The Law On Payment Of Creditors

Original Language Title: Laki velkojien maksunsaantijärjestyksestä

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Read the untranslated law here: http://www.finlex.fi/fi/laki/ajantasa/1992/19921578

In accordance with the decision of the Parliament, provides for: the scope of the law this law article 1 determines the order in which creditors of a financial contribution is paid to the bankrupt, or ulosotossa, when the debtor's assets are not sufficient to pay all the claims.
The pledge to be a better place to be, or is required to pay a mortgage on immovable property, referred to in the regulation on registered land, registered aircraft or car, or any other car of the mortgage law (810/72) relating to a mortgage from before the other claims in the order and the way it separately.
The costs of the execution and enforcement of the assets or the sale price provided for separately.

section 2 of the equal rights of the creditors to get charge if you do not have sufficient funds to be distributed to all to the implementation of the payment of the claims, it is the creditors the right to equal access to the payment of these funds in proportion to the amount of their claims, unless otherwise provided for below, or separately.

section 3 of the deposit and the arrest of the right to priority, which is produced by the other as referred to in article 1 of the lien on the movable property or a right incident to the arrest warrant, has the right to receive payment of a deposit or the arrest warrant law saatavastaan from before any other claims. The same also applies to the interest rate of not more than three years, a claim before the date on which the bankruptcy began to settle, in bankruptcy, or garnishment of the funds was delivered and, through precautionary garnishee the time up to the point where interest in respect of the calculation.
Mortgage company producing the privilege provided for in section 5.

3. (a) section (6 November 1998/795) from the company's restructuring, Reorganisation of the privilege during the period from the beginning of the procedure and in the event of discontinuance on the status of the claim arising in the company's reorganization Act (47/1993), section 32, at the time referred to in subparagraph 2, which began bankruptcy proceedings provided for in the said legislations regard as a member. The liquidator and the controller, and the premium for the privilege of running in the bankruptcy proceedings, and without prejudice to the law of ulosotossa provided for in article 87.

section 4 maintenance the privilege if the debtor is a judgment the obligation or ' sections (710/1982) referred to in article 6 of the agreement by the multi-member body by strengthening the commitment of time to carry out, at the beginning of the bankruptcy of the overdue child support to get and keep the Security Act (671/1998) of the takautumissaatava is carried out based on the 3 and 3 (a), after the claims referred to in article. The delivery of the same priority, through precautionary garnishee prior to the attachment ex officio to an overdue maintenance based on the current available. The cumulative distribution of the execution of the maintenance claim, the claim and the takautumissaatavan is valid, what keeps the security required by law. (20 February 2004/122)
What provides, also applies to damages, that someone has a duty to the child law (412/74) on the basis of article 4 of Chapter 5. (28.6.1993/611)
ElatusturvaL 671/1998 ElatustukiL:lla 580/2008 is repealed.

section 5 of the mortgage company, produced by the privilege in respect of the amounts secured by way of the law, which is in the business of a mortgage (637/1984) an undertaking within the meaning of the mortgage, is distributed in bankruptcy before the other assets in the 50% of the value of the pledged property after 3, 3 (a) and 4 of the claims has been completed. For the remainder of the claim payment is made in accordance with section 2 of the order, under section 6 (1). (6 November 1998/795)
To be referred to in subparagraph (1), through precautionary garnishee is in accordance with this section for the full value of the assets of this privilege for a label attached to it.
In addition to the mortgage company mortgage debt the equity generated by the privilege is also a mortgage debt at an interest rate of not more than three years of the book prior to the date on which the claims were submitted to the bankruptcy or, in section 3, above, up to the point of time and in the manner specified in the collection with the cost of mortgage debt.
Business mortgages on the privilege provided for in section 8 of the law business mortgage.

section 6 of the Last to be carried out from the Last run in the period after the commencement of the bankruptcy of: 1) the kind of interest rate and the duration of the delay of payment delay penalty, that the privilege does not apply to;
ylikuormamaksu, kilpailunrikkomismaksu, 2), the amount of money confiscated, as well as other crime, or because of the unlawful conduct of the sentenced person or a body governed by public law provided for the payment of penalties, does not, however, of the Penal Code (39/1889) (2) (a) in section 3 of Chapter 1 of the fine or periodic penalty payments in accordance with the date of the fixed penalty, or the crime victim compensation and payment, as well as tax or obligation to the other due to infringements of the provisions of the tax or fee increase; (22.5.2015/672)
L:lla 672/2015 modified paragraph 2 at the time of the entry into force of the law, stabilised against. The previous wording is: 2) ylikuormamaksu, kilpailunrikkomismaksu, convicted of the crime, or the amount of money, as well as any other similar because of the unlawful conduct of the sentenced person or a body governed by public law provided for the payment of penalties, does not, however, of the Penal Code (39/1889) (2) (a) in section 3 of Chapter 1 of the first day of the penalty payments in accordance with the laid down a fine and a penalty, as well as tax or obligation to the other due to infringements of the provisions of the tax or fee increase;
3), which is based on the debtor's movement to calculate the bond, if made in respect of the terms of the loan is provided for the other commitments of the movement of a single issuer;
4) a quote based on the interest rate and the capital as well as to the rest of the credit under the terms of the loan to pay for the company in the event of liquidation and bankruptcy proceedings only to all other creditors, whether privilege should last;
5) the gift of the promise of the law (625/1947) must be based on;
6 paragraph repealed by L:lla on 15 June 2007/712.
the debts of the estate, the estate in bankruptcy 7) other than the inheritance code (40/1965), chapter 18, section 5 of the statement of the liabilities referred to in the body.
(20.8.2004/787) The number of items in the order determined by the mutual rights of the claims. In the same period referred to in paragraph 1, the right to equal access is available, in respect of the claims referred to in paragraph 4 have not agreed otherwise.

