by Structured Settlement Watchdog
Moody’s concluded October 26, 2016 that the JGW-Peachtree Company has “no tangible capital, with a tangible equity deficit representing -1% of tangible assets, as well as weak profitability.” , according to a press release issued in the name of Marc Hermes of Liberty Settlement Funding of Ft Lauderdale .
The press release whines that "J.G. WENTWORTH – PEACHTREE FINANCIAL CRISIS KILLS HOPE OF CASH NOW FOR SETTLEMENT SELLERS AS THE COMPANY’S ACCESS TO CASH DRIES UP"
I've got to hand it to Marc Hermes from Liberty Settlement Funding. The man has chutzpah. The press release lists
as being issued in Radnor PA, concerning JG Wentworth Peachtree, naming Hermes (a competitor) as the media contact as follows, that but for his email address, would give anyone without specific knowledge, the misguided impression that Marc Hermes is a representative of JG Wentworth Peachtree. Is he now?