Cavadi v. DeYeso

This action requires us to consider whether a non-statutory action to reach and apply permits a creditor to pursue equitable assets of a debtor after the statute of limitations contained in G. L. c. 109A, § 10, has run. Jules R. Cavadi, both individually and as assignee of the Federal Deposit Insurance Company (FDIC), holds a 1991 agreement for judgment and an execution against Stephen C. Barnes. Cavadi brought suit on that judgment, asserting that certain properties located on Martha’s Vineyard (Vineyard) and in the South Boston section of Boston, as well as Stratham, New Hampshire, actually…