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Court Places 23 Lakea Housing Companies Into Bankruptcy

Summary by Helsinki Times
Twenty-three housing cooperatives linked to collapsed Finnish housing developer Lakea have been declared bankrupt by the Ostrobothnia District Court. The ruling was handed down on Tuesday 4 November. Touko Raitis, a court-appointed administrator, confirmed he had been assigned to oversee the bankrupt estates. The affected companies had been under liquidation since August, when parent company Lakea oy filed for bankruptcy.

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yle broke the news in Finland on Tuesday, November 4, 2025.
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