What do Information Utilities provide in the context of insolvency cases?

Information Utilities play a crucial role in the context of insolvency cases by providing financial information. These entities are specifically designed to gather, maintain, and disseminate financial data related to businesses and individuals. In insolvency proceedings, having access to comprehensive and accurate financial information is vital for all parties involved. It supports decision-making, helps assess the financial health of the debtor, and facilitates negotiations among creditors and other stakeholders.

While legal representation, real estate appraisals, and employment services are important aspects of the broader insolvency process, they are not the primary functions of Information Utilities. These utilities focus primarily on the financial dimension, ensuring that relevant and actionable financial information is available to aid in the resolution of insolvency cases. This ensures transparency and helps in the formulation of a viable resolution strategy for debt recovery or repayment plans.