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GWG Holdings reports $20.52 million net loss for September
By Sarah Lizee
Olympia, Wash., Oct. 24 – GWG Holdings, Inc. reported a $20.52 million net loss for September on $3.57 million of gross income/sales, according to its monthly operating report filed with the U.S. Bankruptcy Court for the Southern District of Texas.
The company listed a cash balance of $4.38 million at the end of the month.
GWG is a life insurance company based in Dallas. The company filed bankruptcy on April 20, 2022 under Chapter 11 case number 22-90032.
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