On April 2, 2025, the GWG Wind Down Trust filed its status report with the United States Bankruptcy Court for the Southern District of Texas, providing crucial updates for GWG L Bond investors. This report details the Trust’s activities for the quarter and year ending December 31, 2024, revealing that…
**Updated: April 8, 2025** According to court filings, the GWG Litigation Trustee estimates that approximately $59.8 million of the $91.3 million in proposed settlements would be distributed to the GWG Wind Down Trust. The settlements require court approval. The $59.8 million in estimated net settlement proceeds represents about 3.69% of…
On April 21, 2023, United States Bankruptcy Judge Marvin Isgur approved GWG’s Disclosure Statement that will be sent to creditors to vote on GWG’s Chapter 11 Plan (the “Plan”). The approval of the Disclosure Statement comes one year and one day after GWG filed for Chapter 11 bankruptcy protection in…