Skip to main content

This petition was submitted during the 2019 to 2024 Parliament

View other petitions from this Parliament

Closed petition Prevent action against Personal Guarantors for Business guarantees during Covid

Closed on

The UK Government formed the coronavirus act 2020 to protect businesses from being closed down, including winding up orders and terminations of commercial leases. I am asking the Government to now include all personal Guarantors to have the same protection.

For example, a landlord cannot terminate your lease, or close your company down - but instead the landlord or bank can still go an enforce personal Guarantees to pay the debts and make them bankrupt, using statutory demands. So you lose your business because of Covid 19 and then the landlord can take your personal assets and make you homeless... The Government needs to add this further protection to stop landlords/banks from using this forgotten loophole

10 signatures


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 24 May 2021.