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Wis. Stat. § 242.07

Remedies of creditors

Known as the Uniform Voidable Transactions Law

The act spans §§ 242–242 (15 sections).

Applied in 8 court decisions — leading case 150 Wis. 2d 479 - International Ass'n of MacHinists & Aerospace Workers v. United States Can Co. (1989)

Most recently applied in 384 Wis. 2d 580 - Official Comm. of Unsecured Creditors of Great Lakes Quick Lube LP v. Theisen (October 2018)

1987 a. 192; 2023 a. 246

How often courts cite this section

198920002010201820
citing decisions per year

Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.

(1) In an action for relief against a transfer or obligation under this chapter, a creditor, subject to the limitations in s. 242.08, may obtain any of the following:

(a) Avoidance of the transfer or obligation to the extent necessary to satisfy the creditor’s claim.

(b) An attachment or other provisional remedy against the asset transferred or other property of the transferee if available under chs. 810 to 813 or other applicable law.

(c) Subject to applicable principles of equity and in accordance with applicable rules of civil procedure: 1. An injunction against further disposition by the debtor or a transferee, or both, of the asset transferred or of other property; 2. Appointment of a receiver to take charge of the asset transferred or of other property of the transferee; or 3. Any other relief the circumstances may require.

(2) If a creditor has obtained a judgment on a claim against the debtor, the creditor, if the court so orders, may levy execution on the asset transferred or its proceeds.

Official source: Wisconsin State Legislature. Reproduced from public-domain Wisconsin statutes; confirm against the official source for the current text. Not legal advice.