Petition · past parliament · Department for Business and Trade
Review the bankruptcy/administration system for corporations
Closed
1,567 signatures
What the petition asks
I would like the Government to review the system of bankruptcy and the process of entering liquidation. I believe that, whilst Administrative Protection (under the Insolvency Act 1986) was rightly designed to protect businesses and creditors, the system is now being abused.
I believe that the system of acquiring a business and placing it into administration is being abused. Employees made redundant can then have to rely on the taxpayer to cover their redundancy payment through the Redundancy Payments Service. UK landlords can be left with rent unpaid, and UK suppliers left with monies owed. We call for urgent action to protect our taxes.
Timeline
| 24 Apr 2024 | Petition opened for signatures |
| 29 May 2024 | Closed to new signatures |
Key facts
Signatures
1,567
Status
Closed
Department
Department for Business and Trade
Opened
24 Apr 2024
Closed
29 May 2024
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Source: the official petition page. Last checked 15 Jul 2026.