Many entrepreneurs are afraid to enter into business relationships with bankrupt organizations, because such cooperation is fraught with losses and litigation. But, since, according to the bankruptcy law of October 26, 2002 No. 127-FZ, information about the insolvency of a legal entity and the opening of bankruptcy proceedings is public, almost any interested person can receive it. One of the most reliable ways to obtain the necessary information is to submit a request for an extract from the Unified State Register of Legal Entities. You can also obtain such information on government online services, knowing only the organization’s TIN.
Where and how to obtain information about a legal entity by TIN?
The company's TIN is a unique ten-digit code. It is assigned to the organization by the tax service during registration. Using this code, you can quickly find information about any existing business entity in reference resources. How to find out about the bankruptcy of a legal entity using the TIN? More on this later.
Information about legal entities can be obtained from paid and free online resources. Paid sites provide the necessary information in a matter of seconds; with their help, you can find out not only about the bankruptcy of a company, but also about its debts. You can also find reliable information about any organization on free resources. Searching by TIN is very convenient; the user does not have to look for the required organization in the list of legal entities with similar names.
Some types of debt will still have to be paid
When debtors file for bankruptcy, they will not be charged any interest, fines or penalties. Therefore, the amount of debt will not grow. But this has nothing to do with debts such as alimony and compensation for moral damage caused to life and health. Such debts will increase and debtors will be required to pay them.
The creditor also has the right to terminate the bankruptcy procedure if the debtor did not deign to indicate them in the application and decided to underestimate the amount of debt, or if property was suddenly found in his possession. In this case, bankruptcy will have to go through the courts. If the creditor has no claims against the debtor and he is declared bankrupt, then all his debts will be written off.
What resources can you use to get information about an organization’s bankruptcy for free:
- ]]>Unified Federal Register of Bankruptcy Information]]> provides users with prompt and reliable information about bankrupt companies. A legal entity will be included in the resource database from the day the bankruptcy proceedings are opened. It also contains information about bankruptcy of individuals.
- ]]>Card index of arbitration cases]]> provides information on the bankruptcy of legal entities by TIN or OGRN and the name of the organization. In addition to bankruptcy cases, the database contains numbers of all court proceedings in which a specific organization acts as a defendant or debtor.
- ]]>Federal Tax Service website]]> provides basic information about the business entity, including the date of termination of activity and invalidation of registration.
- The website of the Kommersant newspaper publishes messages about the bankruptcy of legal entities. By Order of the Government of the Russian Federation dated July 21, 2008 No. 1049-r, the publication is officially authorized to publish reports of insolvency. In the search bar, just enter the subject's TIN. If information about his bankruptcy is in the site’s database, the system will automatically provide the necessary information.
The above services will help you assess the state of affairs of a potential business partner and find out about the bankruptcy of a legal entity. Information about organizations is updated regularly. If necessary, you can get a printout of the site page.
The only disadvantage of using online services is that information on them will be published only after legal proceedings are opened against the company or it is declared bankrupt. But real problems with solvency may arise much earlier.
Methods for checking the bankruptcy of a legal entity using TIN
There are different ways to check a company for bankruptcy using its TIN. Current legislation obliges companies that are being liquidated to notify all their counterparties about this using official sources. When initiating an insolvency procedure, the debtor enterprise and other authorized bodies must disseminate data about the beginning of the process through various sources: in the official database, through the media.
Next, we will analyze each resource where counterparties can find out information about the financial reputation of a legal entity.
The portal of the Unified State Register is a publicly accessible electronic resource that contains all information about the financial insolvency of legal entities of the Russian Federation.
Any interested person can visit the register website and use the advanced search to specify the section on individuals and legal entities. Next, you should enter the following information about the company being inspected:
- Name
- Address
- Registration region
- INN, OKPO or OGRN.
After entering all the necessary data, you need to activate the “Search” button and the resource will provide all useful information about the organization. On this website you can download the necessary documents.
Tax service
Searching for information with the help of the federal tax service is considered not very convenient and more time-consuming. This body is not intended to provide data on the insolvency of legal entities, but if necessary, you can request the necessary information from the Federal Tax Service. To do this, go to the official website of the Federal Tax Service and follow these steps:
1. Follow the link “Services and Services”;
2. Scroll down and click on “Business risks: check yourself and your counterparty”;
3. Enter information about the company (name, TIN);
4.Enter the code from the picture;
5. Activate search;
6. In the search results, follow the link to the “Legal Entity Information Card” and carefully study it.
If the company is bankrupt, then this information is in the Unified State Register of Legal Entities, and therefore will be displayed in the “Company Card”.
Despite some shortcomings on the resource, you can download current extracts from the Unified State Register of Legal Entities. Subsequently, the extract can be requested in paper form.
An audit of an enterprise can be performed through the electronic resource of the arbitration court. There is a file cabinet with all the cases considered by the court. To do this, you must enter the following information in the appropriate field:
- TIN
- Details of the judge and court
- Case number
- Registration date
After activating the search, the required information will appear on the site. Sometimes it is not necessary to enter all the data; you can activate the “Bankruptcy” button and view the issued list of cases.
Kommersant newspaper
The official publication Kommersant can also become a source of information about the bankruptcy of an LLC. In addition to the printed publication, the publication disseminates information on its electronic resource, where all the data on bankrupt organizations is located.
