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.
Objection to the Discharge of All of Your Debts. A creditor or the trustee can object to the discharge of all your debts. Usually, this objection is based on fraud committed by the debtor in connection with the bankruptcy case. Examples of bankruptcy fraud include: 1  perjury by providing false information on your bankruptcy petition and schedules.