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15-1 Liens. Nabil is the owner of a relatively old home valued at $105,000. The home's electrical system is failing, and the wiring needs to
15-1 Liens.
Nabil is the owner of a relatively old home valued at $105,000. The home's electrical system is failing, and the wiring needs to be replaced. Nabil contracts with Kandhari Electrical to replace the electrical system. Kandhari performs the repairs, and on June 1 submits a bill of $10,000 to Nabil. Because of financial difficulties, Nabil does not pay the bill. Nabil's only asset is his home, but his state's homestead exemption is $60,000. Discuss fully Kandhari's remedies in this situation. (See Laws Assisting Creditors.)
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