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The government has stripped rail operator Southeastern of its franchise after "a serious breach of good faith".
Transport Secretary Grant Shapps said more than £25m of historic payments due to the Department for Transport were not paid.
He said the Operator of Last Resort would take over the running of rail services in the south east to protect taxpayers' interests.
Southeastern said passengers would see no change in day-to-day operations.
In a series of tweets, Mr Shapps said: "We won't accept anything less from the private sector than a total commitment to their passengers, and transparency with taxpayers.
"Through the Operator of Last Resort we'll prioritise the punctual, reliable services passengers deserve."
Southeastern operates between London, Kent and East Sussex.
The rail operator confirmed services would transfer on 17 October.
"All tickets will remain valid after transfer and new tickets can continue to be purchased in the usual way," a statement on Southeastern's website said.
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