companydata.dkBankruptcy quarantine (konkurskarantæne)
Konkurskarantæne (bankruptcy quarantine) is a ban the bankruptcy court can impose on a person who conducted grossly irresponsible business in a bankrupt company. The ban means the person — typically for three years — may not participate in the management of limited-liability companies.
Quarantine cases are brought by the trustee as part of the estate administration. Typical grounds are missing bookkeeping, continuing operations far beyond the point of hopelessness, or draining the company's funds. Violating the quarantine can lead to personal liability and punishment.
Quarantine and public access
The quarantine register is not publicly accessible. But the patterns leading to quarantine can often be seen in public data: a person with a string of bankrupt companies behind them is a warning sign in itself — whether or not a formal quarantine was imposed.
Related terms
Bankruptcy (konkurs)
Konkurs (bankruptcy) is the judicial winding-up of an insolvent company: the bankruptcy court issues a decree, a trustee takes over the estate, assets are sold, and proceeds are distributed to creditors by statutory priority.
Executive board (direktion)
The direktion (executive board) is a company's day-to-day management — one or more directors registered in CVR who run daily operations. Every Danish limited company must have one.
Board of directors (bestyrelse)
The bestyrelse (board of directors) is a company's supreme governing body: it sets strategy, appoints the executive board, and supervises day-to-day management. An A/S must have a board (or supervisory board); in an ApS it is optional.
Credit assessment (kreditvurdering)
A credit assessment (kreditvurdering) is a systematic evaluation of whether a company can and will pay its obligations. It typically builds on financials and key figures, the company's age and industry, and the history of management and owners.