In Re Samuel G. Bialac, Debtor. Harsh Investment Corp. And Harsh Building Co. v. Samuel G. Bialac, in Re James T. Bialac, Debtor. Harsh Investment Corp. v. James T. Bialac

712 F.2d 426 8 Collier Bankr.Cas.2d 1395 , 11 Bankr.Ct.Dec. 230 , Bankr. L. Rep. P 69,314 , 36 UCC Rep.Serv. 1467 In re Samuel G. BIALAC, Debtor. HARSH INVESTMENT CORP. and Harsh Building Co., Plaintiffs-Appellees, v. Samuel G. BIALAC, Defendant-Appellant. In re James T. BIALAC, Debtor. HARSH INVESTMENT CORP., Plaintiff-Appellee, v. James T. BIALAC, Defendant-Appellant. No. 82-5907. United States Court of Appeals, Ninth Circuit. Argued and Submitted May 13, 1983. Decided Aug. 4, 1983. Newman R. Porter, Amy R. Coy, Evans, Kitchel & Jenckes, P.C., Phoenix, Ariz., for plaintiffs-appellees. John P. Frank, Randolph J. Haines, Gerald K. Smith, Susan M. Freeman, Lewis & Roca, Phoenix, Ariz., for defendant-appellant. Appeal from the Bankruptcy Appellate Panels of the Ninth Circuit. Before ANDERSON, SKOPIL, and NORRIS, Circuit Judges. SKOPIL, Circuit Judge: OVERVIEW 1 The Bialac family sold Arizona real estate to Harsh Building Co. ("HBC"), a subsidiary of appellee, Harsh Investment Co. ("HIC") in return for a "surplus cash" note ("note") payable by HBC. From a default in a related transaction, HIC obtained a state court judgment against five members of the Bialac family, jointly…