Legislator Case Law & Legislation
KKO 1492/2004 AI generated

Supreme Court dismisses objection to debt restructuring plan based on personal bankruptcy restriction.

Case Number KKO 1492/2004
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Dismissed

Legislator summary

AI generated

The Supreme Court dismissed the objection raised by a creditor regarding the personal debt restructuring plan. The creditor argued that the debtor's status as a person subject to personal bankruptcy created a legal barrier under the Debt Restructuring Act. The court ruled that the specific restriction cited does not prevent the restructuring plan from being approved or executed. Consequently, the objection was rejected, allowing the restructuring process to proceed.

Legislator headnote

AI generated

10 § 4 point 4 of the Act on Debt Restructuring for Individuals; The restriction on debt restructuring for persons subject to personal bankruptcy does not apply to plans approved by the court.

Keywords

AI generated
personal bankruptcy debt restructuring legal restriction creditor objection court approval

Cited Legislation

AI generated
10 § 4 point 4 of the Act on Debt Restructuring for Individuals
AI generated

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Full text

Kysymys yksityishenkilön velkajärjestelystä annetun lain 10 §:n 4 kohdan esteestä.