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Bill Wallo

Attorney Bill Wallo
Interests

Bill is married, with four adult children. He has volunteered his time with various community activities, including the Eau Claire Regional Arts Center, the Chippewa Valley Book Festival, the Chamber of Commerce, the Eau Claire Economic Development Corporation, and Momentum West. He enjoys biking, kayaking, and curling, as well as reading (whether ancient history or the latest Neil Gaiman novel). He persists in reminding his children of the value of Middle-Earth, Doctor Who, Bollywood musicals, superheroes, and Jane Austen.

Bill Wallo

One of Wisconsin’s most highly regarded bankruptcy and insolvency professionals, Bill also has an active transactional and commercial litigation practice. Bill developed his skills working for a federal bankruptcy judge. In private practice, he has built a reputation as a practical, results-oriented legal strategist, advisor and litigator. Bill handles complex transactions, commercial litigation and insolvency matters for individuals, businesses, and financial institutions.

He also serves as a Small Business Bankruptcy Trustee for the Wisconsin and Northern Illinois Bankruptcy Courts. Bill has received the highest AV-Preeminent rating from Martindale Hubbell, is recognized among the top 5% of business bankruptcy attorneys in Wisconsin by Super Lawyers, and is listed in America’s Best Lawyers, which also named him the Eau Claire area’s 2022 “Lawyer of the Year” for business bankruptcy and insolvency matters.

Education
  • University of Oklahoma College of Law School, JD with highest honors
  • University of Central Oklahoma, BA, English summa cum laude
Practice Areas
  • Commercial Law
  • Secured Transactions
  • Commercial Litigation
  • Debtor/Creditor Rights
  • Bankruptcy and Insolvency
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Awards, Honors And Professional Accomplishments

REPRESENTATIVE MATTERS

  • Represented secured lenders in a variety of commercial lending transactions, including bond financing, tenants in common (TIC) loans, and investment rate swap transactions
  • Represented developers in annexation proceedings and other development-related matters and litigation
  • Represented buyers and sellers in business transactions, including commercial real estate transactions and business acquisitions or sales
  • Represented defendant in litigation over alleged violation of “factoring” notice issued by lender under the Uniform Commercial Code
    Negotiated complex forbearance agreements on behalf of lenders and borrowers
  • Represented defendants in Fair Debt Collection Practices Act litigation
  • Represented parties in litigation over various commercial agreements, including buy-sell agreements, purchase agreements, secured transactions, and more
  • Successfully negotiated financial workout agreements for companies owing millions in debt
  • Successfully negotiated or litigated resolutions to chapter 11 corporate bankruptcies on behalf of secured lenders
  • Represented creditors in chapter 12 farm bankruptcies and obtained favorable plan treatment or other successful resolutions
  • Represented plaintiffs in non-dischargeability proceedings and obtained favorable outcomes
  • Represented defendants in preference litigation and obtained favorable results
  • Represented creditors in Wisconsin Chapter 128 receivership proceedings
  • Represented unsecured creditors committee in chapter 11 proceedings and prosecuted successful avoidance actions and liquidated assets of debtor

HONORS/ACHIEVEMENTS

  • Wisconsin Super Lawyers
  • Martindale Hubbell AV-Preeminent Ranking
  • Listed in America’s Best Lawyers by Best Lawyers and U.S. News & World Reports
  • Named the Eau Claire area’s “Lawyer of the Year” for business bankruptcy and insolvency matters by Best Lawyers and U.S. News & World Reports
  • Subchapter V Small Business Bankruptcy Trustee for Region 11
  • Immediate Past Chair, Board of Directors of Bankruptcy and Creditor Rights Section of the State Bar of Wisconsin, July 1, 2021 – June 30, 2023
  • Chair, Board of Directors of Bankruptcy and Creditor Rights Section of the State Bar of Wisconsin, July 1, 2019 – June 30, 2021
  • Vice Chair, Board of Directors of Bankruptcy and Creditor Rights Section of the State Bar of Wisconsin, July 1, 2017 – June 30, 2019
  • Member, Board of Directors of the Bankruptcy and Creditor Rights Section of the State Bar of Wisconsin, July 1, 2014 – June 30, 2017
  • Member, Board of Directors of the Business Section of the State Bar of Wisconsin, July 1, 2022 – present
  • Chair, Continuing Legal Education Committee, July 1, 2022 – June 30, 2023
  • Member, Continuing Legal Education Committee, State Bar of Wisconsin, July 1, 2018 – June 30, 2023
  • Member, Finance Committee, State Bar of Wisconsin, July 1, 2022 – June 30, 2023
  • Member, Board of Directors, Eau Claire Economic Development Corporation, January 1, 2022 – present
    Vice President, Eau Claire Regional Arts Council

ASSOCIATIONS

  • American Bankruptcy Institute
  • Oklahoma Bar Association
  • Wisconsin Bar Association
  • American Bar Association
  • Eau Claire County Bar Association
  • Tri-County Bar Association
  • Chippewa County Bar Association
  • Western District of Wisconsin Bankruptcy Bar Association
  • National Association of Bankruptcy Trustees

