Tennessee InterpleaderMotion For Installment of Payments is a legal document that allows a third party to distribute payments on behalf of a debtor to multiple creditors. The motion is used when a debtor has multiple creditors and is unable to make all payments in full. This document allows the debtor to make payments in installments, usually over a period of time, to each creditor. The motion is filed with the court, and the court will then order the third party to distribute the payments accordingly. The types of Tennessee InterpleaderMotion For Installment of Payments are: Joint and Several liabilities, Pro Rata Distribution, Apportionment, and Debt Consolidation.
Tennessee InterpleaderMotion For Installment of Payments
State:
Tennessee
Control #:
TN-SKU-1085
Format:
PDF
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InterpleaderMotion For Installment of Payments
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Each copy of a motion shall be accompanied by a memorandum of law and if the motion is based on matters not appearing of record, by affidavits or other evidence in support thereof. Any showing in opposition to a motion, other than a procedural motion, shall be served and filed within 10 days after the motion is filed.
INTERPLEADER. Any property or amount involved as to which the party seeking interpleader admits liability may, upon order of the court, be deposited with the court or otherwise preserved, or secured by bond in amount sufficient to assure payment of the liability admitted.
?The remedy by bill of interpleader,? ing to the Tennessee Supreme Court, ?is designed to protect a stakeholder against the vexation of proceedings by two or more doubtful claimants when the whole matter may be settled in a single suit.? Woodard v. Metropolitan Life Ins. Co., 24 S.W. 2d 888, 889 (Tenn.
P. 33.01. Any party may serve upon any other party written interrogatories to be answered by the party served or, if the party served is a public or private corporation or a partnership or association or governmental agency, by any officer or agent, who shall furnish such information as is available to the party.
INTERPLEADER. Any property or amount involved as to which the party seeking interpleader admits liability may, upon order of the court, be deposited with the court or otherwise preserved, or secured by bond in amount sufficient to assure payment of the liability admitted.
Specifically, Rule 69.04 of the Tennessee Rules of Civil Procedure provides that: Within ten years from the entry of a judgment, the creditor whose judgment remains unsatisfied may file a motion to extend the judgment for another ten years.
In an interpleader action, a party who knows two or more other parties are making a claim on some asset controlled by the party can ask the court to decide who has what rights to the asset, deposit the asset into the custody of the court or a third party and remove itself from the litigation.
In an interpleader action, a party who knows two or more other parties are making a claim on some asset controlled by the party can ask the court to decide who has what rights to the asset, deposit the asset into the custody of the court or a third party and remove itself from the litigation.