Legislator Case Law & Legislation
KKO 13/1995 AI generated

Supreme Court allows employee interest claim against employer in bankruptcy under specific priority rules.

Case Number KKO 13/1995
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Allowed / Granted

Legislator summary

AI generated

The Supreme Court of Finland allowed the employee's claim for interest on wages in the employer's bankruptcy proceedings. The court found that under the relevant bankruptcy law, such interest claims held a specific priority status distinct from general unsecured debts. Consequently, the claim was admitted to the bankruptcy estate for distribution according to the established statutory order of priority.

Legislator headnote

AI generated

Bankruptcy Act s. 10; Wage Act s. 4: In employer bankruptcy, interest claims on wage arrears are granted priority over general unsecured claims but rank below secured claims and specific priority categories.

Keywords

AI generated
bankruptcy priority wage arrears interest employee claims supreme court ruling financial distress

Cited Legislation

AI generated
Bankruptcy Act s. 10
Wage Act s. 4
AI generated

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Full text

Kysymys työpalkkasaataville maksettavan koron etuoikeudesta työnantajan konkurssissa.

MJL 9 § 1 mom 1 kohta

MJL 4 §