Legislator Case Law & Legislation
DE FR IT EN
Analyze in Legislator
KKO 363/2006 AI generated

Supreme Court dismissed claim for realization proceeds offset against security creditor when debtor sold secured home before program end.

Case Number KKO 363/2006
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 creditor's claim to offset realization proceeds against their security debt. The debtor sold their secured home before the repayment program concluded to move to a new rental property. The court ruled that the sale occurred prior to the program's termination, preventing the automatic offset of proceeds against the security obligation.

Legislator headnote

AI generated

Section 10 of the Security Act 1973; Section 10 of the Security Act 1973: Proceeds from the sale of a secured property before the termination of a repayment program do not automatically offset the security creditor's claim.

Keywords

AI generated
security debt repayment program property sale realization proceeds offset claim secured property Supreme Court

Cited Legislation

AI generated
Section 10 of the Security Act 1973
AI generated
kko-precedent_2006_14
Supreme Court allows secured creditor to claim from sale proceeds of debtor's home sold during debt arrangement.
kko-precedent_1998_125
Supreme Court dismissed appeal; capital gains tax not deductible as realization cost under debt restructuring law.
kko-other_1997_1777
Supreme Court dismisses debt restructuring objection when debtor accepts mother's will and waives inheritance rights.
kko-other_1996_1219
Supreme Court dismisses debt arrangement application where debtor failed to prove insolvency under VJL 10 § 8.
kko-other_1995_5022
Supreme Court allows debt restructuring for a non-personally liable spouse owning a home used as security for a joint debt.

Need to analyze how this precedent applies to your matter?

Cross-reference this judgment against statutes, commentaries, and subsequent citing case law inside Legislator AI.

Open in Legislator →

Full text

Toiselle paikkakunnalle vuokra-asuntoon muuttamisen takia velallinen myi maksuohjelmassa säilytetyn omistusasuntonsa ennen maksuohjelman päättymistä. Kysymys realisointituottojen tilittämisestä vakuusvelkojalle.