A history of bankruptcy may make an individual unsuitable for certain professional positions, such as managing a company. As a result, it's important that a business like yours conduct a bankruptcy check before exposing your finances to a new business partner or corporation.
In Australia, the Insolvency and Trustee Service Australia (ITSA) manages the bankruptcy process. The national register it maintains, the National Personal Insolvency Index (NPII), includes both individuals who were declared bankrupt following an application from creditors and individuals who nominated themselves for bankruptcy.
Business Credit Express, a part of Veda (formerly Baycorp Advantage), offers clients a comprehensive Bankruptcy Search report that's built around key datasets including:
- Administration type
- Petition type
- Administration number
- Dated entered on the NPII
- Date discharge due
- Trustee names
- Grounds of bankruptcy
- Objections
In addition to our Bankruptcy Search report, many businesses find applying a selection of reports to a new business associate or corporation may uncover information with the potential to impact your business. Business Credit Express' industry-leading portfolio of reports includes:
ASIC Company Report
Our Australian Securities and Investments Commission (ASIC) Company Report (Basic) and ASIC Company Report utilise data from the government body to confirm information such as past and open court actions, shareholder names and share structure, and director details.
Company Credit Report
The Business Credit Express Company Credit Report is for low-to-mid exposure accounts. Its purpose is to confirm creditworthiness.
Company & Director Report
Our Company & Director Report includes a comprehensive risk assessment of small-to-medium enterprises, plus directors. The final report includes ASIC search, public record data and Veda business information data.
Every Business Credit Express report is available to buy online. For additional information on any of our products please call a Veda representative on 1300 921 621 or email subscriber.assist@veda.com.au.
