In Re Iris June Davis, Debtor. Allied Credit Corporation v. Iris June Davis

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• recognizing distinction between credit life and disability insurance, which is optional, and hazard insurance, which is usually mandatory
• noting that courts “have essentially characterized hazard insurance as an essential protection of the underlying collateral and not as additional collateral”
• Reserving issue whether additional security interest in insurance premiums or other types of insurance might serve as “additional security” for purposes of § 1322(b)(2).
• focusing on whether there was additional collateral such that the anti- modification provision did not apply
• hazard insurance is an element of adequate protection of the existing collateral, and is thus not additional collateral

Source: CourtListener parenthetical corpus (CC0).