In Re Mercury Finance Co.

MEMORANDUM OPINION

ERWIN I. KATZ, Bankruptcy Judge.

This matter comes before the Court on the Amended Emergency Motion of Alan Aron, Arthur Kaplan, Robert Lentz, and George Pontikes for Entry of Order Directing United States Trustee to Reconstitute Membership of the Equity Committee and Alternative Relief. The Court issued an oral ruling from the bench on August 19, 1998, and reserved the right to issue a written opinion setting forth its reasoning at a later date. The Court hereby supplements its oral ruling with the following opinion.

I. FACTUAL BACKGROUND

The Debtor, Mercury Finance Company,…