UK Parliament home

This petition was submitted during the 2010 to 2015 Parliament

View other petitions from this Parliament

Closed Gift Card & Voucher Funds To Be Held In trust

Closed on

When a retailer goes in to administration the public's gift cards can no longer be redeemed as card owners simply become a creditor of the business even if the administrator keeps the operation trading.

In order to instil more faith in Gift Cards the government should look to protect the Gift Card holder so that they are not treated as all other creditors of the business.

The options are quite clear;

Option 1, all revenue from gift cards should be held in a trustee account until the gift card has been redeemed or expired.

Option 2, create a higher level of creditor class for gift cards so they can be redeemed during a period of administration.

122 signatures

Show on a map

10,000

Petition progress

View all updates for this petition, with the most recent first.

  • Petition closed

  • Petition published

    This petition can now be signed.

    If this petition gets 10,000 signatures, government will respond to it.

    If this petition gets 100,000 signatures, it will be considered for debate in Parliament.

    This petition will stay open until 16 April 2013.