Beck, Chaet, Bamberger & Polsky, S.C.’s business receivership and restructuring team is Wisconsin’s preeminent insolvency team, providing solutions to financially troubled companies and creditors for more than two decades.

When the state of affairs at a troubled business cause stakeholders and lenders to lose faith, that is when a collective proceeding emerges as the responsible choice. Our receivership practice is established and robust, as our named director, Michael S. Polsky, has acted as a court appointed Receiver for more than 335 financially troubled companies – more than any other attorney in the State of Wisconsin. Just like the varied issues underlying a company’s financial troubles, our business receivership and restructuring team’s approach to each case is carefully and objectively crafted, which often results in creditors receiving value even under the most difficult of conditions.

We have administered numerous receiverships and assignments for the benefit of creditors in almost every county throughout the state of Wisconsin, with the aggregate debt at the time of filing exceeding $150 million in certain cases, and which touch upon every possible business sector imaginable, including manufacturing, health care, construction, mining, agriculture, the food industry, start-ups, media, retail, technology, real estate, and finance.

The firm’s business restructuring practice is equally renown, wherein our team regularly represents trustees, statutory committees, professionals, secured and unsecured creditors, and buyers in all types of insolvency proceedings and out of court restructurings. Our practice covers all aspects of complex insolvency and restructuring matters, including corporate receiverships, financing and cash collateral issues, distressed sale transactions, plan disputes and post-confirmation trust issues.

Our restructuring team also represents both plaintiffs and defendants in complex commercial and insolvency litigation, including actions for breach of fiduciary duty, fraudulent conveyance, preference and recharacterization disputes in state and federal jurisdictions nationwide.

Beck, Chaet, Bamberger & Polsky, S.C. confidently provides guidance to lenders, businesses, and creditors in the following areas of expertise:

  • Adversary Proceedings
  • Alter Ego & Piercing the Corporate Veil
  • Assignment for the Benefit of Creditors (ABCs)
  • Breach of Fiduciary Duty Litigation
  • Business Judgment Rule Litigation
  • Chapter 128 Receiverships
  • D & O Litigation
  • Debtor & Creditor Actions
  • Finance Disputes
  • Financial Restructuring Litigation
  • Fraud & Defalcation Litigation
  • Fraud & Misrepresentation
  • Fraudulent Conveyance & Transfer Litigation
  • Insolvency Litigation
  • Preference & Avoidance Litigation
  • Representation of Court Appointed Receivers & Trustees
  • Secured Lender Litigation
  • Wis. Stat. § 813 Receivership

To see a list of matters that Michael S. Polsky was appointed as a statutory receiver for a financially troubled business by a sitting judge, click here.