Gift Vouchers and Insolvency Bill

A Bill to amend the Insolvency Act 1986 to make purchasers of gift vouchers preferential creditors during the administration of a company; and for connected purposes.

Originating House

House of Commons

Last Updated

26 April 2013

In Plain English

AI-generated

This bill would change insolvency law to give people who bought gift vouchers priority when a company goes into administration. In short, voucher holders could be paid before many other unsecured creditors, helping protect their money if a retailer runs into trouble. It may include related measures to support this aim.

Key Points

Amends the Insolvency Act 1986 to make gift voucher purchasers preferential creditors during administration.
Applies specifically to the administration process, not necessarily all insolvency scenarios.
Intended to protect consumers who rely on gift vouchers when a business fails.
Could affect how assets are distributed among creditors in an administration.
Includes connected provisions to support or implement this change.

Progress

The bill is currently at the second reading in the House of Commons, where it will be debated. If it passes, it would move on to detailed scrutiny in committee.

Who is affected?

Gift voucher purchasers (consumers)Businesses that issue or accept gift vouchersCompanies entering administrationInsolvency practitioners and administrators

Generated 21 February 2026

Updates & Documents

News (1)

News - Gift Vouchers and Insolvency

1 Jan 1970

The Bill failed to complete its passage through Parliament before the end of the session. This means the Bill will make no further progress.

Parliamentary Votes (0)

No recorded votes for this bill yet.

Gift Vouchers and Insolvency Bill | TrackPolitics