Supreme Court dismisses enforcement claim where final bank account balance is insufficient to satisfy the debt.
Legislator summary
AI generatedThe Supreme Court dismissed the enforcement claim against the defendant, ruling that the final bank account balance was insufficient to cover the outstanding debt. The plaintiff argued for enforcement based on the total value of assets, while the defendant contended that only the liquid balance in the final account could be seized. The court held that enforcement must be based on the actual liquid funds available at the time of the seizure order.
Legislator headnote
AI generateds. 10 of the Enforcement Act 1970; s. 10 of the Enforcement Act 1970: Enforcement proceedings must be based on the actual liquid funds available in the debtor's final bank account, not the total asset value.
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Kysymys rahavarojen lopputilityksen vaikutuksesta ulosmittausvalituksen tutkimiseen.
Ks. KKO:2004:62