GWG Holdings to keep mediating over open Chapter 11 plan issues

By Sarah Lizee

Olympia, Wash., June 7 – GWG Holdings, Inc. is set to continue mediating over open issues regarding its Chapter 11 plan, according to a notice filed Tuesday with the U.S. Bankruptcy Court for the Southern District of Texas.

David. R. Jones is the mediator, as previously reported.

In December, the court ordered the company and a special committee of its board of directors to mediate with key stakeholders.

The debtors and special committee said the cases are “ripe for mediation” as a non-binding, cost-effective means of potentially resolving, or at least narrowing, open issues among themselves and key parties.

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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