Re LHF Wools Ltd, 1970, Ch 27
Citation:Re LHF Wools Ltd, 1970, Ch 27
Rule of thumb:When should you raise an insolvency/bankruptcy action against a person rather than a debt collection? If accountants deem that it is large and the person organisation may be unable to pay it.
Judgment:
Harman LJ,’ ... the case has a substantial chance of winning and overtopping the petitioner’s debt and wipe it out altogether’.
Warning: This is not professional legal advice. This is not professional legal education advice. Please obtain professional guidance before embarking on any legal course of action. This is just an interpretation of a Judgment by persons of legal insight & varying levels of legal specialism, experience & expertise. Please read the Judgment yourself and form your own interpretation of it with professional assistance.