Niger Merchants Co v Copper, 1877, 185 ChD 557
Citation:Niger Merchants Co v Copper, 1877, 185 ChD 557
Rule of thumb:When can insolvency proceedings rather than debt collection proceedings be raised against an organisation? Where a company is solvent & trading, and it is not a large bill, then debt proceedings rather than insolvency proceedings should be raised.
Judgment:
‘When a company is solvent, the right course of action is to bring an action for debt’, Jessel MR
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.