Summary
discussing the six year statute of limitations for fraudulent conveyance claims
Summary of this case from Levin v. Javeri (In re Firestar Diamond, Inc.)Opinion
June 1, 1993
Appeal from the Supreme Court, New York County (Myriam J. Altman, J.).
Petitioner's failure to commence a proceeding prior to the expiration of the six-year statute of limitations bars this proceeding to set aside certain alleged fraudulent conveyances pursuant to Debtor and Creditor Law § 273 (see, Hearn 45th St. Corp. v. Jano, 283 N.Y. 139; Quadrozzi Concrete Corp. v Mastroianni, 56 A.D.2d 353). The 20-year statute of limitations for enforcement of judgments applies only to judgment debtors and not transferees unnamed in the judgment.
Concur — Murphy, P.J., Rosenberger, Kupferman, Kassal and Nardelli, JJ.