Bankruptcy checks are important because you can:
- Gain an understanding of how job candidates handle their money.
- Learn how potential home buyers will be able to afford a property.
- Assess the level of risk.
Keep in mind, the U.S. federal districts handle bankruptcy cases; as such, you won’t find bankruptcy information using a state or county record search, or even criminal record searches. Federal law restricts reports of bankruptcy information to 10 years.