In the United Kingdom, only an authorised or licensed insolvency practitioner (IP) may be appointed in relation to formal insolvency procedures.
Quite often IPs have an accountancy background. A few active practitioners are lawyers, but it is not necessary to be qualified as either, as since 1986 there has been a direct entry route to the profession.
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Peter Paul Rubens (1577-1640) (style of) - A Hand Holding an Empty Purse, The Emblem of, ‘No suffering can compare' (with that of the bankrupt spendthrift) - 1298194 - National Trust.jpg