Two weeks after filing for Chapter 11 bankruptcy protection, JG Wentworth's plan to reorganize has been approved by a Delaware bankruptcy court judge. The company had to lay off 120 of its 200 employees in December.

Now, JG Wentworth's parent company, JLL Partners of New York, is set to invest $100 million in new equity for the company's ongoing operations. JLL will also provide up to $35 million for buying loans from lenders.

If you are considering bankruptcy, contact the Austin bankruptcy attorneys of Slater Kennon LLP at 512-338-1100.