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GWG Holdings reports $89.74 million net loss for December
By Sarah Lizee
Olympia, Wash., Jan. 23 – GWG Holdings, Inc. and affiliated debtors reported an $89.74 million net loss for December on $22.95 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 debtors had a cash balance of $67.76 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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