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J.G. Wentworth gets $100M in new funds
J.G. Wentworth Inc., a Bryn Mawr finance company, said it had completed a speedy trip through bankruptcy reorganization, emerging with $370 million less debt and an infusion of $100 million in new capital.
J.G. Wentworth Inc., a Bryn Mawr finance company, said it had completed a speedy trip through bankruptcy reorganization, emerging with $370 million less debt and an infusion of $100 million in new capital.
The company, which pays people discounted lump sums for settlements that would otherwise be paid out over a number of years, filed for a pre-arranged Chapter 11 bankruptcy on May 19. It employs 70 in Bryn Mawr. - Harold Brubaker