Slide 1 Slide 2 Why secured claims matter Because they get paid first!! Out of the value of their “collateral” Slide 3 Problem 6.1 Assets: $80K home / subject to 2 mortgages…
1. Leonard R. Ruzicka, Jr.Ellen C. NangleStinson Morrison Hecker LLPApril 28, 2011www.stinson.com2010 Revisions to Missouri’s Mechanics Lien Law© 2011, Stinson Morrison…