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N.Y. Debtor & Creditor Law § 276

Remedies of creditor

2020-04-10

§ 276. Remedies of creditor. (a) In an action for relief against a\ntransfer or obligation under this article, a creditor, subject to the\nlimitations in section two hundred seventy-seven of this article, may\nobtain:\n (1) avoidance of the transfer or obligation to the extent necessary to\nsatisfy the creditor's claim;\n (2) an attachment or other provisional remedy against the asset\ntransferred or other property of the transferee if available under\napplicable law; and\n (3) subject to applicable principles of equity and in accordance with\napplicable rules of civil procedure:\n (i) an injunction against further disposition by the debtor or a\ntransferee, or both, of the asset transferred or of other property;\n (ii) appointment of a receiver to take charge of the asset transferred\nor of other property of the transferee; or\n (iii) any other relief the circumstances may require.\n (b) If a creditor has obtained a judgment on a claim against the\ndebtor, the creditor, if the court so orders, may levy execution on the\nasset transferred or its proceeds.\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.