To obtain up-to-date information on the bankruptcy of legal entities, you need to go to the publication’s web resource in the information section on bankrupt companies. In 2014, the Kommersant Card Index website was created, which is obliged to publish all information about bankrupt companies. To obtain the necessary information on the page, in the search field, you must enter the TIN data of the legal entity.
Any interested person can check an organization for bankruptcy using its TIN. To do this, you do not need to have special powers or knowledge, you just need to take the initiative.
Search for an organization by TIN on the tax service website
How to find out about the bankruptcy of a legal entity using the TIN using the official portal of the Federal Tax Service? To do this, you need to go to ]]>link]]> and in the appropriate line enter the TIN or OGRN (OGRNIP) of a legal entity or individual entrepreneur. Then you need to click on the “Find” button.
If the TIN was entered correctly, the system will immediately display the following information: the name of the legal entity, its address (location), OGRN, INN, KPP, the date of assignment of the OGRN and the date of termination of activity. Here users will be able to download a document in PDF format, which will contain complete information about the organization.
How to find out if an organization is going bankrupt
To determine whether a company is going bankrupt, you need to visit any of the above-mentioned sites to check and enter the company details (for example, TIN or OGRN).
You can issue a paper extract about the launched bankruptcy procedure of an organization from the Unified State Register of Legal Entities. To do this, you must submit the appropriate application and pay the state fee. Information about bankruptcy can be obtained in the printed edition of the Kommersant newspaper.
Bankruptcy of a legal entity is an official recognition of its inability to repay its financial obligations to creditors, government agencies and other persons. Thus, cooperation with a bankrupt company is undesirable and may lead its partner to financial losses. Before concluding a transaction, you need to look at the bankruptcy of legal entities and check their solvency. Bankruptcy checks can be carried out by counterparties to whom the company already has a debt.
Bankruptcy information is available for viewing and can be verified using several official sources. Now it’s worth exploring where and how you can quickly find out about the bankruptcy of a legal entity and check the financial information about the organization.
Search in the Arbitration Case File
To find the information you need, go to the website ]]>Card Indexes]]>. The search filter will be located on the left. The user does not need to fill out all the fields; to perform a search, simply enter the organization’s TIN or its name. If the TIN has been entered correctly, the system will immediately provide detailed information about all administrative, civil and bankruptcy cases in which the organization acts as a plaintiff or defendant.
Read also: Tax audit in bankruptcy
How to check for bankruptcy?
Organizations are checked for bankruptcy using databases. Below are 3 databases, information from which will help you find out the information you are interested in:
- Unified Federal Register of Bankruptcy Information - https://bankrot.fedresurs.ru. The resource contains all relevant information about the stages of bankruptcy of an enterprise. The information is updated as changes occur by the arbitration managers who manage the affairs of the companies.
- Newspaper "Kommersant". In accordance with paragraph 1 of Art. 28 of Law No. 127-FZ and clause 1 of the order of the Government of the Russian Federation “On the official publication that publishes information provided for by the federal law “On Insolvency (Bankruptcy)” dated July 21, 2008 No. 1049-r, this media is the official source for publishing information about the bankruptcy of the enterprise. In addition, all information is contained on the newspaper’s website.
- File of arbitration cases - https://kad.arbitr.ru/. This resource is necessary in order to study in detail a bankruptcy case that is being processed by an arbitration court.
Why are they checking?
The check is carried out to ensure the citizen’s trustworthiness . Banks evaluate the financial condition of the borrower, and employers evaluate the candidate’s responsibility. Verification helps to avoid transactions that are later recognized as invalid.
Why do they check for bankruptcy?
- to verify the reputation of the individual with whom cooperation is planned;
- to be prepared for possible risks when entering into a transaction with a person who is or was previously bankrupt.
Dmitry Leonidovich
Bankruptcy Expert
Ask a Question
Insolvency data is freely available. By law, all arbitration court decisions must be published in the Unified Federal Register. To do this, it is enough to know the person’s last name and TIN.
Is there a database of bankrupt individuals?
There are a small number of databases in Russia where debtor data is stored. Data on completed bankruptcy is presented in a single register - this is the most complete repository where information about all court decisions is collected. This is how lists of people who have already received bankrupt status are posted.
In the unified register you can find information about auctions for the sale of property and their results, reporting documentation of arbitration managers, information about the meeting of creditors (a mandatory procedure in bankruptcy), notes from the Kommersant newspaper. This site is ideal for those who need to obtain the most complete information about an individual.
Ask an expert
Who may need a personal bankruptcy check?
Bankruptcy is intended to solve the financial problems of the debtor. But along with reducing the credit burden, certain restrictions are imposed on the citizen. So, when applying for a loan within 5 years after being assigned bankrupt status, an individual is obliged to warn the bank about the bankruptcy procedure. And for 3 years a citizen cannot occupy leadership positions. The process of employment and conclusion of transactions involves some difficulties.
Who needs information about bankruptcy of individuals:
- financial institutions when checking for debts, if a person wants to get a loan;
- employers, when a citizen plans to hold a position associated with financial responsibility;
- companies and individuals when concluding contracts for the purchase or sale of property.
If a person has recently received bankruptcy status, then most likely his financial situation has not improved. Transactions concluded with such a person can be easily challenged in court and declared invalid. But a bankrupt has a higher chance of getting a loan than a debtor with a large number of arrears.
