Insolvency and Trustee Service Australia (ITSA)

Insolvency and Trustee Service Australia (ITSA) is a government agency responsible for managing personal insolvencies, such as bankruptcies, and overseeing the administration of deceased estates and some corporate insolvencies. It acts as a central authority, ensuring that the processes are transparent, fair, and compliant with relevant laws. ITSA maintains records, provides information to creditors and the public, and facilitates the work of registered trustees who handle debtors’ financial affairs. Its role helps maintain trust in the financial system, protect creditors’ interests, and support individuals or businesses facing financial difficulties.