Supreme Court held that instruments used by a composer in their work are not personal security and must be included in debt restructuring.
Legislator summary
AI generatedThe Supreme Court ruled that musical instruments used by a composer in their professional work constitute their personal security and must be excluded from debt restructuring proceedings. The debtor argued for a shorter repayment plan, but the court found no grounds to reduce the standard five-year term. Consequently, the court determined that the instruments are essential for the debtor's livelihood and cannot be seized for ordinary debts.
Legislator headnote
AI generatedVJL 5 § 2 mom; VJL 30 § 2 mom: Instruments used by a professional artist in their work are considered personal security and must be excluded from debt restructuring; the standard repayment period cannot be shortened without specific statutory grounds.
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Kysymys siitä, kuuluivatko säveltäjän työssään käyttämät soittimet hänen perusturvaansa ja tuliko ne sillä perusteella jättää käyttämättä velkojen suoritukseksi hänen velkajärjestelyssään. Lisäksi kysymys siitä, oliko edellytyksiä määrätä tavallisten velkojen maksuohjelman kesto viittä vuotta lyhyemmäksi.
VJL 5 § 2 mom
VJL 30 § 2 mom