Do you use Statstidende as a business owner? - You should!

Let's be honest: Statstidende may not be the most exciting place on the internet, and few finance departments or self-employed people spend time on Statstidende on a daily basis.

If you don't regularly use Statstidende when you deal with customers, grant credit or have ongoing debt collection cases, you risk cheating yourself out of a lot of money.

If you don't currently use Statstidende, you should start.

Here are some good reasons why you should use Statstidende more than you do today.

What is Statstidende?

Statstidende is the place in Denmark where you can find published statutory notices with legal effect for public authorities, citizens and companies.

Notices in Statstidende can include, for example, death, bankruptcy, debt restructuring, foreclosures and summons.

In short, Statstidende contains important information for you as a business owner, especially if you have an ongoing collaboration with or an ongoing reminderor debt collection process.

What information can I find on Statstidende?

As a business owner, you can find a lot of relevant information on Statstidende.

In particular, notices of bankruptcy, foreclosure, debt restructuring and death may be relevant to you.

Statstidende can inform you if your customers are undergoing bankruptcy proceedings, reconstruction, have been granted debt relief or have died.

This information is useful whether you have an active customer relationship or are in the process of debt collection.

If you don't have the information - you lose money

Many companies don't regularly check the status of their customers - both active customers and those involved in a reminder or collection process.

If you don't take advantage of the information offered by the Danish Official Gazette on, for example, bankruptcy or death, you risk either sending an invoice to a company that has gone bankrupt or missing the deadline for making a claim against an estate or bankruptcy estate.

Debt collection action against an estate or bankruptcy estate

If you have an ongoing debt collection case against a company that is going bankrupt or an individual who has passed away, this information is important to you.

If you have an ongoing debt collection case, it is crucial that you inform the trustee or administrator of the estate about your claim.

If there are funds in the estate or bankruptcy estate, creditors may be able to recover all or part of their claims.

Statstidende often has a deadline of four weeks to submit a claim to the trustee. The trustee's contact details are stated in the notice from Statstidende.

Do you use a debt collection agency or lawyer for your debt collection cases?

If you currently use a debt collection company or a debt collection lawyer for your dunning and collection cases, they will typically monitor the Danish Official Gazette for you and notify you if a debtor dies or goes bankrupt.

The debt collection company or lawyer will also often be able to assist you in submitting the claim to the trustee or administrator of the estate.