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To: The government

Ban company phoenixing

I want the government to create legislation that stops a managing director from dissolving/liquidating/going into administration their company... and then immediately starting again with a new company with Almost the same name, exact same business and same creditors and debtors. Without ever paying off the debts owed to previous creditors. With no repercussions to them whatsoever

Why is this important?

Phoenixing is destroying small businesses that can not afford to lose money. The people that close a business and reopen the exact same business are literally laughing all the way to the bank... with zero repercussions.
This is an example of a phoenixing company
https://www.manchestereveningnews.co.uk/news/greater-manchester-news/anger-winter-funland-opens-event-15531718

Category

Updates

2019-05-14 14:02:52 +0100

100 signatures reached

2019-05-13 22:39:45 +0100

50 signatures reached

2019-05-13 15:43:23 +0100

25 signatures reached

2019-05-13 13:33:15 +0100

10 signatures reached