United Kingdom Insolvency Service

The United Kingdom Insolvency Service is a government agency responsible for overseeing insolvency processes, such as company administrations, bankruptcies, and debt arrangements. Its role is to protect creditors, ensure fair treatment of debtors, and support the orderly resolution of financial difficulties. The Service also regulates insolvency practitioners and maintains the insolvency framework in the UK. Essentially, it helps manage and facilitate the legal procedures for businesses and individuals facing financial hardship, aiming to promote economic stability and fair treatment within the insolvency system.