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.
An attorney drafting a will may be asked by a client to include a. clause that will discourage disgruntled beneficiaries from bringing. actions to contest the will. Such a provision is known as an in. terrorem, no-contest, or forfeiture clause (in terrorem clause). An in. terrorem clause is one that provides that any person who contests the. will shall forfeit all interests he otherwise would have received under. that will.'.