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VOLUNTARY ASSIGNMENT OF LINTON v. SCHMIDT

No. 76-144.

88 Wis.2d 183 (1979)

277 N.W.2d 136

IN MATTER OF VOLUNTARY ASSIGNMENT OF LINTON, and another, Assignors, Appellants, v. SCHMIDT, Trustee and Assignee, and others, Respondent.

Supreme Court of Wisconsin.

Decided March 27, 1979.

Attorney(s) appearing for the Case

For the appellants there were briefs by David L. Walther, John Sundquist and Walther & Halling of Milwaukee, and oral argument by David L. Walther.

For respondent, Jerome S. Schmidt, there was a brief by Marvin H. Davis and Joanis, Davis, Ablan & Joanis of La Crosse, and oral argument by Marvin H. Davis.

For respondent, First Northwestern Bank of Winona, there was a brief and oral argument by Donald J. Harman of La Crosse.

BEILFUSS, C.J.

The appellants-assignors, John D. Linton and Rose Marie Linton executed and filed a voluntary assignment for the benefit of creditors of all of their non-exempt real and personal property pursuant to ch. 128, Stats., in the Circuit Court for Monroe county on May 27, 1975. On May 29, 1975, Jerome S. Schmidt was appointed receiver by order of the court and given broad authority to liquidate the assets for the...

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