Filing for bankruptcy is usually the last recourse of companies. While this act does not free them from their financial obligations, companies may still find some benefits from it. J.G. Wentworth bankruptcy resulted from the financial crisis that America was facing in 2009. The economy’s recession has resulted in tightened credit market and J.G. Wentworth has no alternative but to file for Chapter 11 bankruptcy petition.
But J.G. Wentworth bankruptcy did not stop the company from fulfilling their obligations to their consumers. What’s more, they do everything to make sure that everyone will be compensated. Filing for bankruptcy is their way of rebuilding the company and increasing their financial standing without worrying about foreclosure. With their bankruptcy plan, the company was able to come out debt free. While they are still responsible for some payments, this will be in a more manageable plan. Today, J.G. Wentworth was able to rise from their financial crisis. The company is now the nation’s largest purchaser of deferred payments. The company offers lump sum cash payment for individuals who hold assets in the form of structured settlements. The company is now working under an unparalleled infrastructure at Bryn Mawr, Pennsylvania with a highly enthusiastic workforce and is backed with billion dollars in total assets backing annuities and structured settlement payments.
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Rumors are circulating about J.G. Wentworth lawsuit which the company denied as these are baseless. The company looked at this as the result of the stiff competition on the financial services industry. Rather than focus on their detractors, the company moves ahead to improve the quality of their services to their loyal clientele.
J.G. Wentworth lawsuit funding is backed by trillion in assets which allow them to give the maximum payouts. This has resulted in increased number of people turning to J.G. Wentworth for their immediate financial needs. It also didn’t helped that the company’s television commercials are well-received by consumers. For the last 15 years, the company continued to improve on their sales and marketing techniques, strong credit and underwriting culture, propriety technology and employing only highly skilled and enthusiastic account representatives. As the market for financial services evolved, the company strives to serve their consumers better because they understand the issues and challenges that they are currently facing. With the recession and the downward spiral of the country’s economy, as well as the natural calamities that beset the country, more and more people are finding themselves out of their homes and their jobs, and they have mounting debts to face. Instead of focusing on these lawsuit rumors, the company focused more on how they can serve ordinary Americans from their dire financial needs. The lump sum cash that they will get from the company will be enough for them to restart their lives.