Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
Could you cite the Tennessee statute that supports that answer?
Could you cite the Tennessee statute supporting this answer? I'm trying to refinance my house. If the bankruptcy period tolls the statute then I have a problem but, it it doesn't then I have cleared the 10 year collection statute on the judgement.
Over 34 years, I have assisted my clients with debt problems having filed more than 32000 Chapter 7 and Chapter 13 Bankruptcy petitions.
Bankruptcy law is a Federal law and the rules of the Bankruptcy Code apply to all states. Having said that, the statute of limitations is tolled or stayed for the period that you are in a bankruptcy proceeding. And the clock starts ticking again once the bankruptcy proceeding is completed. Therefore, Tennessee law is not involved.
Are you referring to Title 11, Chapter 1 Sec. 108(a)?
The bankruptcy code, again under Federal law is as follows:
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).