- Price: $28
- Results: returned within 1 business day
A Bankruptcy Check will disclose publicly available bankruptcy history and personal insolvency information in Australia. Results are obtained through AFSA (Australian Financial Security Authority) and matched using the applicant’s full name and date of birth to ensure a high level of certainty in the results returned.
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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