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.
You can typically hire a law firm to do this on your behalf for a few hundred dollars. At first, the court will deny your request to discharge your student loans in the bankruptcy filing, and will have to file a separate adversary proceeding and prove repayment of your student loans would cause an undue hardship.ou can typically hire a law firm to do this on your behalf for a few hundred dollars. At first, the court will deny your request to discharge your student loans in the bankruptcy filing, and will have to file a separate adversary proceeding and prove repayment of your student loans would cause an undue hardship.