{"id":26811,"date":"2022-04-26T11:12:05","date_gmt":"2022-04-26T16:12:05","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=26811"},"modified":"2022-04-26T11:12:05","modified_gmt":"2022-04-26T16:12:05","slug":"gwg-holdings-l-bond-investors-loss","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/gwg-holdings-l-bond-investors-loss\/","title":{"rendered":"At Least 27,000 L Bond Investors Left At a Loss Following GWG Holdings\u2019 Bankruptcy Filing"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">Despite Misgivings, Court Approves $10M Financing for Troubled GWG Holdings<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">One day after<\/span><a href=\"https:\/\/www.investorlawyers.com\/gwg-holdings-inc.html\"><span style=\"font-weight: 400;\"> GWG Holdings<\/span><\/a><span style=\"font-weight: 400;\"> filed for Chapter 11 bankruptcy protection, Judge Marvin Isgur of the US Bankruptcy Court in Houston approved $10M in financing for the asset manager despite his concerns regarding the mechanics of the loan. The emergency loan will come from National Founders LP.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to <\/span><em><a href=\"https:\/\/www.wsj.com\/articles\/asset-manager-gwg-wins-approval-to-tap-a-smaller-bankruptcy-loan-avoiding-liquidation-11650637603\"><span style=\"font-weight: 400;\">The Wall Street Journal<\/span><\/a><\/em><span style=\"font-weight: 400;\"> (WSJ), in court papers, GWG said it needed the money to avoid \u201cimminent liquidation.\u201d The Texas-based alternative asset firm owes about $1.6B in <\/span><a href=\"https:\/\/www.investorlawyers.com\/gwg-holdings-l-bonds.html\"><span style=\"font-weight: 400;\">L Bonds<\/span><\/a><span style=\"font-weight: 400;\">. Despite being illiquid and high-risk, these high-yield bonds were mainly marketed to individual investors by around 145 regional brokerage firms, including managing broker-dealer Emerson Equity. They earned high commissions of around 8% from the transactions.\u00a0<\/span><\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/gwg-holdings-l-bond-investors-loss\/\"  title=\"Continue Reading At Least 27,000 L Bond Investors Left At a Loss Following GWG Holdings\u2019 Bankruptcy Filing\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Despite Misgivings, Court Approves $10M Financing for Troubled GWG Holdings One day after GWG Holdings filed for Chapter 11 bankruptcy protection, Judge Marvin Isgur of the US Bankruptcy Court in Houston approved $10M in financing for the asset manager despite his concerns regarding the mechanics of the loan. The emergency loan will come from National [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":26812,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4693],"tags":[4684,4696,4685],"class_list":["post-26811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gwg-holdings","tag-gwg-holdings","tag-gwg-l-bonds","tag-l-bonds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>27,000 GWG Holdings L Bond Investors Left At A Loss<\/title>\n<meta name=\"description\" content=\"Approximately 27,000 investors of GWG Holding\u2019s L Bonds are now at a loss following the firm\u2019s bankruptcy filing. Learn more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/gwg-holdings-l-bond-investors-loss\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"27,000 GWG Holdings L Bond Investors Left At A Loss\" \/>\n<meta name=\"twitter:description\" content=\"Approximately 27,000 investors of GWG Holding\u2019s L Bonds are now at a loss following the firm\u2019s bankruptcy filing. 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Learn more.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/04\/hammer-719068_640-1.jpg","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/gwg-holdings-l-bond-investors-loss\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/gwg-holdings-l-bond-investors-loss\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"At Least 27,000 L Bond Investors Left At a Loss Following GWG Holdings\u2019 Bankruptcy Filing","datePublished":"2022-04-26T16:12:05+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/gwg-holdings-l-bond-investors-loss\/"},"wordCount":607,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/gwg-holdings-l-bond-investors-loss\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/04\/hammer-719068_640-1.jpg","keywords":["GWG Holdings","GWG L Bonds","L Bonds"],"articleSection":["GWG Holdings"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/gwg-holdings-l-bond-investors-loss\/","url":"https:\/\/www.investorlawyers.com\/blog\/gwg-holdings-l-bond-investors-loss\/","name":"27,000 GWG Holdings L Bond Investors Left At A Loss","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/gwg-holdings-l-bond-investors-loss\/#primaryimage"},"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/gwg-holdings-l-bond-investors-loss\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/04\/hammer-719068_640-1.jpg","datePublished":"2022-04-26T16:12:05+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Approximately 27,000 investors of GWG Holding\u2019s L Bonds are now at a loss following the firm\u2019s bankruptcy filing. Learn more.","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/gwg-holdings-l-bond-investors-loss\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/gwg-holdings-l-bond-investors-loss\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.investorlawyers.com\/blog\/gwg-holdings-l-bond-investors-loss\/#primaryimage","url":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/04\/hammer-719068_640-1.jpg","contentUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2022\/04\/hammer-719068_640-1.jpg","width":640,"height":480,"caption":"An image of a court gavel. 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