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Appellant Cash America was then free to make its notation pursuant to the regulations of the Texas Administrative Code

Appellant Cash America was then free to make its notation pursuant to the regulations of the Texas Administrative Code

The parties have not supplied the Court with any Fifth Circuit authority as to whether the specific provisions of § 108(b) prevail over the general stay provision of § 362(a) and the Court could find none. We adopt the majority position that § 362 of the Bankruptcy Code, the automatic stay provision, does not toll the running of the redemption period. Thus, when, as here, the bankruptcy is filed before the expiration of the applicable state redemption period, § 108(b) extends the redemption period for 60 days from the commencement of the bankruptcy proceedings. Continue reading Appellant Cash America was then free to make its notation pursuant to the regulations of the Texas Administrative Code