Describe mechanic lien and artisan lien

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Reference no: EM131116507

1. Describe a mechanic's lien and an artisan's lien, giving an example of each.

2. Describe the order of priority among the following creditor interests: possessory lien such as an artisan's lien; "regulare lien" created under a security agreement; and a purchase money security interest

3. Can an individual file protection under Chapter 7 of the U.S. Bankruptcy Code without first having to take other steps? If not, What steps must this individual take?

Reference no: EM131116507

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