What is bankruptcy disqualification, and how long does it last?

Bankruptcy disqualification is a restriction that can be imposed on an individual after a bankruptcy. Only individuals can receive bankruptcy disqualification, not companies.

The Brønnøysundregistrene (Brønnøysund Register Centre) states that a person with an active disqualification cannot start a new company or take on, or genuinely exercise, new positions as CEO, Chairman of the Board, board member, or deputy member during the disqualification period. In some cases, the person may also be removed from existing positions.

When can disqualification be imposed?

The District Court can issue a ruling if the person is suspected of a criminal offence related to the bankruptcy or the business that led to it. Disqualification may also be relevant in cases of irresponsible business conduct that renders the person unfit to establish a company or hold central roles.

A company's bankruptcy does not automatically mean that the board or CEO receives a disqualification. A separate decision is required.

How long does it last?

The Brønnøysundregistrene (Brønnøysund Register Centre) states that bankruptcy disqualification normally lasts for two years. An individual may have several active disqualifications.

How is status checked?

Active bankruptcy disqualification can be checked through the Konkursregisteret's (Bankruptcy Register's) logged-in search via ID-porten (ID Portal, a secure login solution). For secure identification, a Norwegian national identity number (fødselsnummer) or D-number (d-nummer) is recommended. The search result can show name, year of birth, municipality, and the disqualification period.

Personal data and access must be handled with caution. Proffi should not copy or publish information beyond what has a legal basis and is necessary.

Bankruptcy and disqualification are different

Bankruptcy concerns the handling of the debtor's assets and creditors' claims. Bankruptcy disqualification restricts an individual's access to start a company or hold specific roles.

What does this mean for supplier control?

Standard register checks should look at active company roles, signatory rights, and company status. A specific disqualification check should only be performed when there is a relevant, legitimate purpose and access.