Legislator Case Law & Legislation
KKO 533/2007 AI generated

Supreme Court dismisses enforcement claim where final bank account balance is insufficient to satisfy the debt.

Case Number KKO 533/2007
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Dismissed

Legislator summary

AI generated

The 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 generated

s. 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.

Keywords

AI generated
enforcement proceedings bank account balance final account insufficient funds seizure order liquid assets debt satisfaction

Cited Legislation

AI generated
s. 10 of the Enforcement Act 1970

Cited Case Law

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Full text

Kysymys rahavarojen lopputilityksen vaikutuksesta ulosmittausvalituksen tutkimiseen.

Ks. KKO:2004:62