MOORE, J., delivered the opinion of the court, in which BERTELSMAN, D.J., joined. BATCHELDER, J. (pp. 514-18), delivered a separate concurring opinion.
OPINION
MOORE, Circuit Judge.Plaintiff-Appellant Jalapeno Property Management, LLC brought suit to enforce *507a judgment against Defendants Appellees George and Justine Dukas for liability on a defaulted promissory note, which the Du-kases had guaranteed. The district court dismissed Jalapeno’s claim as barred by the applicable state statute of limitations, and refused to apply a longer federal statute of limitations found in the Federal Debt Collection Procedures Act, (“FDCPA,”) 28 U.S.C. § 3001 et seq. Jalapeno appeals the district court’s dismissal. For the following reasons, we REVERSE the judgment of the district court.
I. BACKGROUND
This case revolves around a now-defaulted promissory note which was executed on September 20, 1982 by a political campaign committee, “Tennesseans for Tyree,” and signed by the campaign’s chairman, P. Douglas Morrison, for the purpose of funding candidate Randy Tyree’s 1982 gubernatorial race in Tennessee. In exchange for the note, which was payable on demand or, in the event of no demand, within 90 days after execution of the note, the United American Bank (“UAB”) loaned Tennesseans for Tyree $378,750.00.1 On November 15, 1982, George and Justine Dukas, Tyree’s in-laws, signed a broadly worded “Continuing Guaranty,” which guaranteed all of Tennesseans for Tyree’s debts “now existing or hereafter arising” for an “unlimited” sum of money. UAB subsequently failed in May 1983, and the Federal Deposit Insurance Corporation (“FDIC”), acting in its corporate capacity, purchased the defaulted promissory note and other assets of the bank from the bank’s receiver. The Continuing Guaranty was found in UAB’s files with the note; apparently, it had been included in the file to support the loans to Tennesseans for Tyree when the bank was being investigated by federal banking officials.
This litigation began on November 16, 1983, when the FDIC filed a complaint in federal district court against Tennesseans for Tyree, Randy Tyree, P. Douglas Morrison, and George and Justine Dukas as members of the political campaign seeking to enforce the defaulted promissory note; the FDIC also sought to hold the Dukases liable as guarantors of the note. The parties filed cross-motions for summary judgment. On July 24, 1984, the district court granted summary judgment in favor of Tyree, Morrison, and the Dukases as members of the political campaign committee. The district court refused, however, to grant summary judgment for the Du-kases in their role as guarantors of the note.2 On February 26, 1985, the district court granted the FDIC’s motion for summary judgment against the Dukases as guarantors of the note. Judgment was entered for the FDIC in the amount of $378,750.00, plus interest and attorney’s fees in accordance with the terms of the note. On March 25, 1985, the FDIC filed a notice of appeal, stating that it appealed the district court’s July 24, 1984 judgment upon the conclusion of the action by the *508February 26, 1985 judgment. The Dukas-es cross-appealed from the district court’s judgment of February 26,1985.
In an unpublished opinion, FDIC v. Morrison, Nos. 85-5272, 85-5273, 1987 WL 37065 (6th Cir. Apr.14, 1987), a panel of this court affirmed the district court’s grant of summary judgment for the FDIC as to its claim against George and Justine Dukas, but reversed the grant of summary judgment for Tyree and Morrison and remanded for further proceedings.3 The FDIC then filed a Motion for Entry of Judgment Specifying Sum Certain in the district court in the amount of $703,401.71, which included the principal amount of the loan plus interest and attorney’s fees. The motion averred that “[t]he time for any further appeal on this matter has expired” and that the judgment is “final.” J.A. at 50. On September 15, 1987, the district court entered a Judgment for Sum Certain for the amount requested. On May 3, 1988, the FDIC applied for a Writ of Execution to satisfy the judgment against the Dukases, which was granted by the district court and executed upon local banks. The writs were never satisfied.
