Minnesota Instructions - Motion to Stop Interest

State:
Minnesota
Control #:
MN-SKU-1334
Format:
PDF
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Description

Instructions - Motion to Stop Interest Minnesota Instructions — Motion to Stop Interest is a document used to request a court order to stop the accrual of interest on a debt in the state of Minnesota. The document is used when a debtor is unable to pay the debt in full and wants to prevent the debt from further accruing interest. It is typically used when the debtor is in a financial hardship and cannot afford to pay the full amount of the debt. There are two types of Minnesota Instructions — Motion to Stop Interest: motion to stop interest on a judgment and motion to stop interest on an agreement. A motion to stop interest on a judgment is used when a creditor has obtained a judgment against the debtor and the debtor are unable to pay the full amount of the debt. A motion to stop interest on an agreement is used when a debtor has entered into an agreement with the creditor to pay the debt in installments and the debtor is unable to make the payments as agreed. The Minnesota Instructions — Motion to Stop Interest should be filed in the county court in the county where the debt was incurred. The motion must include the debtor's name, the creditor's name, the amount of the debt, and any other information that is relevant to the case. The motion must be accompanied by an affidavit which must be signed by the debtor attesting to the accuracy of the information contained in the motion. Once filed, the court will schedule a hearing to determine whether to grant the motion.

Minnesota Instructions — Motion to Stop Interest is a document used to request a court order to stop the accrual of interest on a debt in the state of Minnesota. The document is used when a debtor is unable to pay the debt in full and wants to prevent the debt from further accruing interest. It is typically used when the debtor is in a financial hardship and cannot afford to pay the full amount of the debt. There are two types of Minnesota Instructions — Motion to Stop Interest: motion to stop interest on a judgment and motion to stop interest on an agreement. A motion to stop interest on a judgment is used when a creditor has obtained a judgment against the debtor and the debtor are unable to pay the full amount of the debt. A motion to stop interest on an agreement is used when a debtor has entered into an agreement with the creditor to pay the debt in installments and the debtor is unable to make the payments as agreed. The Minnesota Instructions — Motion to Stop Interest should be filed in the county court in the county where the debt was incurred. The motion must include the debtor's name, the creditor's name, the amount of the debt, and any other information that is relevant to the case. The motion must be accompanied by an affidavit which must be signed by the debtor attesting to the accuracy of the information contained in the motion. Once filed, the court will schedule a hearing to determine whether to grant the motion.

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Minnesota Instructions - Motion to Stop Interest