In Finland, insolvency proceedings and enforcement procedures are currently stable. On the whole, the Finnish insolvency system is quite modern, although minor streamlining is needed. Insolvency legislation consists of three pieces of law: the Bankruptcy Act (120/2004), the Restructuring of Enterprises Act (47/1993), and the Act on the Adjustment of the Debts of a Private Individual (57/1993). Additionally, according to the Enforcement Code (705/2007), attachment and other civil enforcements are to be administered by enforcement officers (that is, bailiffs and their staff).
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