On August 1, 1988, in accordance with this court’s mandate, the district court held a bench trial on the FDIC’s claims against Tennesseans for Tyree, Morrison, and Tyree, in which the FDIC sought to hold the latter two defendants personally liable for the promissory note. At the conclusion of the trial, the district court found that neither Tyree nor Morrison were liable for the note, nor had they intended to mislead banking authorities; the district court also entered a default judgment against Tennesseans for Tyree, finding it liable on the promissory note in the amount of $665,813.57, plus $117,529.11 for attorney’s fees, expenses, and costs.
The FDIC then filed a notice of appeal as to the judgment entered in favor of Tyree and Morrison. Another panel of this court affirmed the judgment of the district court in FDIC v. Tennesseans for Tyree, 886 F.2d 771, 773 (6th Cir.1989); the mandate for that decision issued on October 27,1989.
On July 26, 1999, almost ten years after this court’s last mandate in the litigation, the FDIC filed a Motion to Renew Judgment, claiming that the judgment entered by the district court against the Dukases on September 15, 1987 had not been satisfied. Citing Tenn.Code Ann. § 28-3-110,4 the FDIC asserted that “[t]he statutory period of ten (10) years since the entry of the judgment has not expired, due to the fact that this matter was appealed and the time during which the appeal was pending is not counted for purposes of determining the expiration date of a judgment.” J.A. at 84.
The Dukases failed to respond to this motion because it was not served on their current counsel. On August 4, 1999, the district court determined that the judgment against the Dukases had not expired and that the FDIC was owed $703,401.71 plus interest, as was entered in the September 15, 1987 judgment; the court then ordered that the judgment against the Du-kases be renewed and the lien continued for another ten years. On October 20, 1999, the Dukases filed a Motion to Set Aside Order Renewing Judgment, on the ground that the applicable ten-year statute of limitations under Tennessee law had *509expired and that the court therefore lacked jurisdiction over them.
On October 21, 1999, the FDIC filed a notice that it had transferred and assigned its right, title, and interest to the judgment entered on September 15, 1987, including the promissory note and the Continuing Guaranty which were the basis of that judgment, to Jalapeno Property Management, LLC. On October 27, 1999, Jalapeno filed an Application for Writ of Execution to satisfy the judgment against the Dukas-es for the amount of $1,371,295.31, which included the amount of the original judgment plus interest from August 15, 1987.
In response to the Dukases’ Motion to Set Aside Order, Jalapeno advanced two alternative arguments: first, that the judgment against the Dukases did not expire prior to the FDIC’s filing of its Motion to Renew Judgment because the judgment did not accrue until October 27,1989, when this court issued its mandate affirming the district court’s dismissal of the remaining claims against Tyree and Morrison and the rights of all parties had been adjudicated; and, in the alternative, that the FDCPA’s twenty-year statute of limitations governed Jalapeno’s claim.
On February 29, 2000, the district court granted the Dukases’ Motion to Set Aside Order, pursuant to its authority under Fed.R.Civ.P. 60(b). The district court first determined that the FDCPA, 28 U.S.C. § 3201, which provides for a twenty-year statute of limitations on the recovery of all judgment liens owed to the United States under the Act, did not govern Jalapeno’s claim. The district court agreed with the Dukases that, because the original debt arose between two private parties (UAB and Tennesseans for Tyree), the FDCPA’s statutory exclusion for debts “owing under the terms of a contract originally entered into by only persons other than the United States,” 28 U.S.C. § 3002(3)(B), rendered the statute inapplicable. J.A. at 108. The district court then held that the FDIC did not move to renew the judgment within the ten-year statute of limitations period provided by state law. The court reasoned that because the judgment against the Du-kases became final on October 16, 1987, thirty days after the district court’s September 15, 1987 judgment against them, and the FDIC did not file its Motion to Renew until after October 16, 1997, which was the ten-year expiration date, the FDIC’s motion was untimely. The district court specifically rejected Jalapeno’s argument that, pursuant to Fed.R.Civ.P. 54(b), final judgment was not entered until October 27, 1989, this court’s ultimate disposition of the case.
Jalapeno timely appealed the district court’s judgment.
