242.07 Remedies of creditors. (1) In an action for relief against a transfer or obligation under this chapter, a creditor, subject to the limitations in s. 242.08, may obtain any of the following:(a) Avoidance of the transfer or obligation to the extent necessary to satisfy the creditor’s claim.(b) An attachment or other provisional remedy against the asset transferred or other property of the transferee if available under chs. 810 to 813 or other applicable law.(c) Subject to applicable principles of equity and in accordance with applicable rules of civil procedure:1. An injunction against further disposition by the debtor or a transferee, or both, of the asset transferred or of other property;2. Appointment of a receiver to take charge of the asset transferred or of other property of the transferee; or3. Any other relief the circumstances may require.(2) If a creditor has obtained a judgment on a claim against the debtor, the creditor, if the court so orders, may levy execution on the asset transferred or its proceeds.History: 1987 a. 192; 2023 a. 246.Nothing in ch. 242 changes the principle of law that compensatory damages are a threshold requirement for awarding punitive on the asset transferred or its proceeds.History: 1987 a. 192; 2023 a. 246.Nothing in ch. 242 changes the principle of law that compensatory damages are a threshold requirement for awarding punitive damages or otherwise permits a punitive damages award. Rescission under sub. (1) is an equitable remedy and does not constitute compensatory damages. C & A Investments v. Kelly, 2010 WI App 151, 330 Wis. 2d 223, 792 N.W.2d 644, 09-2420.
Wisconsin Legal Code