GWG prepping for bankruptcy: Sources
Investors in the $1.6 billion of bonds issued by GWG face dire consequence if the alternative asset manager files for bankruptcy.
GWG Holdings Inc. which sold $1.6 billion in bonds backed by life settlements through a network of independent broker-dealers, is getting ready to file for Chapter 11 bankruptcy protection, potentially as early as the middle of this week, according to sources.
GWG, an alternative asset manager t
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