In re: Builders Group & Development Corp.; Noreen Wiscovitch Rentas v. Jorge Rios Pulpeiro

CourtUnited States Bankruptcy Court, D. Puerto Rico
DecidedDecember 15, 2017
Docket15-00002
StatusUnknown

This text of In re: Builders Group & Development Corp.; Noreen Wiscovitch Rentas v. Jorge Rios Pulpeiro (In re: Builders Group & Development Corp.; Noreen Wiscovitch Rentas v. Jorge Rios Pulpeiro) is published on Counsel Stack Legal Research, covering United States Bankruptcy Court, D. Puerto Rico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
In re: Builders Group & Development Corp.; Noreen Wiscovitch Rentas v. Jorge Rios Pulpeiro, (prb 2017).

Opinion

IN THE UNITED STATES BANKRUPTCY COURT 1 FOR THE DISTRICT OF PUERTO RICO

2 IN RE: CASE NO. 13-04867 (ESL) 3 BUILDERS GROUP & 4 DEVELOPMENT CORP. CHAPTER 7 Debtor 5 NOREEN WISCOVITCH RENTAS, ADV. PROC. NO. 15-00002 (ESL) 6 CHAPTER 7 TRUSTEE Plaintiff/Trustee 7 vs. 8 JORGE RIOS PULPEIRO 9 Defendant 10

11 OPINION AND ORDER 12 13 This adversary proceeding is before the court upon the Motion for Summary Judgment 14 (Docket Nos. 34 and 35) filed by the Chapter 7 Trustee (hereinafter referred to as “Trustee” or 15 “Plaintiff”) and the Opposition to Motion for Summary Judgment (Docket No. 39) filed by Jorge 16 Rios Pulpeiro (hereinafter referred to as “Mr. Rios” or “Defendant”). The Trustee requests that 17 the court find that Mr. Rios is personally liable to the estate and that he be ordered to turn over 18 $2,100,359.32 pursuant to 11 U.S.C. §542. The Defendant disputes several of the material facts 19 asserted by the Trustee and argues that the debts that the Trustee seeks to recover do not exist 20 and/or are unrecoverable under applicable law. In addition, Mr. Rios sustains that he is not 21 personally liable to the estate. 22 For the reasons stated below, the Trustee’s Motion for Summary Judgment is denied. 23 24 25 26 27 1 Jurisdiction 2 The Court has jurisdiction pursuant to 28 U.S.C. §§157(a) and 1334(b). Venue of this 3 proceeding is proper under 28 U.S.C. §§1408 and 1409. The nature of this proceeding pursuant to 4 28 U.S.C. §157(b)(1) and (b)(2)(E) will be further discussed below. 5 6 Facts and Procedural Background 7 The Debtor filed a bankruptcy petition under Chapter 11 of the Bankruptcy Code on June 8 12, 2013 (lead case, No. 13-048671). The procedural background of the lead case is lengthy and 9 complex. Thus, the court will only reference dockets and events related to this adversary 10 proceeding. The petition contains Mr. Rios’ signature in his capacity as President of the Debtor 11 (lead case, Docket No. 1, p. 3). In addition, the Statement of Financial Affairs indicates that Mr. 12 Rios owned 100% of the Debtor’s stock (lead case, Docket No. 16, p. 11). The Debtor included 13 in Schedule B (Personal Property) $1,374,856.51 as due from affiliated companies (lead case, 14 Docket No.15, p. 14). The amounts are itemized as follows: (i) $111,487.36 due from Affordable 15 Housing Li; (ii) $995,060.89 due from 1959 Building Center; (iii) $221, 293.26 due from Goddess 16 Yacth; (iv) 46,000.00 due from Ocean Walk; and (v) $615.00 due from El Senorial Assistance 17 Living (lead case, Docket No. 15, Schedule B, Exhibit D, p. 18). 18 After several procedural events and motions, on January 10, 2014, the court granted a 19 request by two of the Debtor’s creditors to convert the case to Chapter 7. (lead case, Docket No. 20 197, Minute Entry and Docket No. 199, Audio File). On January 27, 2014, the Order converting 21 the case to Chapter 7 was entered (lead case, Docket No. 202). On January 28, 2014, a Notice was 22 entered appointing Noreen Wiscovitch Rentas as the Chapter 7 Trustee and scheduling the 341(a) 23 meeting for March 6, 2014 (lead case, Docket No. 203). 24 Subsequently, on January 7, 2015, the Trustee filed three adversary proceedings: 25 Adversary Proceeding Case Nos: 15-00001; 15-00002 and 15-000032. The Complaint (Docket

