Bankr. L. Rep. P 75,183, 20 Ucc rep.serv.2d 333 Zachary Stoumbos, Trustee, as Successor to Dale v. Whitesides, Trustee, Plaintiff-Appellant-Cross-Appellee v. Walter Kilimnik, an Individual, Aam Aerospace & Corrosion International, Inc., a Washington Corporation, D/B/A Aerospace & Corrosion International, Inc., Defendants-Appellees- Cross-Appellants

988 F.2d 949 Bankr. L. Rep. P 75,183, 20 UCC Rep.Serv.2d 333 Zachary STOUMBOS, Trustee, as successor to Dale V. Whitesides, Trustee, Plaintiff-Appellant-Cross-Appellee, v. Walter KILIMNIK, an individual, AAM Aerospace & Corrosion International, Inc., a Washington corporation, d/b/a Aerospace & Corrosion International, Inc., et al., Defendants-Appellees- Cross-Appellants. Nos. 91-35524, 91-35525. United States Court of Appeals, Ninth Circuit. Argued and Submitted Sept. 16, 1992. Decided March 9, 1993. Joseph E. Shickich, Jr., Riddell, Williams, Bullitt & Walkinshaw, Seattle, WA, for plaintiff-appellant-cross-appellee. William S. Weinstein, Weinstein, Fischer & Riley, Seattle, WA, for defendants-appellees-cross-appellants. Appeal from the United States District Court for the Western District of Washington. Before WRIGHT, FLETCHER and CANBY, Circuit Judges. FLETCHER, Circuit Judge: 1 The trustee for debtor American Alloy Metals ("AAM") appeals the district court's affirmance of the bankruptcy court's decision in an adversary proceeding brought by the trustee against Walter Kilimnik, former president of AAM. The decision in most respects favored Kilimnik. Kilimnik…