Velkajärjestelmä
Velkajärjestelmä, often translated as debt restructuring or debt relief program, is a legal framework in Finland designed to help individuals who are over-indebted. Its primary goal is to provide a structured way for debtors to manage their financial difficulties and achieve a sustainable financial situation. The system is administered by the Enforcement Office (ulosottovirasto) and overseen by the Ministry of Justice.
To be eligible for the debt restructuring program, an individual must be permanently unable to pay their
If the Enforcement Office approves the application, a debt restructuring plan is drawn up. This plan usually