II. ANALYSIS
A. Standard of Review
The district court granted the Dukases’ Motion to Set Aside Order Renewing Judgment pursuant to Fed.R.Civ.P. 60(b). Preliminarily, we note that it is unclear under which provision of Rule 60(b) the district court relieved the Dukases from its original judgment. Based on several oblique references in the district court’s opinion to Rule 60(b)(6), we presume that the district court acted pursuant to that provision, which grants the district court power to “relieve a party or a party’s legal representative from a final judgment” for any reason, other than the first five reasons enumerated in the Rule, which “justifies] relief from the operation of the judgment.” Fed.R.Civ.P. 60(b)(6).
Typically, a district court may grant relief under Rule 60(b)(6) only for “exceptional or extraordinary circumstances which are not addressed by the first five numbered clauses of the Rule.” Blue Diamond Coal Co. v. Trustees of the *510UMWA Combined Benefit Fund, 249 F.3d 519, 524 (6th Cir.2001) (quoting Olle v. Henry & Wright Corp., 910 F.2d 357, 365 (6th Cir.1990)). Neither party has briefed or argued to this court that the district court erred by granting the Dukases’ motion pursuant to the “extraordinary circumstances” requirement inherent in Rule 60(b)(6) relief; instead, Jalapeno and the Dukases both address the merits of the claims that were before the district court. Therefore, we will not consider whether the district court’s judgment was based on an improper use of Rule 60(b)(6), but instead will turn our attention to the merits of this litigation.5 Although we review a district court’s grant of a motion to reconsider under Rule 60(b)(6) for an abuse of discretion, see Blue Diamond, 249 F.3d at 524, we treat the district court’s interpretation and application of the Federal Rules of Civil Procedure as a question of law and, as with all legal questions, review this analysis de novo. See Indiana Lumbermens Mut. Ins. Co. v. Timberland Pallet & Lumber Co., 195 F.3d 368, 374 (8th Cir.1999).
B. Tennessee’s Ten-Year Statute of Limitations
Jalapeno claims that the district court erred by measuring the start of Tennessee’s ten-year statute of limitations from October 16, 1987, thirty days after judgment was imposed against the Dukases. According to Jalapeno, the statute of limitations did not begin to run until October 27, 1989, when this court’s mandate issued as to the last of the claims in the litigation. Calculated from that later date, Jalapeno argues that the FDIC’s motion to renew must be considered timely under Tennessee law.
Jalapeno grounds its argument in the language of Fed.R.Civ.P. 54(b), which governs judgment upon multiple claims or involving multiple parties. The Rule provides:
When more than one claim for relief is presented in an action, whether as a claim, counterclaim, cross-claim, or third-party claim, or when multiple parties are involved, the court may direct the entry of a final judgment as to one or more but fewer than all of the claims or parties only upon an express determination that there is no just reason for delay and upon an express direction for the entry of judgment. In the absence of such determination and direction, any order or other form of decision, however designated, which adjudicates fewer *511than all the claims or the rights and liabilities of fewer than all the parties shall not terminate the action as to any of the claims or parties, and the order or other form of decision is subject to revision at any time before the entry of judgment adjudicating all the claims and the rights and liabilities of all the parties.
Fed.R.Civ.P. 54(b). Rule 54(a) states that a judgment “includes a decree and any order from which an appeal lies.” Fed. R.Civ.P. 54(a). Jalapeno argues that the September 15, 1987 order could not have been a final appealable judgment because when multiple parties are involved and a court’s order does not resolve all of the parties’ claims, “the court may direct the entry of a final judgment as to one or more but fewer than all of the ... parties only itpon an express determination that there is no just reason for delay and upon an express direction for the entry of judgment.” Fed.R.Civ.P. 54(b) (emphasis added). In this case, the district court’s September 15, 1987 order did not resolve the litigation as to all parties; it ordered judgment only against the Dukases, but did not terminate the litigation as to plaintiffs claims against Tennesseans for Tyree, Tyree, or Morrison. The district court’s order also failed to comply with Rule 54(b), in that it lacked a certification of finality and it failed to find that there was no just reason for delay. Therefore, according to Jalapeno, the September 15, 1987 judgment as to the Dukases was not a final judgment for purposes of appeal.
