Property Insurance. One type of policy that for most people that is actually mandatory to have is homeowners insurance when you have a mortgage. If you borrow money from the bank to purchase a home they will require the asset to be insured. For many people,â this insurance premium is built into the mortgage payment.
Adversary Proceedings in Bankruptcy. An adversary proceeding in bankruptcy is a separate lawsuit filed within the bankruptcy case. Like most lawsuits, it starts when someone (the creditor, the bankruptcy trustee, or you) files a complaint. Many bankruptcies go through to completion and discharge without any adversary proceedings. But not so in others.
Bankruptcy Rule 9014(c) contains the list of rules from the 7000 series that. apply to contested matters. Although an adversary proceeding, once initiated, is assigned a case number in addition to. the main bankruptcy case number, a contested matter does not receive an additional case number â it is simply treated. as a motion within the main bankruptcy case.