Legislator Case Law & Legislation
KKO 1105/2002 AI generated

Supreme Court held that instruments used by a composer in their work are not personal security and must be included in debt restructuring.

Case Number KKO 1105/2002
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Allowed / Granted

Legislator summary

AI generated

The 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 generated

VJL 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.

Keywords

AI generated
personal security debt restructuring professional instruments repayment period composer livelihood VJL 5 VJL 30

Cited Legislation

AI generated
VJL 5 § 2 mom
VJL 30 § 2 mom
AI generated

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Full text

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