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IN RE RANDALL

CIV. A. No. 00-6083 (MLC). Bankruptcy No. 00-59168 (SAS).

263 B.R. 200 (2001)

In the Matter of Michael D. RANDALL and Debra A. Randall, Debtors. Michael D. Randall and Debra A. Randall, Appellants, v. Equicredit Financial Services Corp., Appellee.

United States District Court, D. New Jersey.

June 12, 2001.

Attorney(s) appearing for the Case

Allen I. Gorski, Robert L. Schmidt, Teich, Groh, Frost & Zindler, PC, Trenton, NJ, for Debtor-Appellants.

John O'Boyle Stern, Lavinthal, Frankenberg, Nogaard & Kapnick, LLC, Englewood, NJ, for Equicredit Financial Services Corp.

Adam D. Greenberg, Honig & Greenberg, L.L.C., Voorhees, NJ, for Life Center Academy.

AMENDED MEMORANDUM OPINION

COOPER, District Judge.

This matter comes before the Court on appeal from the bankruptcy court decision denying the debtor's motion to extend the redemption period and granting the mortgagee's motion to vacate the automatic stay. (See 11-14-00 Tr.; Order filed 11-20-00.) The issue before us is whether the debtors' right to cure a default on their mortgage expires at the end of the foreclosure sale (the "gavel rule") or when...

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