Legislator Case Law & Legislation
KKO 822/1995 AI generated

Supreme Court held that a payment plan allowing retention of home while paying over 6 years 3 months is valid.

Case Number KKO 822/1995
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Allowed / Granted

Legislator summary

AI generated

The Supreme Court upheld a payment plan where the debtor retained ownership of their apartment while paying over six years and three months. The debtor argued that the extended duration was excessive compared to standard debt repayment periods, while the creditor maintained the plan's validity under the relevant law. The court ruled that the specific circumstances justified the prolonged payment schedule without violating legal principles.

Legislator headnote

AI generated

VJL 30 § 3 mom; VJL 32 § 1 mom: A payment plan permitting the debtor to retain their residence while paying over a period exceeding six years and three months is legally permissible if justified by the specific circumstances of the case.

Keywords

AI generated
payment plan validity mortgage retention extended repayment period debtor rights Supreme Court ruling

Cited Legislation

AI generated
VJL 30 § 3 mom
VJL 32 § 1 mom

Cited Case Law

AI generated
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Full text

Kysymys siitä, voitiinko maksuohjelma, jonka mukaan velallinen säilytti omistusasuntonsa, velkojan vaatimuksesta määrätä kestämään yli 6 vuotta 3 kuukautta, missä ajasssa velallinen ohjelman mukaan sai suoritetuksi tavallisten velkojen vähimmäiskertymää vastaavan määrän.

Ks. KKO:1995:33

VJL 30 § 3 mom

VJL 32 § 1 mom