Legislator Case Law & Legislation
BS-3362/2005-OLR ECLI:DK:OLR:2024:BS0000000026 AI generated

Court dismisses appeal regarding reduction of credit account balance under bankruptcy law sections 67 and 74.

Case Number BS-3362/2005-OLR
Court / Authority
Jurisdiction Denmark (DK)
Decision Date
Outcome Dismissed

Legislator summary

AI generated

The court dismissed the appellant's appeal challenging the reduction of the balance on a credit account held by the defendant. The appellant argued that the reduction violated specific provisions of the Bankruptcy Act, while the defendant maintained the action was lawful under the statute. The court ruled that the reduction complied with the statutory requirements and thus rejected the appeal.

Legislator headnote

AI generated

Bankruptcy Act s. 67; s. 74: A reduction of a credit account balance in bankruptcy proceedings is valid if it strictly adheres to the statutory procedures and conditions outlined in the specified sections.

Keywords

AI generated
bankruptcy law credit account balance reduction of assets bankruptcy appeal statutory compliance

Cited Legislation

AI generated
Bankruptcy Act s. 67
Bankruptcy Act s. 74
AI generated

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Full text

Sag vedrørende spørgsmålet om, hvorvidt nedbringelse af saldo på en kassekreditkonto hos sagsøgte, kan omstødes i medfør af konkurslovens §67, alternativ §74