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Published on 5/9/2022 in the Prospect News Distressed Debt Daily.

GWG trustee appoints bondholder committee for Chapter 11 case

Chicago, May 9 – GWG Holdings, Inc.’s Chapter 11 case has had a committee of bondholders appointed by Region 7 U.S. trustee Kevin M. Epstein, according to a notice filed with the U.S. Bankruptcy Court for the Southern District of Texas.

The members are Bank of Utah, Thomas Horton of Park City, Utah, Nilos T. Sakellariou of Annapolis, Md., Donald W. Rhodes of New Albany, Ind., Matthew Pearce of Alameda, Calif., Ali Danesh of Woodland Hills, Calif. and Frank S. Moore of San Francisco.

The first meeting of the official committee will be held on Tuesday.

GWG is a life insurance company based in Dallas. The company filed bankruptcy on April 20 under Chapter 11 case number 22-90032.


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