A few years ago, I said that Interpleader lawsuits are the only times people like to hear from me. My lawyer marketing materials, literally, say “It’s bad news if you’re hearing from David Anthony.”
In that blog post, I talked about why interpleader lawsuits are good news. Well, sort of good news. I mean, it’s still a lawsuit and still a hassle to deal with.
Here’s a little bit better news. There’s a statute that allows a party to file an interpleader lawsuit in General Sessions Court, which means that the parties will: (a) get the money quicker; and (b) with less legal fees.
The statute, Tenn. Code Ann. § 16-15-731(a), provides in part that:
So, if the amount is less than $25,000, and the matter is filed in General Sessions Court, you should be really happy to hear from me.
Creditors Rights 101 