FGMC Files For Chapter 11 Bankruptcy Protection – NMP

nationalmortgageprofessional.com

First Guaranty Mortgage Corp. (FGMC) and its affiliate, Maverick II Holdings LLC, filed for Chapter 11 bankruptcy protection today in the U.S. Bankruptcy Court for the District of Delaware, while also announcing it has “identified one or more potential partners” that can provide financial support. The bankruptcy filing comes just six days after FGMC laid off more than 400 people during a 10-minute virtual meeting online.

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