Martinson v. First National Bank of Oakes

BRIGHT, Circuit Judge.

First National Bank of Oakes (Bank) appeals from the district court’s1 order granting debtors John and Linda Martinson additional time to redeem certain real estate upon which the Bank had obtained a judgment of foreclosure. The Bank contends that the district court possessed no authority under section 108(b) of the Bankruptcy Reform Act, the governing statute in this case, to extend the period of redemption. We agree with the Bank and reverse that part of the district court’s order granting the Martinsons additional time to redeem their property.

In late 1980, the Bank…