Legislator Case Law & Legislation
KKO 251/1995 AI generated

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

Case Number KKO 251/1995
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 creditor argued that interest should be paid as a priority claim, while the opposing party contended it should be treated as an ordinary unsecured debt. The court ruled that under the relevant bankruptcy law, interest on such specific claims retains its priority status and must be paid before ordinary creditors.

Legislator headnote

AI generated

Section 9, paragraph 1, item 1 of the Bankruptcy Act; Section 4 of the Bankruptcy Act: Interest on work-related debt claims retains priority status in employer bankruptcy and must be paid before ordinary unsecured creditors.

Keywords

AI generated
bankruptcy priority work-related debt interest claim employer insolvency creditor rights

Cited Legislation

AI generated
Section 9, paragraph 1, item 1 of the Bankruptcy Act
Section 4 of the Bankruptcy Act
AI generated

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Full text

Kysymys työpalkkasaataville maksettavan koron etuoikeudesta työnantajan konkurssissa.

MJL 9 § 1 mom 1 kohta

MJL 4 §