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JOHNSON v. FIRST NAT. BANK OF MONTEVIDEO, MINN.
United States Court of Appeals, Eighth Circuit (1983) | 719 F.2d 270
TL;DR: A debtor filed for bankruptcy to stop a state-law mortgage redemption period from expiring. The court held that bankruptcy's automatic stay doesn't stop the clock; the debtor only gets a specific 60-day extension to redeem the property.
Legal Significance: Establishes that the specific 60-day extension in § 108(b) of the Bankruptcy Code, not the general automatic stay (§ 362(a)) or equitable powers (§ 105(a)), governs a debtor's time to exercise a state-law right of redemption post-foreclosure.