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Create UK Chapter 11 bankruptcy protection laws.

Submitted on Saturday 6th August 2011

Published on Tuesday 16th August 2011

Current status: Closed

Closed: Thursday 16th August 2012

Signatures: 7

Tagged with

Money ~ UK

Petition Action

Create UK Chapter 11 bankruptcy protection laws.

Additional Information

Chapter 11 bankruptcy protect in the USA is used as a means to protect creditors and help a company from going bankrupt by giving it more time to find more funding and develope a plan to save itself. The UK does not have an equivalent. It is time we had a version to protect investors from losing money.


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