Submitted on Saturday 6th August 2011
Published on Tuesday 16th August 2011
Current status: Closed
Closed: Thursday 16th August 2012
Signatures: 7
Create UK Chapter 11 bankruptcy protection laws.
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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