Office of the Official Receiver

The Office of the Official Receiver is a government body that manages cases of bankruptcy and insolvency. When individuals or businesses cannot pay their debts, the Official Receiver steps in to oversee the process, ensuring that creditors are paid fairly as much as possible. They also investigate the reasons behind the financial failure to prevent fraud and protect the interests of the public. In essence, their role is to facilitate the orderly handling of financial distress and promote responsible handling of debts.