After reading this chapter, you will be able to answer the following questions:

1. How can liens assist creditors?
2. What are the various kinds of statutory liens available to creditors?
3. What are the various kinds of judicial liens available to creditors?
4. How does mortgage foreclosure assist creditors?
5. What is a creditors' composition agreement for the benefit of creditors?
6. What is an assignment for the benefit of creditors?
7. What are suretyship and guaranty contracts?