26 1 References to the lead case are to the entries and documents filed in the bankruptcy case, case number 13-04867 27 (ESL). 2 Adversary Proceeding 15-00001 was filed by the Trustee against Affordable Housing Living, Inc., and was closed 1 No.1) in this adversary proceeding contains seven causes of action against Mr. Rios: (1) recovery 2 of money in the amount of $2,100,358.32, and/or (2) fraudulent transfer pursuant to 11 U.S.C. 3 §§544, 547 and 548; (3) preferential transfer pursuant to 11 U.S.C. §547; (4) avoidance of 4 additional transfers pursuant to 11 U.S.C. §548; (5) rescission of transfers made in fraud of 5 creditors pursuant to 11 U.S.C. §544(b) and Art. 1243(3) of the Civil Code of Puerto Rico; (6) 6 Request for Declaration of Nullification of Contracts pursuant to Articles 1227 and 1228 of the 7 Civil Code of Puerto Rico; and/or (7) Personal Liability of the Defendant (Docket No. 1). On 8 January 14, 2015, an Order and Notice was entered setting a preliminary pre-trial conference on 9 May, 29, 2015 (Docket No. 6). On February 11, 2015, the Defendant, pro se, filed a Motion to 10 Extend Time to Answer Complaint (Docket No. 8) requesting an extension of thirty (30) days to 11 file a response to the Complaint and the same was granted on February 13, 2015 (Docket No. 9). 12 On March 17, 2015, Mr. Rios, pro se, filed his Answer to the Complaint denying several of the 13 allegations made by the Trustee and including several affirmative defenses (Docket No. 12). 14 On May 22, 2015, the parties filed a Joint Motion for Continuance of Hearing (Docket 15 No.13) requesting that the preliminary pre-trial be continued until the Defendant retained legal 16 representation. On May 26, 2015, the Court entered an Order granting the Joint Motion for 17 Continuance of Hearing and re-scheduling the hearing to September 18, 2015 (Docket No. 14). 18 Subsequently, the court entered an Order re-scheduling the hearing to November 6, 2015 (Docket 19 No. 16). On November 5, 2015, the parties filed a Joint Motion for Leave to Waive Compliance 20 with Order Entered on Dkt. No. 16 and Motion to Inform (Docket No. 18) requesting that they be 21 excused from filing a pre-trial report. On November 6, 2015, the court held a preliminary pre-trial 22 hearing and granted the parties two hundred and ten (210) days to conclude discovery and two 23 hundred and forty (240) days to file dispositive motions3 (Docket No. 19, Minute Entry and 24 Docket No. 20, Audio File). 25 00001). Likewise, Adversary Proceeding 15-00003 was filed by the Trustee against 1959 Building Center, Inc., and 26 was closed after Judgment by Default was entered against the defendant on April 7, 2017 (Docket No. 32 of Case No. 15-00003). 27 3 In addition, an attorney made an appearance on behalf of the Defendant. Thereafter, on November 20 2015, the attorney filed a Notice of Appearance (Docket No. 22). Subsequently, on August 17, 2016, the attorney filed a Motion 1 The court held a Status Conference on January 27, 2017 and granted the parties thirty (30) 2 days to file dispositive motions and fourteen (14) days to reply (Docket No. 28, Minute Entry and 3 Docket No. 30, Audio File)4. On February 27, 2017, the Trustee filed a Motion for Extension of 4 Time (Docket No. 31) requesting an extension of ten (10) days to file a motion for summary 5 judgment which was granted on March 1, 2017 (Docket No. 32). 6 On March 10, 2017, the Trustee filed the Chapter 7 Trustee’s Statement of Uncontested 7 Facts in Support of Motion for Summary Judgment (Docket No. 34) and Motion for Summary 8 Judgment (Docket No. 35).

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In re: Builders Group & Development Corp.; Noreen Wiscovitch Rentas v. Jorge Rios Pulpeiro, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-builders-group-development-corp-noreen-wiscovitch-rentas-v-prb-2017.