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Corporate payment default

Your company will get a payment default entry if it fails to pay its invoices despite receiving payment reminders and demands for payment. The entry will make the operation of your company more difficult. The payment default entry is usually displayed in the credit information register for two to three years. However, you can remove your company's payment default entry from the credit register by paying your creditor its receivables.

The credit register also shows corporate restructuring, business prohibition and bankruptcy. Bankruptcy is displayed in the credit register for five years. For corporate reorganisations and business prohibitions, the length of time depends on the case.

Text edited by: editorial team
Updated: 1/12/2022