IN RE PRIME, INC.

Bankruptcy No. 81-03200-S-11, Adv. Nos. 81-1885-S-11, 81-2010-S-11, 81-2043-S-11, 81-2130-S-11, 81-0052-S-11 and 82-0085-S-11.

26 B.R. 556 (1983)

In re PRIME, INC., Debtor. WESTINGHOUSE CREDIT CORP., Plaintiff, v. PRIME, INC., Defendant TRAILMOBILE, INC., Plaintiff, v. PRIME, INC., Defendant FREIGHTLINER CREDIT CORP., Plaintiff, v. PRIME, INC., Defendant PACCAR FINANCIAL CORPORATION, Plaintiff, v. PRIME, INC., Defendant. ASSOCIATES COMMERCIAL CORPORATION, Plaintiff, v. PRIME, INC., Defendant LITTON INDUSTRIES CREDIT CORPORATION, Plaintiff, v. PRIME, INC., Defendant.

United States Bankruptcy Court, W.D. Missouri, S.D.

January 21, 1983.


Attorney(s) appearing for the Case

Gary A. Love, Springfield, Mo., for debtor.

Donald B. Steele, Kansas City, Mo., for CIT Corporation.

Ben R. Swank, Kansas City, Mo., for Westinghouse Credit Corp.

Douglas S. Evans, Springfield, Mo., for Paccar.

Robert Stillings, Springfield, Mo., for Associates Commercial Corp.

James L. Bowles, Springfield, Mo., Richard Tannenbaum, Stramford, Conn., for Litton Credit.

Thomas J. O'Neal, Springfield, Mo., for Unsecured Creditors Committee.

Theodore Salveter, Springfield, Mo., for Mercedes-Benz formerly Freightliner.

Russell S. Jones, Jr., Kansas City, Mo., for Fruehauf Corp.

Alan R. Lepene, Cleveland, Ohio, for Society National Bank, successor by merger to Second National Bank of Ravenna.

Douglas E. Quinn, Omaha, Neb., for Trailmobile, Inc.

R.H. Foerschler, Kansas City, Kan., for Union Oil Co.

Harold M. Slaughter, Dallas, Tex., for Excalibur Insurance Company.


MEMORANDUM OPINION AND ORDER

JOEL PELOFSKY, Bankruptcy Judge.

Prime, Inc., is an over the road trucking company which filed for reorganization in October of 1981. Various secured creditors filed complaints for lifts of the stay or adequate protection. The complaints were set for trial but settled by agreement of the parties. In general terms those settlements recalculated payment schedules, required regular payments and provided that debtor would surrender...

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