In Re Parkside Building Co. Robert Steinberg, Bankruptcy Trustee v. Richard C. Hedreen, Elizabeth Hedreen

944 F.2d 909 NOTICE: Ninth Circuit Rule 36-3 provides that dispositions other than opinions or orders designated for publication are not precedential and should not be cited except when relevant under the doctrines of law of the case, res judicata, or collateral estoppel. In re PARKSIDE BUILDING CO. Robert STEINBERG, Bankruptcy Trustee, Plaintiff-Appellee, v. Richard C. HEDREEN, Elizabeth Hedreen, Defendant-Appellant. No. 90-35419. United States Court of Appeals, Ninth Circuit. Argued and Submitted Feb. 5, 1991. Decided Sept. 18, 1991. As Amended Nov. 6, 1991. Before WALLACE, Chief Judge, O'SCANNLAIN, Circuit Judge, and BURNS, * District Judge. MEMORANDUM ** * Richard Hedreen is a Seattle builder and developer. He owns 100% of the stock in two corporations, Parkside Building Co. ("Parkside") and the R.C. Hedreen Company ("RCHC"). Sometime in the early 1980's, Hedreen, in his personal capacity, obtained a long-term lease for a parcel of land in West Seattle. On this parcel Hedreen envisioned building a residential and retail complex called Jefferson Square. In preparation for construction, Hedreen obtained a construction loan from SeaFirst Bank. In 1985, Hedreen incorporated…