Mike is a Shareholder and Director at Beck, Chaet, Bamberger & Polsky, S.C., serving as the chair of the firm’s Business Receiverships & Restructuring practice, which includes three lawyers and a full-time paralegal.

For the better part of the last 25 years Mike has acted as Court-appointed Receiver pursuant to Chapter 128 of the Wisconsin Statutes in approximately 335 separate proceedings throughout Wisconsin.  Notably, Mike acted as Court-appointed Receiver for James Cape & Sons Company, which had approximately $150 million of debt at the time the case was commenced, First Place Milwaukee, LLC, which had over $60 million of debt at the time the case was filed, and Metropolitan Place Phase II in Madison, which had over $30 million of debt at the time the case was filed.  In addition, Mike has acted as a Trustee pursuant to confirmed Chapter 11 Plans and is was a Receiver in an SEC Enforcement Action involving a Ponzi Scheme.

Mike is a 1980 graduate of Marquette University Law School and graduated from the University of Wisconsin Madison School of Business in 1977, majoring in real estate and urban land economics.  Mr. Polsky has 43 years of experience representing debtors, lenders, creditors, and other parties in bankruptcy proceedings, state court insolvency proceedings and out of court restructuring matters, has been named a “Super Lawyer” the last thirteen years, and has been  listed for the last eleven years in the Best Lawyers in America.  He is a member of the American Bankruptcy Institute, Milwaukee Bar Association, and the State of Wisconsin Bar Association.

Areas of Practice

  • Debtor & Creditor Rights
  • Chapter 128 Receiverships
  • Wis. Stat. § 813 Receivership
  • Assignment for the Benefit of Creditors (ABCs)
  • Business Planning
  • Commercial Litigation
  • Finance Disputes
  • Financial Restructuring Litigation
  • Insolvency Litigation
  • Secured Lender Litigation
  • Reorganization and Receivership Proceedings

Litigation Percentage

  • 60% of Practice Devoted to Litigation

Admissions Details

  • Wisconsin, 1980

Published Works

  • Co-Authored Chapter in 2014, 2015 and 2016 Edition of “Strategic Alternatives for Distressed Businesses” Chapter 69 – Wisconsin


  • Marquette University Law School, Milwaukee, Wisconsin, 1980, J.D.
  • University of Wisconsin, Madison, Wisconsin, 1977, B.B.A.
    • Major: Business- Real Estate

Honors & Awards

  • Martindale-Hubbell AV Rated
  • Thomas More Scholar, Marquette University
  • Super Lawyer, 2005 – 2019
  • The Best Lawyers in America 2008 – 2020 in the fields of Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law and Litigation – Bankruptcy
  • Super Lawyers, Corporate Counsel Edition 2010 under Bankruptcy and Debtor/Creditor Rights
  • Awarded “Best Law Firm” in U.S. News & World Report and Best Lawyers Tenth Edition –  “Best Law Firms” rankings

Professional Associations & Memberships

  • State Bar of Wisconsin
  • Milwaukee Bar Association
  • American Bankruptcy Institute
  • Wisconsin Bar Association- Eastern District Board of Directors


Super Lawyers
Best Lawyers

Milwaukee Office