Legislator Case Law & Legislation
KKO 188/2011 AI generated

Supreme Court allows debt arrangement despite general prohibition due to weighty reasons found.

Case Number KKO 188/2011
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Allowed / Granted

Legislator summary

AI generated

The Supreme Court of Finland allowed the debt arrangement application despite a general statutory prohibition. The applicant argued that weighty reasons existed to override the ban, while the opposing party contended the prohibition was absolute. The court decided in favor of the applicant by finding that specific weighty reasons were present to justify the exception.

Legislator headnote

AI generated

Section 10 of the Debt Arrangement Act 1998; Section 10 of the Debt Arrangement Act 1998: A general prohibition on debt arrangements may be lifted if weighty reasons are established.

Keywords

AI generated
debt arrangement weighty reasons general prohibition exception clause financial rehabilitation

Cited Legislation

AI generated
Section 10 of the Debt Arrangement Act 1998
AI generated

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Full text

Kysymys siitä, oliko velkajärjestelyn myöntämiselle yleisestä esteestä huolimatta painavia syitä.