15 Collier bankr.cas.2d 225, Bankr. L. Rep. P 71,276 in Re Washburn & Roberts, Inc., a Washington Corporation, Debtor. Washburn & Roberts, Inc., a Washington Corporation v. Park East, a Washington Partnership

795 F.2d 870 15 Collier Bankr.Cas.2d 225 , Bankr. L. Rep. P 71,276 In re WASHBURN & ROBERTS, INC., a Washington corporation, Debtor. WASHBURN & ROBERTS, INC., a Washington corporation, Plaintiff-Appellant, v. PARK EAST, a Washington partnership; et al., Defendants-Appellees. No. 85-4035. United States Court of Appeals, Ninth Circuit. Argued and Submitted March 7, 1986. Decided July 29, 1986. Frank L. Kurtz, Susan L. Hahn, Schwab, Kurtz & Hurley, Yakima, Wash., for plaintiff-appellant. Leonard M. Cockrill, Hovis, Cockrill, Weaver & Bjur, Yakima, Wash., for defendants-appellees. Appeal from the United States District Court for the Eastern District of Washington. Before WRIGHT, TANG and REINHARDT, Circuit Judges. REINHARDT, Circuit Judge: I. BACKGROUND A. Facts and Proceedings Below 1 On December 17, 1979, Washburn & Roberts, Inc., a Washington corporation, filed a bankruptcy petition under the Bankruptcy Code of 1978, 11 U.S.C. Sec. 101 et seq. 1 On February 11, 1981, the debtor filed this action seeking to avoid, under section 544(a)(3) of the Code, the transfer of a certain parcel of property from itself to Park East, a Washington partnership composed of itself…