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Firm News

KMK Attorneys Recognized as America’s Best Lawyers

August 15, 2018 | Categories: Firm News | Topics:Tags: , , , ,

Five attorneys from Kohner, Mann & Kailas, S.C. (David S. Chartier, Robert L. Gegios, Matthew P. Gerdisch, Christopher C. Kailas, and Samuel C. Wisotzkey) were recognized today in the 25th Edition of The Best Lawyers in America, the only purely peer-review guide to the legal profession.   David S. Chartier, Matthew P. Gerdisch, Christopher C. […]

Recent Amendments to Wisconsin’s Foreclosure Statutes May Delay the Recording of Deeds After Sheriff’s Sale

January 8, 2018 | Categories: Firm News | Topics:Tags: , ,

Recent amendments to Wisconsin’s foreclosure statutes went into effect on December 1, 2017. The amendments significantly changed the process of recording deeds after confirmation of sheriff’s sales throughout Wisconsin.   The amendments repealed Wis. Stats. §§ 846.167 and 846.17.  These statutes were colloquially known as the “Milwaukee County Rule”, because Wis. Stat. § 846.167 only […]

Important Bankruptcy Rule Amendments Went Into Effect on December 1, 2017

December 7, 2017 | Categories: Firm News | Topics:Tags: , ,

The Amendments Will Have a Significant Impact on Creditors, Including Secured Creditors   Overview   In this bulletin, we provide a brief summary of the many amendments to the Federal Rules of Bankruptcy Procedure (“FRBP”) that took effect on December 1, 2017.  These amended rules will have a significant impact on the rights of creditors […]

Dot Your I’s and Don’t Forget the T’s: Lender Loses Its Secured Status for Missing ‘T’ in Borrower’s Middle Name

October 6, 2017 | Categories: Firm News | Topics:Tags: , ,

A recent bankruptcy case dramatically illustrates how critical it is for a lender to strictly comply with the requirements for creating a legally effective UCC financing statement, and the hard lessons that follow if a lender fails to do so.   In Mainsource Bank v. LEAF Capital Funding, LLC (In re Nay), 563 B.R. 535 […]

Good News for Lenders: Wisconsin Supreme Court Strengthens Lenders’ Remedies Against Guarantors

April 4, 2017 | Categories: Firm News | Topics:Tags: ,

The Wisconsin Supreme Court recently issued a decision that clarifies an important part of foreclosure law. The decision is advantageous for lenders that seek not only to foreclose on real estate collateral, but also preserve their right to collect from guarantors.   Wisconsin law allows a lender to shorten the redemption period on a foreclosure […]

Preference Defenses: Update on the BAPCPA Reforms 12 Years Later

April 4, 2017 | Categories: Firm News | Topics:Tags: , , ,

When it was enacted, most publicity regarding the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (“BAPCPA”) focused on consumer bankruptcy reforms. However, commercial creditors faced with the vexing problem of a preference action in bankruptcy also received some relief. The three most significant changes were touted at the time to offer the following […]

A Letter Of Credit and the Bankruptcy Paradox: Will It Protect You? – Maybe!

April 4, 2017 | Categories: Firm News | Topics:Tags: ,

A letter of credit (“LC”) can be a valuable tool in a trade creditor’s arsenal to secure payment of an account and at the same time avoid a future bankruptcy preference claim. However, creditors should beware. They can on occasion find themselves in the middle of what we call the “payment from the debtor bankruptcy […]



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