Maksukyvyn

Maksukyvyn, or maksukyky, is a Finnish term describing the capacity of a person or organization to meet financial obligations as they come due. It denotes solvency in the sense of being able to pay debts, taxes, and other regular charges, rather than merely having temporary cash on hand. The concept is used across several fields, including debt enforcement, bankruptcy procedures, taxation, and credit assessment.

Assessment of maksukyky typically considers current income, regular expenses, assets, liabilities, and expected future earnings. A high maksukyky implies that obligations can be serviced from ongoing cash flow, while a low maksukyky indicates that payments may be difficult to meet and could lead to enforcement actions or insolvency procedures.

In Finland, maksukyky plays a role in both public and private finance. For individuals, it affects debt collection and potential restructuring or discharge under insolvency rules; for businesses, it influences credit approvals, liquidity planning, and possible financial restructuring. Lenders, authorities, and courts use maksukyky as a criterion to decide on payment arrangements, continuation of credit, or formal insolvency measures.

Critics note that assessments of maksukyky can be sensitive to economic changes and may involve subjective judgments, with thresholds potentially impacting access to essential services or fair treatment in debt relief. Overall, maksukyky is a fundamental concept in personal and corporate finance, shaping how debts are managed and when formal procedures become appropriate.