128.03 Liens by legal proceedings; assignment. When a lien has been obtained by legal proceedings against the property of a debtor the debtor may, within 30 days thereafter, make an assignment of all of the debtor's nonexempt property for the benefit of all of the debtor's creditors, whereupon the lien shall be dissolved and the property shall be turned over to the assignee.
History: 1993 a. 492; 1997 a. 253.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 128 - Creditors' actions.
128.02 - Assignment; mistakes; amendments.
128.03 - Liens by legal proceedings; assignment.
128.05 - Assignee's consent, recording copy of assignment.
128.06 - Assignee required to comply, when.
128.10 - Meetings of creditors; removal or death of receiver.
128.11 - Provisional remedies.
128.12 - Dismissal; intervention.
128.13 - Inventory of assets and list of creditors.
128.14 - Notice; injunction; time of filing claims.
128.15 - Objections to claims; appeal; secured claims.
128.17 - Order of distribution.
128.20 - Settlement of receiver's or assignee's accounts.
128.21 - Voluntary proceedings by wage earners for amortization of debts.
128.25 - Uniform act governing secured creditor's dividends in liquidation proceedings.