JG Wentworth Life Settlements in trouble
J G Wentworth Life Settlements a large purchaser or Small Face Policies, and Lower face value settlements is now in bankruptcy protection.
Read a clip over at Life Settlement Info:
Life Settlement Funder Bankruptcy
J G was very active in the small face policies and were quick to make offers with limited amount of information. (If I remember right they never required a third party life expectancy). I havent’ reviewed the full bankruptcy protection documents, but they are reorganizing and still operating their business.
I am not sure if you have current contracts with them to purchase a policy if they will still close. I am sure they will be re-examining these pending cases on a case by case basis.
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