Creditors committee appointed in Genmar bankruptcy - Trade Only Today

Creditors committee appointed in Genmar bankruptcy

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The U.S. trustee overseeing Genmar Holdings' bankruptcy appointed seven companies to serve on the Official Committee of Unsecured Creditors.

Appointed to the committee are: EZ Loader Boat Trailers, Midway, Ark.; Inland Plywood Co., Pontiac, Mich.; Dometic Corp., Pompano Beach, Fla.; Volvo Penta of the Americas Inc., Chesapeake, Va.; Marine Hardware Inc., Redmond, Va.; Teleflex Inc., Limerick, Pa.; and Ti Dawn Engineering Inc., Atlanta.

Gary Potter from EZ Loader Boat Trailers was designated as acting chairperson of the committee, pending the selection of a permanent chairperson by the committee members.

Genmar filed for Chapter 11 reorganization protection in U.S. bankruptcy court in Minnesota June 1, citing an inability to complete alternative financing acceptable to the banks.

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