To ensure the finances in the old days each person will then purchase an annuity as a source of income for their old age. Of course, annuities are a great way to prepare for unexpected expenses as long as they live life in the future. However, real life is not always in line with plans that have been made where the changes in financial condition may occur at any time and eventually an annuity that has been purchased to be sold again. You may request assistance from JG Wentworth to withdraw your annuity so that you get cash to meet your financial needs. You do not need to doubt the credibility of which is owned by JG Wentworth because you will get JG Wentworth Reviews excellent from various official sources that can be found.
JG Wentworth is a financial services company that has stood since 1991 and headquartered at 40 Morris Avenue, Bryn Mawr, PA 19010. You will be assisted by professional staff who will serve you with friendly. You can contact the free phone or you can access via the Internet for 24 hours where you can find more detailed information about this company. If you decide to ask for help JG Wentworth then you can fill out the form to determine how much money you need. Next you will get answers to some of the cash option you choose. If you’ve determined your choice then you must sign a contract and then you will receive cash. The procedure will you live is not complicated and very simple so that you will get cash in quick time.
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J.G. Wentworth, the industry’s largest financial services firm specializing in purchasing structured settlements and life insurance policies filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court in Delaware. J.G. Wentworth bankruptcy decision came after the company faced some significant challenges due to the well-published disruption of asset-backed securities market. 90% of the company’s shareholders approved the move as it will allow the company to substantially reduce their debt load. The company also sought acceptance of its plan from its lenders before they filed a prepackaged filing, which they consented. The company announced though that consumers completing their transactions at J.G. Wentworth will not be affected along with their vendors.
But the J.G. Wentworth bankruptcy crisis has affected its employees as they terminated 120 of their 200 employees and they closed their Las Vegas office. The company has felt the sting of the inefficient securitization market and the increase in the cost of funds. J.G. Wentworth is owned by the New York-based private equity firm, JLL Partners and has moved from Philadelphia to Bryn Mawr, Pennsylvania in 2003. As part of the company’s reorganization plan, JLL Partners invested $100 million of new equity to support the company’s ongoing operations. The company also secured a commitment from their lenders to supplement their working capital and to provide adequate liquidity during the proceedings. Today, J.G. Wentworth continued to operate and has since hired new employees, completed $212 million securitization, and is now entering into a new venture, reverse mortgage loans.