Title
Anchor Savings Bank vs. Furigay
Case
G.R. No. 191178
Decision Date
Mar 13, 2013
ASB sued Furigays for fraudulent property donation to evade debt; SC ruled rescission premature, requiring exhaustion of legal remedies first.

Case Summary (G.R. No. 92442-43)

Petitioner and Respondents

Petitioner: Anchor Savings Bank, successor to Anchor Finance and Investment CorporationRespondents: Henry H. Furigay and Gelinda C. Furigay (debtors), and their children, Hegem C. Furigay and Herriette C. Furigay (donees of the alleged fraudulent donation)

Key Dates

• April 21, 1999 – ASB files complaint for sum of money and damages with application for replevin (RTC Makati, Branch 143)
• November 7, 2003 – RTC renders money‐judgment in favor of ASB (Php8,695,202.59 plus interest, penalties, liquidated damages, attorney’s fees and costs)
• March 8, 2001 – Date of Deed of Donation in favor of minors; registered April 4, 2001
• October 14, 2005 – ASB files complaint for rescission of donation and cancellation of titles (RTC Alaminos, Branch 55)
• September 29, 2006 & February 27, 2007 – RTC orders denying, then dismissing rescission complaint for wrong fees and prescription
• May 28, 2009 & January 22, 2010 – Court of Appeals decision and resolution dismissing ASB’s appeal
• March 13, 2013 – Supreme Court resolution denying review

Applicable Law

• 1987 Philippine Constitution (post-1990 decision)
• Rule 45, 1997 Rules of Civil Procedure (certiorari)
• Rule 14, Rule 2, Revised Rules of Court (service and cause of action)
• Articles 1177, 1381–1389, New Civil Code (accion pauliana, subsidiary rescission remedy)
• Jurisprudence on sufficiency of complaint and requirements for rescission

Procedural History in the RTC

ASB’s rescission complaint alleged that the donation was made in fraud of creditors under Article 1387, New Civil Code, and prayed for cancellation of four titles, damages, attorney’s fees and costs. Respondents moved to dismiss for lack of personal and subject matter jurisdiction (allegedly defective summons and unpaid docket fees) and prescription. The RTC initially denied dismissal but on reconsideration (February 27, 2007) dismissed for:

  1. Failure to pay correct filing fees—treated as real action based on fair market value, which ASB omitted;
  2. Prescription—action filed more than four years after registration (deemed notice) of donation.

CA’s Analysis and Ruling

The Court of Appeals reversed the RTC’s dismissal for defective docket fees, holding that omission of specific damage and attorney’s fees amounts did not prove bad faith, and ASB offered to pay additional fees. On prescription, however, the CA deemed ASB’s action premature, not barred. It emphasized that accion pauliana accrues only when the creditor has no other legal remedy to satisfy its claim (i.e., after final judgment, execution, levy attempts, and proof of futility). ASB’s complaint failed to allege exhaustion of remedies (e.g., whether the judgment was final, execution yielded no assets, sheriff’s attempts, skip tracing by sheriff), thus lacking the third requisite for rescission and warranting dismissal.

Supreme Court’s Legal Analysis on Cause of Action

The Supreme Court affirmed the CA’s dismissal, grounding its analysis on:
• Rule 2, Secs. 1–2, Revised Rules of Court—complaint must allege ultimate facts comprising a cause of action.
• Civil Code, Art. 1177 & 1383—accion pauliana is a subsidiary remedy, available only after creditor pursues debtor’s assets and exercises subrogatory rights.
• Jurisprudence—failure to allege all requisites in complaint is a fatal defect; inquiry is into the sufficiency of pleading, not merits.

Subsidiary Nature of Accion Pauliana

The Court reiterated that rescission for fraud against creditors is a last-resort remedy. Before filing, a creditor must have:

  1. Exhausted debtor




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