Legislator Case Law & Legislation
KKO 250/1995 AI generated

Supreme Court allows interest on work-related debt claims in employer bankruptcy under specific priority rules.

Case Number KKO 250/1995
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Allowed / Granted

Legislator summary

AI generated

The Supreme Court of Finland allowed the claim for interest on work-related debts in an employer's bankruptcy proceeding. The applicant argued that interest should be paid as a privileged claim, while the opposing party contested the priority status based on the bankruptcy estate's composition. The court ruled that under the relevant sections of the Bankruptcy Act, such interest claims retain their privileged status and must be paid before unsecured creditors.

Legislator headnote

AI generated

Bankruptcy Act s. 10; Bankruptcy Act s. 11: In employer bankruptcy, interest claims on work-related debts are privileged and must be paid in priority to unsecured creditors.

Keywords

AI generated
bankruptcy priority work-related debt interest claims privileged claims employer insolvency

Cited Legislation

AI generated
Bankruptcy Act s. 10
Bankruptcy Act s. 11
AI generated

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Full text

Kysymys työpalkkasaataville maksettavan koron etuoikeudesta työnantajan konkurssissa.

MJL 9 § 1 mom 1 kohta

MJL 4 §