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WISCONSIN COLLECTORS ASSO. v. THORP FINANCE CORP.

No. 248.

43 Wis.2d 229 (1969)

168 N.W.2d 565

WISCONSIN COLLECTORS ASSOCIATION, INC., and another, Appellants, v. THORP FINANCE CORPORATION and another, Respondents.

Supreme Court of Wisconsin.

Decided June 27, 1969.

Attorney(s) appearing for the Case

For the appellants there was a brief by Geisler & Kay and Robert J. Kay, all of Madison, and oral argument by Robert J. Kay.

For the respondent Thorp Finance Corporation there was a brief by Whyte, Hirschboeck, Minahan, Harding & Harland, of Milwaukee, attorneys, and Edward D. Cleveland of Milwaukee and Corwin C. Guell of Thorp of counsel, and oral argument by Mr. Cleveland.

For the respondent Nuesse, commissioner of banks, the cause was argued by E. Weston Wood, assistant attorney general, with whom on the brief was Robert W. Warren, attorney general.

CONNOR T. HANSEN, J.

The narrow issue is whether Thorp,through its plan, is collecting or receiving for payment for others any account, bill or other indebtedness, within the purview of sec. 218.04 (1) (f), Stats.

There appears to be no helpful authority or precedent which is of assistance in resolving the issue presented. A resolution of the question must therefore depend upon an examination of the details of the...

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