{"id":26804,"date":"2022-04-22T12:40:43","date_gmt":"2022-04-22T17:40:43","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=26804"},"modified":"2022-04-22T13:29:22","modified_gmt":"2022-04-22T18:29:22","slug":"gwg-holdings-bankruptcy-protection-filling","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/gwg-holdings-bankruptcy-protection-filling\/","title":{"rendered":"GWG Holdings Files For Chapter 11 Bankruptcy Protection"},"content":{"rendered":"

Issuer of L Bonds Says SEC\u2019s Probe Contributed to Its Demise<\/span><\/h2>\n

In the US Bankruptcy Court for the Southern District of Texas on April 20, 2022, <\/span>GWG Holdings, Inc. (GWGH)<\/span><\/a> voluntarily filed for Chapter 11 bankruptcy protection. The move was expected in the wake of the regulatory and financial woes plaguing the Dallas-based alternative firm.\u00a0<\/span><\/p>\n

GWG Holdings\u2019 bankruptcy is bad news for investors, many of whom are retail customers, including elderly investors and retirees. In February 2022, the company, which sold $1.6B in life-settlement backed bonds via independent brokerage firms, had defaulted on $13.6M in principal payments and interest it owed investors of its L Bond series.\u00a0<\/span><\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Issuer of L Bonds Says SEC\u2019s Probe Contributed to Its Demise In the US Bankruptcy Court for the Southern District of Texas on April 20, 2022, GWG Holdings, Inc. (GWGH) voluntarily filed for Chapter 11 bankruptcy protection. The move was expected in the wake of the regulatory and financial woes plaguing the Dallas-based alternative firm.\u00a0 […]<\/p>\n","protected":false},"author":2,"featured_media":26805,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4693],"tags":[4684,4696],"class_list":["post-26804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gwg-holdings","tag-gwg-holdings","tag-gwg-l-bonds"],"yoast_head":"\nGWG Holdings Files For Bankruptcy Protection | Securities Lawyers<\/title>\n<meta name=\"description\" content=\"GWG Holdings voluntarily filed for Chapter 11 bankruptcy protection on April 20, 2022, in wake of financial issues. 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