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KKO 724/1998 AI generated

Supreme Court dismisses objection to debt restructuring when property gift predates the law's effective date.

Case Number KKO 724/1998
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Dismissed
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Legislator summary

AI generated

The Supreme Court dismissed the objection regarding the validity of a debt restructuring plan. The applicant had gifted a property share to parents in 1991, before the relevant debt restructuring law came into force in 1993. The court held that the statutory prohibition on such gifts did not apply retroactively to acts occurring prior to the law's enactment.

Legislator headnote

AI generated

VJL 10 § 4 kohta (57/1993); The prohibition on gifting property to relatives for debt restructuring purposes applies only to acts occurring after the law's effective date and does not invalidate prior gifts.

Keywords

AI generated
debt restructuring property gift retroactive application statutory prohibition effective date relatives financial relief

Cited Legislation

AI generated
VJL 10 § 4 kohta (57/1993)
VJL 10 § 4 kohta (57/1993)
AI generated
kko-other_1996_1219
Supreme Court dismisses debt arrangement application where debtor failed to prove insolvency under VJL 10 § 8.
kko-precedent_2014_52
Supreme Court allows debt restructuring despite debt accumulation barrier due to significant hardship and lack of fault.
kko-other_1997_4537
Tax on asset sale proceeds included in debt restructuring plan; court allows tax liability.
kko-precedent_1997_109
Supreme Court dismisses appeal where creditor fails to raise debt restructuring objections in lower court.
admin_1984_uusimaa-county__58
Corporate donation to charity not deductible from business income under ElinkVL 7 and VerotusL 93.1.

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Full text

A, jonka velkajärjestelyhakemus oli tullut vireille 13.10.1995, oli vuonna 1991 lahjoittanut vanhemmilleen kiinteistönosuuden. Kysymys siitä, oliko A:n velkajärjestelylle yksityishenkilön velkajärjestelystä annetun lain 10 §:n 4 kohdan (57/1993) mukainen este.

VJL 10 § 4 kohta (57/1993)