UK Insolvency Service

The UK Insolvency Service is a government agency responsible for overseeing company and individual insolvencies, such as bankruptcies and company liquidations. Its role includes promoting fair and transparent insolvency procedures, protecting creditors' interests, and ensuring compliance with insolvency laws. The Service also supports efforts to improve financial management and prevent financial difficulties. Essentially, it acts as a regulator and administrator to help manage and resolve situations where individuals or businesses cannot pay their debts, aiming to promote economic stability and fairness within the insolvency process.