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Commissioners of the State Insurance Fund (SIF), a judgment creditor, initiated a special proceeding against ES.G. Construction Co., Inc. (PSG) to invalidate alleged fraudulent conveyances made by Bridgeworks of Greater New York, Inc. (judgment debtor and SIF's original defendant) to PSG. Both Bridgeworks and PSG were solely owned by Paul Grosman. SIF sought recovery of an unpaid loan balance of $41,268. PSG moved to dismiss, arguing the claim was time-barred by the six-year statute of limitations under CPLR 213 (1). The court, following Second Department precedent, held that claims under Debtor and Creditor Law § 273-a accrue at the time of the conveyance, not when a judgment is obtained. As the conveyances occurred more than six years before the special proceeding commenced, the petition was dismissed as time-barred.
Commissioners of the State Insurance Fund v. P.S.G. Construction Co. is a workers' compensation case decided in New York Supreme Court. This case addresses legal issues related to compensation claims, benefits, and court rulings.
It is commonly referenced in legal research involving workers' compensation laws in New York Supreme Court.
Full Decision Text1 Pages
Commissioners of the State Insurance Fund (SIF), a judgment creditor, initiated a special proceeding against ES.G. Construction Co., Inc. (PSG) to invalidate alleged fraudulent conveyances made by Bridgeworks of Greater New York, Inc. (judgment debtor and SIF's original defendant) to PSG. Both Bridgeworks and PSG were solely owned by Paul Grosman. SIF sought recovery of an unpaid loan balance of $41,268. PSG moved to dismiss, arguing the claim was time-barred by the six-year statute of limitations under CPLR 213 (1). The court, following Second Department precedent, held that claims under Debtor and Creditor Law § 273-a accrue at the time of the conveyance, not when a judgment is obtained. As the conveyances occurred more than six years before the special proceeding commenced, the petition was dismissed as time-barred.
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