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Unformatted text preview: doest, they sue you for the rest. I want to borrow $$ to buy a car. That makes bank purchase money security interest loaner. They get first priority. You want to have enough collateral to cover your debt. Possessory lean. Jewler can hold your jewelry if you dont pay for it. Cleaner can keep clothes if you dont pay. Once they give it to you, they cant take it back. Growing crops. Lean Buildings. Allows landlord to come into your busness or home. And seize nonexempt property to hold until you pay past due rent. Has to be in writing in the lease. What can they not take? Whats excempt?...
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- Spring '08