GWG HOLDINGS, INC. Bankruptcy Filing
Case Number: 22-90032
GWG HOLDINGS, INC. filed a 11 chapter bankruptcy in the Southern District of Texas bankruptcy court on April 20, 2022. This is a voluntary filing; it was assigned the bankruptcy case number #22-90032.
GWG HOLDINGS, INC. Filing Information
The bankruptcy petition for GWG HOLDINGS, INC. showed assets in the range of more than $1B with liabilities in the range of more than $1B. GWG HOLDINGS, INC. reports that the number of creditors is in the range of 25,001- 50,000.
The debtor indicated their nature of business as 'None of the Above'. The nature of business option is fairly limited; most companies will chose 'None of the Above'. The options include: 'Health Care Business', 'Single Asset Real Estate', 'Railroad', 'Stockbroker', 'Commodity Broker', 'Clearing Bank', or 'None of the Above'.
GWG HOLDINGS, INC. indicated on its bankruptcy petition that it does not expect there will be sufficient assets in the estate to make a payment to the unsecured creditors. This is a bad sign for creditors as it implies that no recovery is likely.
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GWG HOLDINGS, INC. Docket Header
PlnDue, DsclsDue, COMPLX, LEAD, COMPLX |
Southern District of Texas (Houston)
Bankruptcy Petition #: 22-90032
Assigned to: Bankruptcy Judge Marvin Isgur Chapter 11 Voluntary Asset |
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| Debtor GWG Holdings, Inc. 325 N. St. Paul Street Suite 2650 Dallas, TX 75201 DALLAS-TX Tax ID / EIN: 26-2222607 fka GWG Holdings LLC |
rep. by |
Charles Stephen Kelley
Mayer Brown LLP 700 Louisiana St. Ste 3400 Houston, TX 77002 713-238-2634 Fax : 713-238-4634 Email: ckelley @ mayerbrown.com |
| Debtor GWG Life, LLC 325 N. St. Paul Street Suite 2650 Dallas, TX 75201 DALLAS-TX Tax ID / EIN: 20-4356955 |
rep. by |
Charles Stephen Kelley
(See above for address) |
| Debtor GWG Life USA, LLC 325 N. St. Paul Street Suite 2650 Dallas, TX 75201 DALLAS-TX Tax ID / EIN: 32-0455538 |
rep. by |
Charles Stephen Kelley
(See above for address) |
| U.S. Trustee US Trustee Office of the US Trustee 515 Rusk Ave Ste 3516 Houston, TX 77002 |
rep. by | Hector Duran, Jr
U.S. Trustee 515 Rusk Ste 3516 Houston, Tx 77002 7137184650 Email: Hector.Duran.Jr @ usdoj.gov |