In Re D.C. Diamond Head, Inc., 51 B.R. 309 (1985)

Citation: In Re D.C. Diamond Head, Inc., 51 B.R. 309 (1985)
Parent Document: In Re D.C. Diamond Head, Inc., 51 B.R. 309 (1985)
Jurisdiction: United States (federal)
Effective Date: 1985-04-22
Original Source: https://www.courtlistener.com/opinion/1898470/in-re-dc-diamond-head-inc/ ↗

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At this point we come to the question of the interaction between the federal Bankruptcy Code and the local law. That interaction may be summarized as follows: Typically, local law may grant a right to redeem but requires immediate payment in full before some event — before “execution is executed,” in the District of Columbia— in order for a tenant to exercise that right. Bankruptcy law accepts the rule of local law as to what event will terminate the right to redeem; but, if the bankruptcy petition is filed before that terminating event occurs, bankruptcy law superimposes upon local law an additional grace period within which the right to redeem may be exercised, cf.

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