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KKO 1823/1997 AI generated

Supreme Court held that a spouse's life tenancy on a gifted house is not a debtor's home under bankruptcy law.

Case Number KKO 1823/1997
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Dismissed
Open official source Machine-readable Markdown (.md)

Legislator summary

AI generated

The Supreme Court dismissed the claim that a life tenancy held by a spouse on a gifted property constituted a debtor's home under bankruptcy law. The court found that the tenancy was a security interest for a mortgage debt rather than a primary residence owned by the debtor. Consequently, the property was excluded from the definition of a debtor's home for bankruptcy proceedings.

Legislator headnote

AI generated

VJL 3 § 1 mom 5 kohta; VJL 3 § 1 mom 8 kohta: A life tenancy held by a spouse on a gifted property, serving as security for a mortgage, does not qualify as a debtor's home under bankruptcy legislation.

Keywords

AI generated
bankruptcy law debtor's home life tenancy spousal rights mortgage security property ownership gifted real estate

Cited Legislation

AI generated
VJL 3 § 1 mom 5 kohta
VJL 3 § 1 mom 8 kohta

Cited Case Law

AI generated
KKO:1997:71
Supreme Court dismisses debt relief plan for spouses when child owns mortgaged property used as family home.
AI generated
kko-precedent_1997_71
Supreme Court dismisses debt relief plan for spouses when child owns mortgaged property used as family home.
insurance_2007_7891-2005
Student's right to housing allowance requires proof of actual costs, not a formal lease.
kko-precedent_2001_23
Supreme Court allows debt arrangement costs for cohabitant's mortgage only if actual contribution or necessity is proven.
kho-precedent_1998_81
Inheritance tax deduction denied for life tenancy retained by donor despite marital relationship.
kko-precedent_1992_168
Supreme Court dismisses wife's claim against husband's creditors regarding hidden joint ownership of property.

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Full text

Velallisina olevat aviopuolisot hallitsivat alaikäiselle lapselleen lahjoittamallaan kiinteistöllä ollutta asuinrakennusta pidättämänsä elinikäisen asumisoikeuden nojalla. Kysymys siitä, voitiinko kiinteistöä pitää aviopuolisoiden yksityishenkilön velkajärjestelystä annetun lain 3 §:n 8 kohdassa tarkoitettuna velallisen omistusasuntona ja tähän kiinteistöön kohdistuvia panttivelkoja lain 3 §:n 5 kohdassa tarkoitettuina vakuusvelkoina.

Ks. KKO:1997:71

VJL 3 § 1 mom 5 kohta

VJL 3 § 1 mom 8 kohta