Petersen v. Valenzano
Opinion of the Court
—In an action pursuant to
Ordered that the order and judgment is affirmed, with costs.
The plaintiff, a judgment creditor of the defendant Marcello Valenzano, established that Valenzano had a history of hiding his assets in shell corporations, and that he conveyed the subject property to his daughter for a nominal consideration months after he was declared the sole owner of the property. This established a prima facie case under Debtor and Creditor Law § 273-a that Valenzano fraudulently conveyed the property to his daughter (see, Matter of Capalbo v Capalbo, 256 AD2d 575). In response, the defendants failed to raise a triable issue of fact that fair consideration was given for the property (see, Apple Bank for Sav. v Contaratos, 204 AD2d 375; Rush v Rush, 19 AD2d 846). Goldstein, J. P., McGinity, Luciano and Crane, JJ., concur.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.