What Happened To Jg Wentworth, JG Wentworth was a well-known financial services company that specialized in purchasing structured, General, what-happened-to-jg-wentworth, JPOSE
JG Wentworth was a well-known financial services company that specialized in purchasing structured settlements, annuities, and lottery winnings. It was founded in 1991 and quickly became a household name, thanks to its catchy commercial jingle, "It's my money and I need it now!"
However, in recent years, JG Wentworth has faced financial struggles and has undergone several changes in ownership. In 2015, the company was acquired by private equity firm JLL Partners and became a privately held company. Then, in 2017, JG Wentworth filed for bankruptcy, citing a decline in its business due to changes in the regulatory environment and increased competition.
Despite the bankruptcy filing, JG Wentworth continued to operate and restructured its debt. However, in 2020, the company faced another setback when it was acquired by a new owner, Peachtree Financial Solutions. The acquisition resulted in the layoffs of a significant number of JG Wentworth employees.
Currently, JG Wentworth is still operating under the ownership of Peachtree Financial Solutions. The company still offers its services to customers looking to sell their structured settlements, annuities, or lottery winnings, but its reputation has been tarnished by its financial struggles and changes in ownership.
In conclusion, JG Wentworth was once a prominent player in the financial services industry, but it has faced significant challenges in recent years. While the company is still operating, its reputation has been damaged, and it remains to be seen whether it can regain its former status as a leader in the industry.