{"id":546,"date":"2022-04-25T17:10:11","date_gmt":"2022-04-25T22:10:11","guid":{"rendered":"https:\/\/gwglawsuit.com\/?p=546"},"modified":"2022-04-25T17:10:32","modified_gmt":"2022-04-25T22:10:32","slug":"gwg-holdings-files-for-chapter-11-insolvency","status":"publish","type":"post","link":"https:\/\/gwglawsuit.com\/index.php\/2022\/04\/25\/gwg-holdings-files-for-chapter-11-insolvency\/","title":{"rendered":"GWG Holdings Files for Chapter 11 Insolvency"},"content":{"rendered":"\n<p>The company filed for insolvency in the US Bankruptcy Court for the Southern District of Texas.\u00a0<em>Reuters\u00a0<\/em>reported 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.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>In a statement, GWG CEO Murray Holland said that the insolvency procedure is \u201cexpected to strengthen the company\u2019s financial position going forward and help preserve the value of the company\u2019s assets for the benefit of its investors.\u201d<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Read the full article on: <a href=\"https:\/\/www.insurancebusinessmag.com\/us\/news\/breaking-news\/gwg-holdings-files-for-chapter-11-insolvency-403222.aspx\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.insurancebusinessmag.com\/us\/news\/breaking-news\/gwg-holdings-files-for-chapter-11-insolvency-403222.aspx <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company filed for insolvency in the US Bankruptcy Court for the Southern District of Texas.\u00a0Reuters\u00a0reported 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.&hellip; <a class=\"more-link\" href=\"https:\/\/gwglawsuit.com\/index.php\/2022\/04\/25\/gwg-holdings-files-for-chapter-11-insolvency\/\">Continue reading <span class=\"screen-reader-text\">GWG Holdings Files for Chapter 11 Insolvency<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/gwglawsuit.com\/index.php\/wp-json\/wp\/v2\/posts\/546"}],"collection":[{"href":"https:\/\/gwglawsuit.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gwglawsuit.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gwglawsuit.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gwglawsuit.com\/index.php\/wp-json\/wp\/v2\/comments?post=546"}],"version-history":[{"count":2,"href":"https:\/\/gwglawsuit.com\/index.php\/wp-json\/wp\/v2\/posts\/546\/revisions"}],"predecessor-version":[{"id":548,"href":"https:\/\/gwglawsuit.com\/index.php\/wp-json\/wp\/v2\/posts\/546\/revisions\/548"}],"wp:attachment":[{"href":"https:\/\/gwglawsuit.com\/index.php\/wp-json\/wp\/v2\/media?parent=546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gwglawsuit.com\/index.php\/wp-json\/wp\/v2\/categories?post=546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gwglawsuit.com\/index.php\/wp-json\/wp\/v2\/tags?post=546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}