Legendary Whitetails under receivership
Slinger-based company filed for action in circuit court

By Joe VanDeLaarschot

March 12, 2019

The exterior of Legendary Whitetails is seen Monday morning in Slinger.
John Ehlke/Daily News Staff

SLINGER — Legendary Whitetails, known worldwide as a prestigious outfitter of hunters and others who enjoy the outdoors, is now under receivership.

Company President Greg Huffman said the company filed for Chapter 128 Receivership in Washington County Circuit Court on March 4.

“The assets of the company as part of the Chapter 128 process have been turned over to a receiver, Michael Polsky of Milwaukee,” Huffman said. “He is the guy who is calling the shots on this now.”

According to an article on the State Bar Association of Wisconsin’s website written by attorney Jeffrey Murrell, “the trustee’s role is to be a neutral third-party caretaker for the collection and distribution of payments to the listed creditors.”

Huffman said the company is still accepting consumer orders at this time.

Legendary Whitetails is a family-owned, American clothing company that designs and sells everyday apparel, gifts, and gear for deer hunters and their families. Legendary Whitetails was established in 1999 as a direct-to-consumer catalog and internet retailer. The company was founded in 1999 by Greg Huffman’s father, Larry Huffman.

In November 2015 the company closed on the purchase of its current office building at 850 Enterprise Drive for $600,000 from Cedar Lake United Educators, which had used the building for its offices, but the union merged with the Wisconsin Education Council. The company’s manufacturing-distribution facility is next door at 820 Enterprise Drive.

According to the State Bar website article, in Chapter 128, much as in federal Chapter 13 “wage earners” bankruptcy, a person or company may amortize problem debts through a deliberate and scheduled repayment plan.

“The statute empowers a circuit court to appoint a trustee to administer the debtor’s estate and to issue a protective order that forces most types of creditors to accept remittance via monthly payments over a period as long as three years,” said the article. “This arrangement becomes binding even if the creditor and debtor have a contract that dictates different terms.”

According to information on the website, the Wisconsin alternative “provides much faster and easier, and, often more preferable debt relief than does federal bankruptcy laws.” The website said “the operation of this (state) law stops interest from accruing on credit cards and similar debts even though this process is not expressly provided by the statute’s language.”

There have been unsuccessful court challenges to the state’s Chapter 128 law based on tit is “pre-empted by federal bankruptcy jurisdiction.”

Polsky did not respond to phone messages in time to be included in this story.

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