Bankruptcy & insolvency register check
A bankruptcy & insolvency register check helps you know your candidate and provides valuable financial information about an individual or company. It’s important to note that bankruptcy and insolvency are two different things.
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Why conduct bankruptcy & insolvency checks?
Checking the bankruptcy & insolvency register can be an important part of due diligence when considering doing business with an individual or company. It enables you to get to know your candidate and to learn crucial information about their financial management.
How do we conduct bankruptcy & insolvency register checks?
When an individual or company is declared bankrupt, their name could be/is added to the bankruptcy & insolvency register. This register is a public record of all bankruptcy & insolvency proceedings in a certain country. The insolvency service maintains the register. This is how we conduct this type of check:
- By searching the registers and lists:Â we search both national and international registers, as well as any available bankruptcy and insolvency lists
- Comprehensive reports:Â we are able to provide your organisations with comprehensive bankruptcy & insolvency register check.
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PESCHECK uThis allows us to provide an up-to-date and comprehensive report on an individual or company’s financial status. This check is quick and easy to conduct, and they can provide valuable insights into an individual or company’s financial health.
FAQ
How long does it take to get the results of the credit check?
Instant up to 2 workdays
What do employment credit checks look for?
A credit check will include a review of an applicant’s debt collections, insolvencies, bankruptcies, bailiffs, and any public records that may be relevant to the job. The goal is to get a clear picture of an applicant’s financial situation and to identify any red flags that could indicate a risk to the company. In some cases, a credit check may also be used to verify an applicant’s identity.
Why are credit checks important?
Pre-employment credit checks are an effective tool for reducing the risk of fraud by revealing poor financial situations. Additionally, a candidate’s behaviour at work may be impacted by their financial circumstances and could be a sign that they would be a responsible employee.
What are pre-employment credit check defaults?
A credit check may reveal credit defaults, which are public information that stay on an individual’s credit report.
What details must a candidate supply in order to do a credit check?
Requesting a check is easy. Candidates only must give their permission for employers to run a credit check, along with their full name, title, birth date, and current address.
How far back does a Bankruptcy & Insolvency register check go?
The length of time that a Bankruptcy & Insolvency register check goes back can vary depending on the jurisdiction and the specific records being searched. In general, bankruptcy records are available for public access for up to 10 years from the date of filing. However, some jurisdictions may maintain records for longer periods of time, and there may be other factors that can affect the availability of these records.
Types of background checks
There are many different types of pre-employment checks that organisations can choose to conduct.le ID and CV check may be sufficient. However, further research on the applicant is needed for functions that entail integrity, reliability, and impeccable behaviour. PESCHECK helps you identify which types of checks to run for certain functions, and offers checks tailored to your organisation’s specific needs.
Automate bankruptcy & insolvency checks
Give your team the tools they need to be more productive with PESCHECK. Automate bankruptcy & insolvency requests, quickly and easily query for multiple checks at once! Our software is easy-to-use, just set up an account today and start screening in 60 seconds!