The district court rejected Jalapeno’s argument, relying upon King Instrument Corp. v. Otari Corp., 814 F.2d 1560 (Fed. Cir.1987), for the principle that Rule 54(b) has no application after a claim has been heard on appeal. According to the district court, “Rule 54(b) does not apply since the Rule concerns the power of the trial court before appeal and the Court of Appeals had already reviewed the original decision in this case.” J.A. at 110.
In King, the Federal Circuit permitted Otari, the defendant, to appeal the district court’s entry of judgment, without Rule 54(b) certification, for partial damages for the plaintiff. The Federal Circuit had, in a prior appeal, affirmed one award for damages for the plaintiff but had reversed and remanded a related damages award. On remand, the district court entered and executed the portion of the damages award which had been affirmed; continued an injunction; but did not resolve the plaintiffs remaining claim for damages. Addressing the question whether it had jurisdiction to entertain Otari’s second appeal prior to the district court’s disposition of the remaining damages claim, the Federal Circuit determined that jurisdiction was proper under both 28 U.S.C. § 1292(a),6 because the district court’s order continued an injunction, and 28 U.S.C. § 1291.7 The Federal Circuit found jurisdiction under the latter statute pursuant to the For-gay doctrine, which, the Federal Circuit held, allows for immediate appeal from an order executing the immediate transfer of property. See King, 814 F.2d at 1563 (discussing Forgay v. Conrad, 47 U.S. (6 How.) 201, 204, 12 L.Ed. 404 (1848)). Once the King court determined that it had jurisdiction over the appeal, it then held that it could affirm the district court’s grant of damages as to part but not all of *512the plaintiffs claim, despite Otari’s complaint that this would violate Rule 54(b). The court, in rejecting Otari’s argument, held that Rule 54(b) was inapplicable because it only “concerns the power of the trial court before appeal.” Id. at 1563.
Jalapeno attempts to distinguish King by arguing first, that the case is not applicable because it involved multiple claims, not multiple parties as in the instant case, and second, that King was wrongly decided because it contravenes the express language of the Rule. We agree with Jalapeno that King was wrongly decided. Indeed, we decline to follow King because we conclude that the Federal Circuit’s analysis of its jurisdiction was erroneous on several levels. First, the King court confused the distinction between a finding of jurisdiction under 28 U.S.C. § 1291 pursuant to the Forgay doctrine and the purpose of Rule 54(b). Assuming, arguendo, that the Federal Circuit correctly found jurisdiction under 28 U.S.C. § 1291 pursuant to the For-gay doctrine, which point we later dispute, the court had no need to consider whether the district court’s order failed to comply with Rule 54(b). This is so because Rule 54(b) certification is an alternative means of conferring jurisdiction upon an appellate court under 28 U.S.C. § 1291. See Sears, Roebuck & Co. v. Mackey, 351 U.S. 427, 438, 76 S.Ct. 895, 100 L.Ed. 1297 (1956) (noting that Rule 54(b) “does not supersede any statute controlling appellate jurisdiction” and that the Rule “scrupulously recognizes the statutory requirement of a ‘final decision’ under § 1291 as a basic requirement for an appeal to the Court of Appeals”). Therefore, the King court’s discussion of Rule 54(b) is arguably dicta, because, in light of its finding of jurisdiction pursuant to the Forgay doctrine, it was unnecessary to the court’s analysis.
