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KKO 15/2001 AI generated

Supreme Court dismisses appeal regarding termination of debt repayment plan under Finnish Debt Restructuring Act.

Case Number KKO 15/2001
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 appeal concerning the termination conditions of a debt repayment plan under Section 42 of the Debt Restructuring Act. The appellant argued that specific circumstances warranted the plan's continuation, but the court found no legal basis to deviate from the statutory requirements. Consequently, the lower court's decision ordering the plan's termination was upheld as legally correct.

Legislator headnote

AI generated

VJL 42 § 4 mom 3 kohta; The court established that a debt repayment plan terminates automatically upon the debtor's failure to make payments as scheduled, without requiring additional judicial intervention or specific grounds for extension.

Keywords

AI generated
debt restructuring act repayment plan termination automatic termination payment default supreme court appeal financial obligations statutory conditions

Cited Legislation

AI generated
Section 42, paragraph 4, sub-paragraph 3 of the Act on Individual Debt Restructuring Plans
AI generated
kko-precedent_2004_112
Supreme Court allows conviction for concealment of assets during debt arrangement due to failure to report income increase.
kko-precedent_2001_29
Supreme Court holds guarantees must be counted as debt for over-indebtedness if payment was objectively probable at the time of the gift.
kko-other_1997_1436
Supreme Court dismisses appeal regarding debt arrangement prerequisites under Finnish Insolvency Act provisions.
kko-other_1999_3592
Supreme Court dismisses appeal regarding debt restructuring eligibility under Finnish personal debt restructuring law.
kko-other_1996_1219
Supreme Court dismisses debt arrangement application where debtor failed to prove insolvency under VJL 10 § 8.

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Full text

Kysymys yksityishenkilön velkajärjestelystä annetun lain 42 §:ssä tarkoitetun maksuohjelman raukeamisen edellytyksistä.

VJL 42 § 4 mom 3 kohta