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.
Failure to do so will result in a default judgment against you. Our firm is experienced at defending debt lawsuits. Our debt settlement process involves negotiating large reductions in credit card debt without the need for bankruptcy. This allows our clients to settle the debt for a fraction of the balance claimed by the creditor. Get a free consultation with an attorney.