Although we cannot discern from the King court’s opinion whether the case involved an appeal from a partial award of damages for a single claim, as opposed to an appeal from the disposition of one of many claims, we note that if the case involved the former procedural posture, then Rule 54(b) would be completely inapplicable to the court’s jurisdictional analysis, as the Rule does not apply to single-claim two-party litigation. Because we suspect that the original litigation in King Inst't'mnents involved a single claim for patent infringement which had been partially adjudicated, we believe that on this basis also, the Federal Circuit improperly invoked Rule 54(b).8
Whether or not the Federal Circuit’s discussion of Rule 54(b) was dicta, we believe that its analysis is unsupportable by the language of the Rule and runs con*513trary to the Rule’s manifold purposes. As to the latter point, Rule 54(b) permits “immediate review of certain district court orders prior to the ultimate disposition of a case.” Gen. Acquisition, Inc. v. GenCorp., Inc., 23 F.3d 1022, 1026 (6th Cir.1994). It is designed to strike a balance between the undesirability of piecemeal appeals, with their attendant delay and duplication of appellate review, and the need to make the appellate process available in multi-claim or multi-party litigation to serve the best interests of the parties. See Good v. Ohio Edison Co., 104 F.3d 93, 95 (6th Cir.1997); Gen. Acquisition, Inc., 23 F.3d at 1027. Rule 54(b) also eliminates doubt about when a party must file an appeal. See 10 Charles Alan Wright, Arthur R. Miller, & Mary Kay Kane, Federal Practice & Procedure (1998) § 2654 at 37-38 (“If the court does not enter a Rule 54(b) order, the litigant knows that waiting until the disposition of the entire case before seeking an appeal will not lose the right to have the order reviewed.”). By creating easy-to-follow guidelines, parties can be certain of the timing of their appeals and will refrain from unnecessary filings in the appellate courts. Indeed, to facilitate Rule 54(b)’s purposes, we require strict compliance with the rule. See Gen. Acquisition, Inc., 23 F.3d at 1026 (stating that for Rule 54(b) certification, district court must expressly “direct the entry of final judgment as to one or more but few than all the claims or parties,” “must express[ly] deter-min[e] that there is no just reason to delay appellate review,” and must provide reasoning to support its conclusions) (internal quotation marks omitted); Knafel v. Pepsi Cola Bottlers of Akron, Inc., 850 F.2d 1155, 1159 (6th Cir.1988) (rejecting district court’s Rule 54(b) certification because court failed to consider properly the factors relevant to the certification decision).
Neither of the purposes of the Rule — to balance judicial efficiency with the parties’ interests and to eliminate confusion over the timing of appeals — are diminished by the circumstance that a case has already been heard once on appeal. Indeed, in complex litigation, it is not improbable that the action will advance to the appellate stage more than once. In such circumstances, as in the instant case, strict compliance with Rule 54(b) is essential for ease of administration both for the courts and for the parties.
Not only, therefore, does the King court’s rule conflict with Rule 54(b)’s aims, but it also conflicts with its language. Rule 54(b) clearly states that “[i]n the absence of such [certification], any order or other form of decision, however designated, which adjudicates ... the rights and liabilities of fewer than all the parties shall not terminate the action as to any of the claims or parties, and the order or other form of decision is subject to revision at any time before the entry of judgment adjudicating all the claims and the rights and liabilities of all the parties.” Nothing in this language, nor in any controlling precedent we were able to uncover, encourages us to believe that the Rule is any less applicable to proceedings in the district court after the case has been heard in a first appeal than before it. Therefore, we reject the King court’s interpretation of Rule 54(b), and hold that the Rule must be complied with during all stages of litigation in the district court, not just the period before a first appeal.
Applying this principle to the instant case, we conclude that the district court’s September 15, 1987 judgment did not begin the running of the statute of limitations for purposes of appeal. The order did not adjudicate the rights and liabilities of all the parties, nor was it certified pursuant to Rule 54(b), as it could have been had the Dukases sought the *514appropriate certification. Therefore, the judgment did not “terminate the action as to any of the ... parties” and the judgment was “subject to revision” by the district court until the termination of the litigation against the remaining defendants.9 When viewed in this light, it becomes clear both that the ten-year statute of limitations did not begin to run until after this court had issued its second mandate on October 27, 1989, which concluded the litigation as to “the rights and liabilities of all the parties,” and that Jalapeno’s Motion to Renew was timely filed.
