GWG Holdings Files for Chapter 11 Insolvency

The company filed for insolvency in the US Bankruptcy Court for the Southern District of Texas.┬áReuters┬áreported that GWG is $2 billion in debt, which includes $1.6 billion in outstanding bonds. The firm had also specified taking a $65 million loan from National Founders LP to fund its operations as it goes through the bankruptcy process.… Continue reading GWG Holdings Files for Chapter 11 Insolvency