GWG is in Chapter 11 Bankruptcy in the Southern District of Texas (Cases 22-90032 and 90033). Until the bankruptcies conclude, no one has lost any money on L bonds. According to filings in the court L bonds have priority over other claims and it is likely they will be paid. Also, they do not mature until 2025 so, at this point, only the interest payments are due. I am a client of Whitaker and a holder of L bonds.
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