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Published on 6/22/2011 in the Prospect News Distressed Debt Daily.

Majestic Capital: U.S. Trustee appoints unsecured creditors committee

By Lisa Kerner

Charlotte, N.C., June 22 - Majestic Capital, Ltd.'s official committee of unsecured creditors has been appointed by Region 2 U.S. Trustee Tracy Hope Davis, according to a Wednesday filing with the U.S. Bankruptcy Court for the Southern District of New York.

The committee members are Alex Chang, vice president, BNY Mellon Trust Co., NA of New York; Suzanne Mac Donald, vice president, Wilmington Trust Co. as trustee, of Wilmington, Del.; and David S. Kaminski, asset manager, Oakwood Partners, LLC of Poughkeepsie, N.Y.

Majestic Capital, a Bermuda-based specialty provider of workers' compensation insurance, filed for bankruptcy on April 29. The Chapter 11 case number is 11-36225.


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