66-21-110 - Tolling of limitations period for perfection or enforcement of liens against debtor in bankruptcy. - Tennessee Statutes

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66-21-110. Tolling of limitations period for perfection or enforcement of liens against debtor in bankruptcy.

Notwithstanding any other provision of law to the contrary, if due to the filing of a bankruptcy petition under title 11 of the United States Code, compiled in 11 U.S.C., a creditor is stayed from filing the necessary documents to create or enforce a lien or security interest against the debtor's property, then any statute of limitations created or established by law for the perfection or enforcement of a lien or security interest shall be tolled until ninety (90) days after any of the following actions occur with respect to the filing of the bankruptcy petition:

(1) The stay is lifted as to the creditor;

(2) The case is discharged; or

(3) The case is dismissed.

[Acts 2006, ch. 684, § 1.]

State Codes and Statutes

Statutes > Tennessee > Title-66 > Chapter-21 > Part-1 > 66-21-110

66-21-110. Tolling of limitations period for perfection or enforcement of liens against debtor in bankruptcy.

Notwithstanding any other provision of law to the contrary, if due to the filing of a bankruptcy petition under title 11 of the United States Code, compiled in 11 U.S.C., a creditor is stayed from filing the necessary documents to create or enforce a lien or security interest against the debtor's property, then any statute of limitations created or established by law for the perfection or enforcement of a lien or security interest shall be tolled until ninety (90) days after any of the following actions occur with respect to the filing of the bankruptcy petition:

(1) The stay is lifted as to the creditor;

(2) The case is discharged; or

(3) The case is dismissed.

[Acts 2006, ch. 684, § 1.]

State Codes and Statutes

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State Codes and Statutes

Statutes > Tennessee > Title-66 > Chapter-21 > Part-1 > 66-21-110

66-21-110. Tolling of limitations period for perfection or enforcement of liens against debtor in bankruptcy.

Notwithstanding any other provision of law to the contrary, if due to the filing of a bankruptcy petition under title 11 of the United States Code, compiled in 11 U.S.C., a creditor is stayed from filing the necessary documents to create or enforce a lien or security interest against the debtor's property, then any statute of limitations created or established by law for the perfection or enforcement of a lien or security interest shall be tolled until ninety (90) days after any of the following actions occur with respect to the filing of the bankruptcy petition:

(1) The stay is lifted as to the creditor;

(2) The case is discharged; or

(3) The case is dismissed.

[Acts 2006, ch. 684, § 1.]