the result of the entry into force of article 7 of the äännös this law shall enter into force on 1 January 1993.
In this law: 1) on 9 November 1868 of the privilege of setting the subsequent amendments;
on the basis of the income maksuunpantujen 2) infrastructure and kirkollisverojen the privilege of the law of 15 October 1937 (347/37);
3) 13 June 1929 on the Marriage Act (234/29) section 57;
4) 29 April 1966 on the establishment of a land lease law (258/66);
5) 10 July 1987 laying down the procedure for the tenancy Act (653/87), section 102 and 125; as well as 6) right-of-occupancy Housing Act of 16 July 1990 (650/90), section 43.

section 8 of the previous application of the law of bankruptcy, shall continue to apply the provisions of the previous, if bankruptcy is commenced before the entry into force of this law. The provisions of Ulosotossa shall apply by analogy to previous to the claims of which the property is were confiscated before the entry into force of this law, as well as the claims for which the creditor has the right to demand the payment of fixed assets, by the way, if ulosmitatusta is born and the property were confiscated from the rest of the debt before the entry into force of this law.
Section 7, subsection 2, the provisions referred to in paragraphs 4 to 6 shall apply, provided that they provided for the arrest of the right to the assets of the debtor to be born before the entry into force of this law.

section 9 transitional provisions If bankruptcy or garnishment will be delivered before 1 January 1995, article 4 of the corresponding privilege is: 1) the employee's salary and other employment with the johtuneella of the past and the current year; as well as the assets of the employer with the 2) that were not on the employee by the employer shall be in the context of the activities of the Commission, the work of the service is with the consent of the author of the wages or pension arising from an employment relationship dismissed the employee for certain payments.
If your bankruptcy starts before 1 January 1995 shall be allocated in respect of the company, which is secured by a mortgage, by way of derogation from article 1, section 5 of the 60 per cent of the value of the pledged property, after article 3 and 4, and corresponding to the priority referred to in the claims have been paid.
If the bankruptcy begins before 1 January 2011, article 4 of the corresponding privilege in bankruptcy is: 1) huoltoapu of the pension provided for in article 5 of the law pääomitetulla; as well as the pension fund with the employer), which covers the Pension Fund Act (1774/95) in accordance with article 47 of the benefits resulting from the voluntary supplementary pension plan in so far as this claim is to get it from the amounts secured by way of a bond.
(29.12.1995/1776) THEY LaVM 13/181/92, 92 acts entry into force and application in time: 28.6.1993/611: this law shall enter into force on 1 July 1993.
THEY'RE 79/93, LaVM 11/93 29.12.1995/1776: this law shall enter into force on 1 January 1996.
THEY'RE 187/188/95, 95, THEY are Shub 28/95, EV 177/95 21.8.1998/674: this law shall enter into force on 1 January 1999.
Before the entry into force of the law to an overdue claims are based on the law applicable to maintenance obligations in force at the time of entry into force. After the entry into force of the laws of the privileged is considered maintenance, which is due to be paid in the last year before the entry into force of the law. Such a claim of the privilege will end by the end of 1999.
THEY'RE 128/1997, LaVM 4/1998, on 6 November 1998 of 83/1998/795 EV: this law shall enter into force on 1 January 1999.
The provisions of this Act shall not apply in cases where a decision on a reorganisation of the initiation of the entry into force of the laws has been done before.
THEY'RE 68/1998, LaVM 8/1998 of 23 December 1998/105/1998, EV 1098: this law shall enter into force on 1 January 1999.
THEY LaVM 263/1998, 21/1998, EV 227/1998 a/678: this law shall enter into force on 1 October 2002.
THEY 218/2001, LaVM 9/2002, 20 February 2004/72/2002, EV 122: this law shall enter into force on 1 September 2004.
If the bankruptcy is commenced before the entry into force of the law, shall be subject to the law in force at the time of entry into force.
THEY LaVM 6/26/2003, 2003/113/2003, EV 20.8.2004 787: this law shall enter into force on 1 November 2004.
This law does not apply, if the levy is dead before the entry into force of the law.
THEY LaVM 6/14/2004, 2004, EV 100/2004 on 15 June 2007/712: this law shall enter into force on 1 January 2008.
THEY LaVM 26/83/2006, 2006, 2006 275/22.5.2015/672 EV: this law shall enter into force on the same day as the imposition of the fine, the fine and the violation of the law (754/2010).
THEY LaVM 32/293/2014, 2014, EV 347/2014