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Bankruptcy

: The Debt Podcast

Practice Tip: Include Proof of Insurance on Schedules

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Lenders typically hire an attorney to send debtors a letter demanding proof of insurance coverage on houses and vehicles that secure debt.  Just about every written loan contains boilerplate language requiring the borrower to provide and maintain insurance protection over the collateral.  These letters threaten the debtor with a motion to lift the automatic stay [...]

Full post as published by The Debt Podcast on April 03, 2009 (boomark / email).

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