In re Advance Mortgagee Servicing Corp.

86 F.3d 1161 NOTICE: Ninth Circuit Rule 36-3 provides that dispositions other than opinions or orders designated for publication are not precedential and should not be cited except when relevant under the doctrines of law of the case, res judicata, or collateral estoppel.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 ADVANCE MORTGAGEE SERVICING CORPORATION, Debtor. Richard A. MARSHACK, Chapter 7 Trustee for Advance Mortgagee Servicing Corporation, Plaintiff-Appellee, v. Paul C. HUDSON, Trustee of the Paul C. Hudson P.A. Pension Trust, Defendant-Appellant. No. 94-56570. United States Court of Appeals, Ninth Circuit. Argued and Submitted April 10, 1996. Decided May 20, 1996. 1 Before: SCHROEDER and LEAVY, Circuit Judges, and TRIMBLE, * District Judge. 2 MEMORANDUM ** 3 The Paul C. Hudson P.A. Pension Trust ("Hudson") exchanged land and cash for shares of common and preferred stock issued by Advance Mortgagee Servicing Corporation ("Debtor"). Shortly before filing its petition in bankruptcy, Debtor "reversed" these transactions by redeeming Hudson's shares of preferred stock and returning the land to Hudson. Hudson appeals from the district court's modified affirmance of the bankruptcy court's partial summary judgment in…