- Price: $28
- Results: returned within 1 business day
A Bankruptcy Check with ProbityPeople will uncover an individual’s publicly available bankruptcy history and personal insolvency information. It is recommended to complete a bankruptcy check on individuals within the financial services or insurance industries, or applicants who will have access to company financial controls or employed in a position of trust, to assist in making informed decisions before hiring or engaging in business activity with them.
Why should you conduct a 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
What data is collected?
In order to process a Bankruptcy Check, the applicant is required to provide the following documentation and information:
- One of the following identity documents:
– Australian Driver Licence
– Australian or International Passport
– Australian Medicare Card - Personal contact information
- Two most recent residential addresses
How long does a Bankruptcy Check take?
Results are returned instantly.
What data is shown on a Bankruptcy Check?
A Bankruptcy Check with ProbityPeople will uncover an individual’s publicly available bankruptcy history and personal insolvency information. It may reveal the following:
- Disclose whether an individual has personally filed for bankruptcy or been declared bankrupt
- Grounds of bankruptcy and date of discharge
- Petition type and objections
- Type of administration or proceeding under the Bankruptcy Act
- Start dates refer to the beginning of an administration or proceeding
- Date an administration or proceeding has been discharged, terminated or ended
- The reason an administration or proceeding has been discharged, terminated or ended
- Summary of findings
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