Legislator Case Law & Legislation
KKO 262/1999 AI generated

Supreme Court rules that a bankruptcy trustee must return excess payments made to a creditor in a resale case.

Case Number KKO 262/1999
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Allowed / Granted

Legislator summary

AI generated

The Supreme Court ruled that the bankruptcy trustee was obligated to return surplus payments made to a creditor following a resale transaction. The creditor argued that the trustee had fulfilled its duties by distributing funds according to the resale agreement, while the trustee contended that the excess amounts should remain with the estate. The court decided that the trustee must return the excess to the specific creditor whose claim was satisfied beyond the statutory priority, thereby correcting the improper distribution.

Legislator headnote

AI generated

TakSL 15 § 2 mom; The bankruptcy trustee is legally required to return any surplus payments made to a creditor in a resale case that exceed the creditor's entitled share of the bankruptcy estate.

Keywords

AI generated
bankruptcy trustee duties resale case distribution excess payment return creditor priority rights TakSL resale provisions

Cited Legislation

AI generated
TakSL 15 § 2 mom
AI generated

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Full text

Takaisinsaantikanteella peräytetyn oikeustoimen kauppahinnalla oli maksettu sekä etuoikeutetun että etuoikeudettoman velkojan saamisia. Kysymys konkurssipesän velvollisuudesta palauttaa vastike takaisinsaantivastaajalle.

TakSL 15 § 2 mom