Supreme Court allows interest on work-related debt claims in employer bankruptcy under specific priority rules.
Legislator summary
AI generatedThe 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 generatedSection 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.
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Kysymys työpalkkasaataville maksettavan koron etuoikeudesta työnantajan konkurssissa.
MJL 9 § 1 mom 1 kohta
MJL 4 §