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IN RE SHAMUS HOLDINGS, LLC

No. 10-2216.

642 F.3d 263 (2011)

In re SHAMUS HOLDINGS, LLC, Debtor. Shamus Holdings, LLC, Appellant, v. LBM Financial, LLC, Appellee.

United States Court of Appeals, First Circuit.

Decided June 9, 2011.

Attorney(s) appearing for the Case

Charles A. Dale III , with whom Mackenzie L. Shea and K & L Gates LLP were on brief, for appellant.

Philip F. Coppinger , for appellee.

Before HOWARD, SELYA and THOMPSON, Circuit Judges.

SELYA, Circuit Judge.

This bankruptcy appeal stands at the intersection of state and federal law. The issue presented concerns the interplay between a state statute placing temporal limitations on the enforcement of stale mortgages and the automatic stay provisions of the Bankruptcy Code. The bankruptcy court ruled that the mortgagee's unqualified right to extend the limitations period by performing an essentially ministerial...

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