GWG HOLDINGS, INC. GWG Holdings, Inc. filed a joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on December 1, 2022. As per the plan filed, administration claims, professional compensation claims, priority tax claims, other priority claims, existing DIP claims, Vida DIP Claims, other secured claims will be paid in full in cash. Bond claims will be paid on pro rata basis in equity and cash.
General Unsecured Claims shall be paid in full in equity. GUC Convenience Claims will be recovered in full in cash. Intercompany Claims shall be transferred, and Intercompany Interests shall be cancelled.
Series 1 Preferred Interests and Series 2 Preferred Interests will be paid in full in equity. Common Stock in GWGH will be pai don pro rata basis in equity. The plan shall be funded through cash in hand and issuance of new common stock, new series A, B, C, D preferred stock.
