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Supreme Court Grants Permission to Pierce Family Trust to Collect Debts Owed

The Supreme Court of the State of New York, New York County, granted Plaintiff’s petition pursuant to CPLR § 5225(b) and pierced a family trust to satisfy debts of the Grantor. In granting the petition, the Court noted that despite the language of the trust agreement and Grantor’s contention that he had no interest in the assets of the family trust, Grantor’s history of misusing trusts and use of the family trust funds directly for his own benefit supported Plaintiff’s assertions that Grantor was using the trust to evade his creditors.  Ronsco, Inc., v. William Aversa, et al., Index No. 654664/2020 (Sup. Ct. New York Cnty., July 2022).

Ronsco, Inc. was represented by Joseph N. Paykin and Diana M. Malave.