Closed petition Stricter regulation of liquidation processes for debt avoidance

We urge the Government to tighten rules preventing directors from repeatedly liquidating businesses to avoid debts and then starting new ones. This “phoenixing” practice may leave customers, suppliers, and employees out of pocket while directors escape financial responsibility

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We want the Government to act because repeated business liquidations allow directors to escape debts while harming customers, suppliers, and employees. We propose restricting directors with multiple failed businesses from starting new ones, making them personally liable for certain debts, and ensuring fairer asset distribution to protect small creditors.

This petition is closed All petitions run for 6 months

50 signatures

Progress of the petition towards its next target: 50 of 10,000 signatures required to get a government response

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10,000 signatures required to get a government response

Date closed 6 November 2025
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