FGMC Files For Chapter 11 Bankruptcy Protection – NMP


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.


Want to receive more content like this in your inbox?