PRESENTATIONS AND PUBLICATIONS

  • Panel Presenter of National Case Law Update, Wisconsin Annual Creditor/Debtor Update (November 2023)
  • Panel Presenter, Creative and Unusual Subchapter V Plan Provisions, National Association of Bankruptcy Trustees Annual Conference (August 2023)
  • Panel Presenter, Comparison of Chapter 12 and Subchapter V of Chapter 11, Annual Conference of Chapter 12 Trustees (July 2023)
  • Panel Presenter, Subchapter V Plans, Northwestern Wisconsin Bankruptcy Institute (April 2022)
  • Panel Presenter, Third Party Releases in Bankruptcy, 15th Annual Bankruptcy, Insolvency, and Creditor Rights Section Social/Retreat (February 2022)
  • Panel Presenter of National Case Law Update, Wisconsin State Bar Annual Bankruptcy Update (October 2021)
  • Program Master of Ceremonies/Presenter of National Case Law Update, Wisconsin State Bar Annual Bankruptcy Update (November 2020)
  • Chapter 12 Unobstructed: Why All Bankruptcy Attorneys Should Know the Basics of Chapter 12, 34th Annual Advanced Bankruptcy Seminar, Oklahoma Bar Association (December 2019)
  • Program Master of Ceremonies/Presenter of National Case Law Update, Wisconsin State Bar Annual Bankruptcy Update (November 2019)
  • Program Co-Chair/Presenter of National Case Law Update, Wisconsin State Bar Annual Bankruptcy Update (November 2018)
  • Moderator, Chapter 11 breakout session on complex confirmation issues, 13th Annual Bankruptcy, Insolvency, and Creditors Rights Section Social/Retreat (March 2018)
  • Program Co-Chair/Presenter of National Case Law Update, Wisconsin State Bar Annual Bankruptcy Update (November 2017)
  • Bankruptcy Panelist, National Business Institute Seminar, Tax 101 for Non-Tax Attorneys (August 2017)
  • Panelist, Good Faith and the Bankruptcy Code, 2017 Northwestern Bankruptcy Institute (April 2017)
  • Debate panelist on dischargeability of income tax obligations for “late-filed returns” at the 12th Annual BICR Educational/Social Retreat (March 2017)
  • Program Co-Chair/Presenter of National Case Law Update, Wisconsin State Bar Annual Bankruptcy Update (October 2016)
  • Panelist, “Law v. Siegel and the Ever-Changing Face of Exemptions” at the Hon. Eugene R. Wedoff Seventh Circuit Consumer Bankruptcy Conference (October 2016)
  • Bankruptcy Panelist, National Business Institute Seminar, Tax 101 for Non-Tax Attorneys (August 2016)
  • Panelist for legal ethics presentation at the American Bankruptcy Institute 23rd Annual Central States Bankruptcy Workshop (June 2016)
  • Presenter, National Business Institute Seminar, Creditors’ Rights in Bankruptcy (May 2016)
  • Panelist for session on “Retooling for the Good Economy” at the 11th Annual BICR Educational/Social Retreat (March 2016)

  • Panelist/Presenter, National Business Institute Seminar, Advanced Foreclosure: Top 10 Challenges (December 2015)
  • Panelist/Presenter, National Case Law Update, Wisconsin State Bar Annual Bankruptcy Update (November 2015)
  • Panelist/Presenter, National Bankruptcy Institute Seminar, Top 11 Complications in Bankruptcy (September 2015)
  • Panelist/Presenter, National Business Institute Seminar, Foreclosure from Start to Finish (June 2015)
  • Panelist/Presenter/Moderator, Clearing the Air: Frac Sand Mining Interests in Bankruptcy at the Northwestern Wisconsin Bankruptcy Institute (April 2015)
  • Panelist/Presenter, National Business Institute Seminar, New Bankruptcy Rules, Forms, and Fees You Must Know (January 2015)
  • Panelist/Presenter, National Case Law Update, Wisconsin State Bar Annual Bankruptcy update (November 2014)
  • Panelist/Presenter, National Business Institute Seminar, Farm Leases (February 2014)
  • Panelist/Presenter, National Case Law Update at the Northwestern Wisconsin Bankruptcy Institute (April 2013)
  • Panelist/Presenter, National Case Law Update, Wisconsin State Bar Annual Bankruptcy Update (Fall 2013)
  • Panelist/Presenter, National Case Law Update, Wisconsin State Bar Annual Bankruptcy Update (Fall 2012)
  • Panelist/Presenter, National Case Law Update, Wisconsin State Bar Annual Bankruptcy Update (Fall 2011)
  • Panelist/Presenter, National Case Law Update, Wisconsin State Bar Annual Bankruptcy Update (Fall 2010)
  • Panelist/Presenter National Case Law Update, Wisconsin State Bar Annual Bankruptcy Update (Fall 2009)
  • Section 9-403(1) of the Uniform Commercial Code and the Common Law Presumption of Receipt: May Mere Mailing Constitute Presentation of a Financing Statement? (UCC Bulletin, August 1996)
  • Remedy or Penalty: The Enforceability of Acceleration of Rents Provisions in Commercial Leases in Oklahoma (Oklahoma Bar Journal, September 1995)
  • Lien Avoidance, Tools of the Trade, and the Bankruptcy Reform Act of 1994: What Are We Supposed to do with Section 522(f)(3)? (Norton Bankruptcy Law Adviser, August 1995)
  • Objections to the Value of Exempt Property: Semantic Game or Viable Option? (Norton Bankruptcy Law Adviser, June 1995)