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English definition of “insolvency practitioner”

insolvency practitioner

noun [C]    
FINANCE, ACCOUNTING, LAW in the UK, a person or company that is legally able to help a company or organization that does not have enough money to pay debts, buy goods, etc.: The insolvency practitioner handling my affairs says I must sell our home in order to pay off the company debts.
(Definition of insolvency practitioner noun from the Cambridge Business English Dictionary © Cambridge University Press)
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