Office of the Accountant in Bankruptcy

The Office of the Accountant in Bankruptcy is a government agency that oversees bankruptcy proceedings in certain jurisdictions, primarily in Scotland. Its main responsibilities include managing the administration of bankruptcies, ensuring fair treatment of creditors and debtors, and safeguarding public funds. The office also handles the registration of bankruptcies and provides guidance to individuals and businesses facing financial distress. By maintaining oversight and accountability, it helps facilitate the process of financial recovery for those in debt while protecting the interests of creditors.