Intro and context

Question 1

Types of creditors

Answer 1

unsecured creditor, judicial lien creditor, statutory lien creditor, creditor with a consensual lien

Question 2

common law lien

Answer 2

arises from judicial making

Question 3

statutory lien

Answer 3

arises from statute

Question 4

Judicial Liens

Answer 4

Arise out of judicial proceedings

Question 5

examples of judicial liens include

Answer 5

judgment liens, attachment liens, garnishment liens, and execution liens

Question 6

are these liens consensual?

Answer 6

no

Question 7

Consensual liens

Answer 7

arise by agreeement