Today's Philadelphia Inquirer suggests that that J.G. Wentworth's grim reaper may be nigh on Christmas Eve. 
Joseph N. DiStefano reports:
"J.G. Wentworth Inc., Bryn Mawr, has cut its payroll two-thirds as it
fights to stay in business.
Most of the cuts followed last month's downgrading of Wentworth's "corporate
family" credit rating to "Caa1."
The cuts reduced Wentworth's staffing to 80, compared with the 250 it
employed last year. They also enabled Wentworth to regain its investment-grade
credit rating. The firm, which buys legal settlements and annuities at a
discount from people who don't feel they can wait, on Monday sold $74.6 million
in notes, backed by structured settlements and annuities. Deutsche Bank
AG and Jeffries & Co Inc. closed the sale to yield 8 percent".
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