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KKO 1493/2004 AI generated

Supreme Court dismisses appeal regarding debt restructuring obstacles and special exemption under Finnish Debt Restructuring Act.

Case Number KKO 1493/2004
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Dismissed
Open official source Machine-readable Markdown (.md)

Legislator summary

AI generated

The Supreme Court of Finland dismissed the appeal against the lower court's decision regarding the applicant's eligibility for debt restructuring. The applicant argued that specific obstacles under Section 10 of the Debt Restructuring Act should be waived due to special circumstances. The court held that the statutory requirements for exemption were not met based on the established facts and legal interpretation.

Legislator headnote

AI generated

VJL 10 § 4 kohta; VJL 10 § 8 kohta: The court ruled that the statutory obstacles to debt restructuring cannot be overridden by special exemptions unless strict legal criteria are fulfilled.

Keywords

AI generated
debt restructuring legal obstacles special exemption Finnish law Supreme Court civil procedure financial relief

Cited Legislation

AI generated
Section 10, paragraph 4 of the Act on Individual Debt Restructuring
Section 10, paragraph 8 of the Act on Individual Debt Restructuring
AI generated
kko-other_1996_1219
Supreme Court dismisses debt arrangement application where debtor failed to prove insolvency under VJL 10 § 8.
kko-other_1999_3592
Supreme Court dismisses appeal regarding debt restructuring eligibility under Finnish personal debt restructuring law.
kko-precedent_2014_52
Supreme Court allows debt restructuring despite debt accumulation barrier due to significant hardship and lack of fault.
kko-precedent_1997_100
Supreme Court allows debt restructuring despite past loan misrepresentations due to lack of intentional fraud and sudden income drop.
kko-precedent_2012_42
Supreme Court dismisses debt restructuring due to criminal debt and failure to repay despite income.

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Full text

Kysymys yksityishenkilön velkajärjestelystä annetun lain 10 §:n 4 ja 8 kohdan esteistä ja erityisestä vastasyystä.

VJL 10 § 4 kohta

VJL 10 § 8 kohta