Legislator Case Law & Legislation
KKO 4416/1996 AI generated

Supreme Court dismisses appeal regarding consumer debt classification as reckless borrowing versus necessary living expenses.

Case Number KKO 4416/1996
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Dismissed

Legislator summary

AI generated

The Supreme Court dismissed the appeal against a lower court's finding that the appellant incurred debt recklessly. The appellant had accumulated approximately 80,000 marks in consumer loans, largely used for essential living costs and previous debt repayment. The court determined that the evidence did not support a finding of obvious recklessness given the purpose of the expenditures.

Legislator headnote

AI generated

Consumer Credit Act 1990; Consumer Credit Act 1990: The court held that borrowing for essential living expenses and debt repayment does not constitute obvious recklessness absent evidence of gross imprudence.

Keywords

AI generated
consumer credit reckless borrowing essential expenses debt repayment civil liability supreme court financial misconduct

Cited Legislation

AI generated
Consumer Credit Act 1990
AI generated

Need to analyze how this precedent applies to your matter?

Cross-reference this judgment against statutes, commentaries, and subsequent citing case law inside Legislator AI.

Open in Legislator →

Full text

A oli ottanut yhteensä noin 80 000 markan kulutusluotot, jotka hän oli suurelta osalta käyttänyt välttämättömiin elinkustannuksiin ja aikaisempien luottojen maksamiseen. Kysymys siitä, oliko A velkaantunut ilmeisen kevytmielisesti.