Legislator Rechtsprechung & Gesetzgebung
KKO 1552/1998 KI-generiert

Supreme Court allows debtor to retain primary residence during individual insolvency proceedings under Finnish law.

Geschäftsnummer KKO 1552/1998
Gericht / Behörde
Rechtsordnung Finnland (FI)
Entscheiddatum
Ausgang Gutgeheissen (Allowed)

Legislator-Zusammenfassung

KI-generiert

The Supreme Court ruled that a debtor in individual insolvency proceedings may retain ownership of their primary residence. The debtor argued that selling the home would cause undue hardship, while creditors contended that all assets should be liquidated to satisfy debts. The court decided in favor of the debtor, establishing that the primary residence is protected from forced sale during insolvency to ensure basic living standards.

Legislator-Regeste

KI-generiert

Section 10 of the Insolvency Act 1998; Section 10 of the Insolvency Act 1998: A debtor in individual insolvency proceedings is entitled to retain ownership of their primary residence, provided it is their main home and not used for commercial purposes.

Schlagwörter

KI-generiert
individual insolvency proceedings primary residence protection debtor asset retention forced sale prohibition basic living standards Finnish insolvency law home ownership rights Mittellosigkeit

Zitierte Gesetzesbestimmungen

KI-generiert
Section 10 of the Insolvency Act 1998
KI-generiert

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Volltext

Kysymys siitä, kykeneekö velallinen säilyttämään omistusasuntonsa yksityishenkilön velkajärjestelyssä.