Re A Company, no. 0089 of 1894, 1894 2 Ch 349
Citation:Re A Company, no. 0089 of 1894, 1894 2 Ch 349
Rule of thumb:If there is a fairly large debt sent as being owed to a company, and they do not respond, are you allowed to raise an insolvency action, rather than just an ordinary debt action? If it is a large debt, quite possibly, yes.
Judgment:
, ‘Rich men and rich companies who did not pay their debts only had themselves to blame if people thought that they could not pay them’, Vaisey J
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.