Meaning of “insolvency practitioner” in the English Dictionary


"insolvency practitioner" in Business English

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insolvency practitionernoun [ C ]

uk us

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” from the Cambridge Business English Dictionary © Cambridge University Press)