Reorganization
During the financial crisis of 2009, the firm known as JGW Holdco LLC and two of its subsidiaries, J.G. Wentworth LLC and J.G. Wentworth Inc., entered Chapter 11 bankruptcy protection after the company "encountered liquidity problems amid a tightening credit market".
Less than six months later, parent company JLL Partners of New York invested $100 million in the firm. Subsequently, J.G. Wentworth began hiring new staff at corporate headquarters located in Bryn Mawr, Pennsylvania. Since the crisis, JGW has since increased staff to 178 employees.
Read more about this topic: J.G. Wentworth