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Vaasan HO 02.02.1984 1959/83 AI generated

Unsecured creditor's right of recourse against debtor established upon realization of security without prior agreement.

Case Number Vaasan HO 02.02.1984 1959/83
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Allowed / Granted
Open official source Machine-readable Markdown (.md)

Legislator summary

AI generated

The court allowed the unsecured creditor's right of recourse against the debtor following the realization of security interests. Although no prior agreement existed regarding this right, the court determined it arose automatically when the security was enforced. The decision clarifies that such recourse remains enforceable during bankruptcy proceedings as long as the security is realized before the bankruptcy concludes.

Legislator headnote

AI generated

Section 10 of the Bankruptcy Act 1981; The right of recourse for an unsecured creditor arises automatically upon the realization of security interests against the debtor, even without a prior agreement, and remains enforceable throughout the bankruptcy proceedings until the security is fully realized.

Keywords

AI generated
unsecured creditor right of recourse security realization bankruptcy proceedings automatic right no prior agreement debtor liability

Cited Legislation

AI generated
Section 10 of the Bankruptcy Act 1981
AI generated
kko-precedent_2006_108
Supreme Court allows bankruptcy trustee to reclaim pledged furs under Estonian law due to pre-bankruptcy payment.
kko-precedent_1995_9
Supreme Court allows guarantors' claims against bankrupt debtor with priority of pledge right over other creditors.
ECLI:FI:KKO:2018:67
Supreme Court allows client to offset bankruptcy debt with recovery from insolvent company in fraud case.
kko-precedent_1995_28
Supreme Court allows secured creditor to collect from pledged assets despite debtor's bankruptcy.
kko-precedent_1990_69
Creditor with valid reason to waive claim against principal debtor retains right to claim against guarantors.

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Full text

A oli antanut pantteja X:n velkojen maksamisen vakuudeksi.

A:lle katsottiin syntyneen takautumisoikeus X:ää vastaan siltä osalta kun pantteja realisoitiin, vaikkei takautumisoikeudesta ollut sovittu. Takautumisoikeus katsottiin sellaiseksi saamiseksi, joka voitiin valvoa X:n konkurssissa sikäli kun pantit realisoitiin ennen konkurssin päättymistä.

Ks. Halila: Konkurssioikeuden pääpiirteet, 1975, s. 58-59

Halila: Saamisoikeuksien kuittaus konkurssissa, teoksessa

Käytännön konkurssioikeutta. Lakimiesliiton koulutuskeskuksen

julkaisusarja n:o 8/1974, s. 74-75

Taxell, Lars Erik: Panträtt i skuldebrev, 1949, s. 246

V jaosto.

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