III. CONCLUSION
Because we conclude that the district court improperly calculated the running of the state statute of limitations, we need not address the parties’ alternative argument about the applicability of a federal statute of limitations under the FDCPA. For the forgoing reasons, we REVERSE the judgment of the district court and REMAND this case for further proceedings consistent with this opinion.
. The note bears interest from the date of the loan at I'k percent in excess of the base or prime rate of interest in effect from time to time at UAB. Joint Appendix ("J.A.”) at 17, 51.
. It is unclear how the district court disposed of the cause of action against Tennesseans for Tyree. The district court noted that the group did not move for summary judgment, but it then granted summary judgment as to all individual defendants who were members of the group. The district court also stated that the group "is probably no longer in existence.” J.A. at 18. On appeal, however, this court stated that the district court had granted summary judgment in favor of Tennesseans for Tyree. FDIC v. Morrison, Nos. 85-5272, 85-5273, 1987 WL 37065, at *1 (6th Cir. Apr. 14, 1987).
. This court’s ruling left the purported grant of summary judgment to Tennesseans for Tyree untouched.
. The statute provides for a ten-year statute of limitations after the cause of action has accrued for "[ajctions on judgments and decrees of courts of record of this ... state.” Tenn.Code Ann. § 28-3-110.
. By addressing the merits in this case, we do not mean to condone a district court’s improvident use of Rule 60(b)(6) as a means of providing relief from final judgments. As noted, Rule 60(b)(6) relief should only be granted by a district court in extraordinary circumstances. As the concurrence points out, Rule 60(b) relief was not meant to substitute for a timely appeal to this court. In this case, although the district court did not explicitly state why it was granting Rule 60(b)(6) relief, we can infer from its order that it was convinced by the Dukases' argument that the applicable statute of limitations had run, and that this created an extraordinary circumstance warranting relief. Although we could have analyzed this inference to determine whether the running of the statute of limitations presented an ''extraordinary circumstance” sufficient to warrant Rule 60(b)(6) relief, neither party briefed or argued this issue to this court. We therefore review the district court’s explicit reasoning in granting the Dukases’ motion for relief, as the parties have focused exclusively upon this question. In the end, because we believe the district court made an error of law in its analysis of the statute of limitations issue, and because an error of law constitutes an abuse of discretion, see Huey v. Stine, 230 F.3d 226, 228 (6th Cir.2000), we do not even need to reach the question whether the running of the statute of limitations would constitute an "exceptional circumstance” under our Rule 60(b)(6) jurisprudence.
. This statute provides that the courts of appeal shall have jurisdiction over ''[¡Interlocutory orders of the district courts ... granting, continuing ... or refusing to dissolve or modify injunctions....” 28 U.S.C. § 1292(a)(1).
. Under this statute, appellate courts have jurisdiction over “appeals from all final decisions of the district courts....” 28 U.S.C. § 1291.
. We note that the Federal Circuit’s assumption that it had jurisdiction under the Forgay doctrine was also, in our mind, error. The Forgay doctrine is a narrow exception to the finality of judgment rule; it allows immediate appellate court review of district court orders which adjudicate part of one claim by directing the immediate delivery of property from one party to another, when there is the possibility that the losing party will experience irreparable harm if appeal of the execution is not allowed. See Forgay, 47 U.S. at 204; see also 15A Wright, Miller, & Cooper, Federal Practice & Procedure (1992) § 3910 at 328 (noting that Forgay doctrine "is likely to be applied only to orders that improvidently direel. immediate execution of judgments that involve part of the merits of a claim and are outside the limits of Rule 54(b)”). The "irreparable harm” factor is crucial to the ancient Forgay doctrine, but the King court nowhere makes a finding that Otari would experience irreparable harm if money damages were conveyed from it to the plaintiff. Indeed, in most situations, the transfer of money is unlikely to create irreparable harm, for money can usually be returned if improvidently given. Without a finding of irreparable harm, we believe the Federal Circuit improperly found jurisdiction under the "narrow” Forgay doctrine.
. As noted at oral argument, the parties could have challenged the judgment on a number of grounds, including the district court's computation of interest.