Ordered that the judgment is affirmed, with costs.
On April 18, 1987, Allied Plywood Corporation (hereinafter Allied) obtained a judgment against G.S.W. Mfg., Ltd. (hereinafter GSW) for $42,090.52. Pursuant to CPLR 5227, Allied sought satisfaction of the judgment from Joseph Grasso, the president and sole shareholder of GSW, on the ground that Grasso owed GSW $228,147. Grasso opposed the proceeding on the theory that he was actually a net creditor of GSW. He claimed...
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