Insolvency Service (UK)

The Insolvency Service in the UK is a government agency responsible for overseeing bankruptcies and insolvencies. It provides support to individuals and businesses struggling with debt, helping them navigate the process of declaring insolvency. The Service also protects the interests of creditors and ensures fair treatment during insolvency proceedings. Additionally, it investigates wrongdoing related to insolvency and enforces regulations to maintain trust in the financial system. Overall, the Insolvency Service plays a crucial role in helping people and businesses manage financial difficulties and start afresh when necessary.