust deeds, helping individuals resolve unmanageable debts legally and fairly. AiB aims to support people in regaining financial stability while ensuring creditors’ rights are balanced. Essentially, it acts as a structured intermediary to facilitate debt resolution in accordance with Scottish law.