Proceeds of letters of credit not property of insolvent debtor’s estate, supreme court holds, by Joe Forward, State Bar of Wisconsin
The Wisconsin Supreme Court today issued its decision in this case (2007AP2791) reversing the Court of Appeals, 2009 WI App 57, 318 Wis. 2d 232, 768 N.W.2d 32. See Argument.
Opinion by Justice Roggensack, joined by Justices Prosser and Gableman.
Dissent by Justice Crooks, joined by Justice Bradley.
Chief Justice Abrahamson and Justice Ziegler did not participate.