Supreme Court allows debt restructuring for a non-personally liable spouse owning a home used as security for a joint debt.
Legislator summary
AI generatedThe Supreme Court granted the applicant's request for debt restructuring despite the applicant not being personally liable for the debt. The applicant and their spouse owned a house together and lived there, which served as security for the joint debt. The court ruled that the applicant could receive restructuring relief because the property was essential security for the obligation incurred jointly.
Legislator headnote
AI generatedSection 10 of the Debt Restructuring Act 1995; Section 10 of the Debt Restructuring Act 1995: A person who is not personally liable for a debt may be granted debt restructuring if they own a property with a spouse that serves as security for the joint debt.
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AI generatedFull text
Velkajärjestelyn hakija ei ollut henkilökohtaisesti vastuussa velasta, mutta hänen yhdessä puolisonsa kanssa omistama omakotitalokiinteistö, jolla puolisot asuivat, oli vakuutena vieraasta velasta. Kysymys siitä, voitiinko hakijalle vakuusvastuun järjestelyn asemesta myöntää velkajärjestely.
Ks. KKO:1995:201