England and Wales Insolvency Service

The England and Wales Insolvency Service is a government agency responsible for overseeing the regulation and functioning of insolvency practices within these regions. It ensures that companies and individuals facing financial difficulties follow the correct procedures to resolve debts, such as bankruptcy or company liquidation. The service aims to protect creditors, promote fair treatment, and maintain confidence in the financial system. It also monitors insolvency practitioners to ensure they act ethically and competently. Overall, it helps manage financial distress efficiently, supporting economic stability and fair recoveries for both debtors and creditors.