The bankruptcy hearing for annuity and life policy purchaser JG Wentworth is set for Monday, June 1. The company filed for Chapter 11 bankruptcy protection on Tuesday.
Subsidiaries of JG Wentworth are continuing to operate unaffected. The hearing should allow for a $100 million injection of new equity to support operations.
If you are considering bankruptcy, contact the Galveston bankruptcy attorneys of Gipson, Norman & Root at 409-765-6000.
