In re U.S. Truck Co.

MEMORANDUM OPINION AND ORDER

STANLEY B. BERNSTEIN, Bankruptcy Judge.

Introduction:

The debtor moved for an order authorizing its affiliate, Brent Company, to pur*788chase undisputed and liquidated unsecured claims at forty (40%) percent of the allowed amounts. The motion was supported by the unsecured creditors’ committee, but opposed by the Teamsters’ Union.1 After hearing oral arguments and considering the brief filed by the unsecured creditors committee, this Court denies the motion.

Analysis:

The debtor filed its Chapter 11 petition on June 18, 1982. This opinion marks the second anniversary of…