The Insolvency Service (UK)

The Insolvency Service is a UK government agency responsible for overseeing insolvency procedures such as company liquidations, bankruptcies, and individual insolvency arrangements. It aims to ensure fair treatment of creditors, promote economic stability, and uphold integrity within the insolvency process. The Service also regulates insolvency practitioners and investigates misconduct to prevent abuse of the system. Essentially, it manages and enforces laws related to financial failure, helping individuals and businesses resolve debt issues responsibly and transparently, while safeguarding the interests of creditors and maintaining public confidence in the financial system.