Bankruptcy Reorganization Chapter 11

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Bankruptcy Reorganization Chapter 11

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April 30, 2011

Majestic Capital, Ltd. Files For Chapter 11

  • Debtor Name:  Majestic Capital, Ltd.
  • Year Filed:  2011
  • Jurisdiction:  United States Bankruptcy Court / Southern District of New York
  • Asset Size:  100,000,001 to 500,000,000
  • Case Number:  11-36225
  • Industry:  Insurance

Bermuda-based insurance holding company with $436.2 million in assets as of December 31, 2010.

The petition lists the largest unsecured creditors as The Bank of New York Trust, Co., N.A. ($36 million), Wilmington Trust Company ($8.1 million) and Kramer Levin ($550 thousand).

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