An insolvency practitioner is a qualified professional who helps financially distressed businesses or individuals manage insolvency, bankruptcy, and liquidation processes. However, there are several synonyms for the term. For example, a bankruptcy trustee, insolvency specialist, insolvency lawyer, debt counselor, and financial consultant are all professionals who provide support to individuals and businesses in financial distress. Additionally, some may refer to an insolvency practitioner as a credit advisor, debt expert, or financial restructuring specialist. These experts guide clients through challenging financial situations and help them develop and implement a plan to manage debts, recover from financial difficulties and build a financially secure future.