Can I Recover My GWG Bankruptcy Losses?
Are you wondering if you can recover your GWG bankruptcy losses? You may be wondering, "Can I recover my losses from the GWG?" If so, you are not alone. Many investors suffered significant losses in GWG L Bonds. But there is hope. In February 2022, Silver Law Group filed a class action lawsuit against GWG Holdings and the two principals. The lawsuit alleges violations of federal securities laws. The lawsuit seeks to recover significant losses and damages from GWG Holdings.

Before filing a case, you should understand the company's financial position. GWG Holdings issued L Bonds, which pooled investors' money to buy life insurance policies. The payouts from those policies were used to repay bond investors. During GWG Bankruptcy, the company has more than $1.6 billion of outstanding L Bonds. Most of these bonds were sold by regional broker-dealers.

If you purchased a GWG L Bond and were unable to recover it, you may still be able to recover your losses through a FINRA arbitration. The filing of the bankruptcy case means that any potential claims against GWG will have to be brought through the bankruptcy court. As a result, GWG L Bond investors will suffer a significant loss. However, the filing will not prevent you from filing a FINRA arbitration claim against your broker or financial advisor for negligent advice.

Investors who lost money in GWG Holdings should contact an attorney immediately. A lawsuit will not resolve the case quickly and will not yield the best possible outcome. Nevertheless, arbitration may be a faster and more effective way to recover your money. A lawyer can provide advice and assist you with this important decision. A good attorney will guide you in the entire process. And the sooner you start the process, the better.

In April 2022, GWG Holdings filed for Chapter 11 bankruptcy. Since then, the company has not paid its L Bonds. However, it did halt the sale of its L Bonds, and has engaged a restructuring advisor to examine its financial obligations. In January 2022, the company failed to make interest payments to L bondholders and the SEC is investigating the matter. However, there is still hope for investors who have lost money in GWG L Bonds.

Investors who purchased GWG L Bonds may also be eligible to recover their losses through the FINRA arbitration process. FINRA requires brokers to conduct due diligence before recommending an investment. Furthermore, they must disclose all risks associated with an investment, such as the ones presented by GWG L Bonds. In fact, these investments are highly risky. This makes them unsuitable for most investors. Fortunately, the securities laws have made it easier for investors to file a claim.

If you purchased GWG L Bonds, you can recover your losses if you were advised to buy them. You may be entitled to up to 30% of your investment value. This is a huge amount of money. However, if you are able to recover even half of your losses, you could potentially get more. The company did not do due diligence, which makes it eligible for an arbitration claim.