What does AIB mean in BANKING

An Accountant in Bankruptcy (AIB) is an independent organization that provides services related to bankruptcy and insolvency in Scotland. AIB can provide practical advice and guidance on topics such as debt management, individual voluntary arrangements and sequestration proceedings.

AIB provides a range of services including legal advice, debt management solutions, sequestration proceedings, and individual voluntary arrangements. Additionally, they offer practical support including information on how to manage your finances and resources for credit unions offering lower interest loans.

AIB's services are open to both individuals and businesses who are struggling with debt or facing bankruptcy. However, you must be a resident of Scotland in order to qualify for their help.

You can contact AIB directly via phone or email for further advice and information about their services. Alternatively, you can also contact Citizens Advice Scotland who have trained money advisors who can help you access appropriate help from organisations such as AIB if necessary.

There is no cost for using the services provided by AIB; however, there may be fees associated with any additional support they offer such as insolvency procedures or individual voluntary arrangements.