The Wisconsin Supreme Court puts judgment creditors at risk by changing 150 years of law on how to obtain a priority lien against a judgment debtor’s personal property

On July 15, 2014, the Wisconsin Supreme Court made it much more difficult, costly and cumbersome for a judgment creditor to obtain a priority lien against the personal property of a judgment debtor. Associated Bank, N.A., v. Jack W. Collier, 2014 WI 62. Two members of the court disagreed with the decision and argued that it has changed 150 years of Wisconsin law.

Filed under:
USA, Wisconsin, Insolvency & Restructuring, Litigation, Michael Best & Friedrich LLP, Debtor, Personal property, Wisconsin Supreme Court
Authors:
Jon G. Furlow , Ann Ustad Smith
Location:
USA
Firm:
Michael Best & Friedrich LLP