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28 Apr 2022, 7:15 am by Zamansky LLC
The post GWG Holdings Inc. and Its Subsidiaries File for Bankruptcy in Fallout from L Bond Disaster appeared first on Zamansky LLC. [read post]
27 Apr 2022, 9:59 am by The White Law Group
  In 2020, the company launched a new offering called the Liquidity Bond 2020, constituting secured debt of GWG Holdings, Inc. [read post]
26 Apr 2022, 1:57 pm by The White Law Group
The company sent out a notice to investors that it would take at least three to six weeks for the company to identify and consider alternatives. [read post]
26 Apr 2022, 12:23 pm by The White Law Group
  In 2020, the company launched a new offering called the Liquidity Bond 2020, constituting secured debt of GWG Holdings, Inc. [read post]
26 Apr 2022, 8:57 am by The White Law Group
  On April 20, 2022, GWG Holdings Inc., sponsor of GWG L Bonds, filed for Chapter 11 bankruptcy protection after months of uncertainty and disappointment for investors. [read post]
25 Apr 2022, 5:59 am by The White Law Group
   On April 20, 2022, GWG Holdings Inc., sponsor of GWG L Bonds, filed for Chapter 11 bankruptcy protection after months of uncertainty and disappointment for investors. [read post]
22 Apr 2022, 10:40 am by Shepherd Smith Edwards & Kantas, LLP
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. [read post]
21 Apr 2022, 1:40 pm by The White Law Group
  According to SEC filings, the company blames the Securities and Exchange Commission for its troubles, claiming that by investigating the sales practice of some of the 145 broker-dealer firms that sold the bonds, it harmed GWG’s reputation in the marketplace and prevented it from raising more capital through more GWG L bond sales. [read post]
21 Apr 2022, 12:52 pm by The White Law Group
”  In the filing, the company blames the Securities and Exchange Commission “for the company’s collapse,” claiming that SEC’s investigation of the company eventually included the sales practice of some of the 145 broker-dealer firms that sold the bonds. [read post]
1 Apr 2022, 4:09 pm by Iorio Altamirano
  The latest missed deadline comes after the company defaulted on its financial obligations to GWG L Bond investors earlier this year. [read post]