AB719,17 Section 17. 242.05 (2) of the statutes is amended to read:

AB719,6,2 242.05 (2) A transfer made by a debtor is fraudulent voidable as to a creditor whose claim arose before the transfer was made if the transfer was made to an insider for an antecedent debt, the debtor was insolvent at that time and the insider had reasonable cause to believe that the debtor was insolvent.

AB719,18 Section 18. 242.05 (3) of the statutes is created to read:

AB719,6,6 242.05 (3) Subject to s. 242.02 (3), a creditor making a claim for relief under sub. (1) or (2) has the burden of proving the elements of the claim for relief by a preponderance of the evidence.

AB719,19 Section 19. 242.06 (5) (b) of the statutes is amended to read:

AB719,6,9 242.06 (5) (b) If evidenced by a writing record, when the writing executed record signed by the obligor is delivered to or for the benefit of the obligee.

AB719,20 Section 20. 242.07 (1) (b) of the statutes is amended to read:

AB719,6,13 242.07 (1) (b) An attachment or other provisional remedy against the asset transferred or other property of the transferee in accordance with if available under chs. 810 to 813 or other applicable law.

AB719,21 Section 21. 242.08 (title) of the statutes is amended to read:

AB719,6,15 242.08 (title) Defenses, liability , and protection of transferee or obligee .

AB719,22 Section 22. 242.08 (1) of the statutes is amended to read:

AB719,6,19 242.08 (1) A transfer or obligation is not voidable under s. 242.04 (1) (a) against a person who took in good faith and for a reasonably equivalent value given the debtor or against any subsequent transferee or obligee.

AB719,23 Section 23. 242.08 (2) (intro.) of the statutes is amended to read:

AB719,6,23 242.08 (2) (intro.) Except as otherwise provided in this section, to To the extent a transfer is voidable in an action by a creditor under s. 242.07 (1) (a), all of the following rules apply:

AB719,7,2 (am) Except as otherwise provided in this section, the creditor may recover judgment for the value of the asset transferred, as adjusted under sub. (3), or the amount necessary to satisfy the creditor's claim, whichever is less. The judgment may be entered against any of the following:

AB719,24 Section 24. 242.08 (2) (a) of the statutes is renumbered 242.08 (2) (am) 1.

AB719,25 Section 25. 242.08 (2) (am) 2. b. and (bm) of the statutes are created to read:

AB719,7,6 242.08 (2) (am) 2. b. An immediate or mediate good faith transferee of a person described in subd. 2. a.

AB719,7,9 (bm) Recovery pursuant to s. 242.07 (1) (a) or (2) of or from the asset transferred or its proceeds, by levy or otherwise, is available only against a person described in par. (am) 1. or 2.

AB719,26 Section 26. 242.08 (2) (b) of the statutes is renumbered 242.08 (2) (am) 2. and amended to read:

AB719,7,13 242.08 (2) (am) 2. Any subsequent An immediate or mediate transferee of the first transferee, other than a any of the following:

AB719,7,14 a. A good faith transferee who took for value or from any subsequent transferee.

AB719,27 Section 27. 242.08 (5) (b) of the statutes is amended to read:

AB719,7,18 242.08 (5) (b) Enforcement of a security interest in compliance with ch. 409, other than acceptance of collateral in full or partial satisfaction of the obligation it secures.

AB719,28 Section 28. 242.08 (7) and (8) of the statutes are created to read:

AB719,7,21 242.08 (7) The following rules determine the burden of proving matters referred to in this section:

AB719,7,23 (a) A party that seeks to invoke sub. (1), (4), (5), or (6) has the burden of proving the applicability of that subsection.

AB719,7,25 (b) Except as otherwise provided in pars. (c) and (d), the creditor has the burden of proving each applicable element of sub. (2) or (3).

AB719,8,2 (c) The transferee has the burden of proving the applicability to the transferee of sub. (2) (am) 2. a. or b.