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
Other Financial Checks
Learn more about our range of
employment screening checks
Education &
Qualification
Checks
Education history is one of the most commonly lied about aspects on a jobseeker’s resume. Our team of consultants will personally reach out to any Australian institution to verify your applicant’s education and / or qualifications.
Police
Checks
A Police Check is a critical first step when deciding to offer an individual employment with your company, to reduce the risk of internal fraud and theft, and protecting your staff from potential threats. ProbityPeople is an accredited agency with the Australian Criminal Intelligence Commission (ACIC).
Reference
Checks
Reference checks are crucial to the hiring process, but they may be time-intensive and often involve more than one phone call. ProbityPeople offers reference checks to suit your hiring needs so you can rest assured that you’re meeting your compliance obligations while focussing on what you do best.
Right to Work Check
Check your employee’s work rights, restrictions and visa entitlements with a ProbityPeople Right to Work Check. We are legally qualified to complete right to work checks on your behalf to confirm work or study restrictions and potential visa limitations.
