Boylan v. George E. Bumpus, Jr. Construction Co. (In Re George E. Bumpus, Jr. Construction Co.)

DECISION REGARDING MOTION TO STAY PROCEEDINGS

WILLIAM C. HILLMAN, Bankruptcy Judge.

Before the Court is defendant National Credit Union Administration’s (“NCUA”) Motion to Stay Proceedings. The Court held a hearing and thereafter took the matter under advisement. NCUA, as liquidating agent of defendant Blue Hill Federal Credit Union (“Blue Hill”), filed a motion to stay proceedings for ninety (90) days under 12 U.S.C. § 1787(b)(12). The plaintiffs in this adversary proceeding (collectively “Boylan”) oppose the motion.

As relevant here, the statute provides that

after the appointment of a ...…