Judge (role in insolvency proceedings)

In insolvency proceedings, a judge plays a crucial role in overseeing the legal process when an individual or business cannot pay its debts. The judge ensures that the process is fair to all parties involved, including creditors and the debtor. They authorize or deny bankruptcy filings, approve repayment plans, and manage the distribution of assets if necessary. The judge also resolves disputes that may arise during the proceedings, ensuring that the law is followed and that the rights of all stakeholders are protected throughout the insolvency process.