Tenn. Code § 66-21-110

Current through Acts 2023-2024, ch. 1069

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

Notwithstanding any other law to the contrary, if due to the filing of a bankruptcy petition under title 11 of the United States Code (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.

T.C.A. § 66-21-110

Acts 2006, ch. 684, § 1.