Bankruptcy Check

A Bankruptcy Check should be conducted for the following reasons:

• Verify an applicant’s identification and information provided on their resume
• Identify any potential financial risks to protect against internal fraud and theft
• Protect the integrity of your company and staff
• Assess an applicant’s ability to handle financial responsibility

Bankruptcy does not stop an individual from working. However, there are some restrictions to be aware of, such as:

• Some professional or licencing bodies may impose restrictions in some trades or professions
• There may be limitations to operating as a sole trader
• The individual cannot manage a trust account e.g., as a solicitor or accountant
• The individual may not be able to hold certain public positions (e.g., senator or member of parliament)
• The individual cannot be a director of a company or manage a company without express permission of the court