Submitted on Tuesday 29th December 2020
Rejected on Tuesday 5th January 2021
Current status: Rejected
Rejection code: irrelevant (see below for details)
Stop banks bankrupting small business owners affected by Covid 19
Protect our small business owners affected by the Covid 19 pandemic. Allow them a fresh start by nullifying personal guarantees on debt that’s un-payable due to Covid 19. Prevent them from losing their homes. Allow them to start again, with a clean slate, so they can help rebuild our economy.
In addition to seeing their businesses destroyed by Covid 19, small business owners face the additional hardship of personal guarantees (PGs) on debt, something banks insist on nowadays for most small businesses. PGs will bankrupt our small business owners who've already lost their livelihoods due to Covid 19. They may lose their homes and be prevented from starting new businesses. We need our entrepreneurs now more than ever. So let's support them by giving them a fresh start.
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The Government e-Petitions Team gave the following reason:
Arrangements for the repayment of loans, including any personal guarantees associated with these, is a matter for individual lenders and debtors, not the Government or House of Commons.
18.191.211.66 Thu, 02 May 2024 09:29:54 +0100
