ORI

ORI stands for "Official Receiver's Insolvency" in contexts related to finance and business. It refers to the role of an Official Receiver, a government-appointed officer who manages bankruptcy cases and insolvency proceedings. The Official Receiver assesses the financial situation of individuals or businesses that cannot pay their debts, investigates assets and liabilities, and distributes available resources to creditors. Their goal is to ensure a fair and orderly resolution of debts while protecting the rights of all parties involved. Understanding ORI can be important in navigating financial difficulties or studying business law.