{"id":5178,"date":"2017-12-04T15:42:48","date_gmt":"2017-12-04T20:42:48","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/?p=5178"},"modified":"2017-12-11T18:09:53","modified_gmt":"2017-12-11T23:09:53","slug":"woodbridge-group-companies-aka-woodbridge-wealth-declares-bankruptcy","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/woodbridge-group-companies-aka-woodbridge-wealth-declares-bankruptcy\/","title":{"rendered":"Woodbridge Group of Companies\u2019, aka Woodbridge Wealth, Declares Bankruptcy"},"content":{"rendered":"

\"Bahram<\/a>Sherman Oaks, California-based Woodbridge Group of Companies (\u201cWoodbridge Group\u201d) filed for chapter 11 bankruptcy amidst a Securities and Exchange Commission (the \u201cSEC\u201d) investigation. Woodbridge Group cited costs of expansion, litigation and a government fraud investigation as some of the reasons for filing for bankruptcy protection.<\/p>\n

According to court papers, Woodbridge Group raised $226 million from over 1,500 investors and owes approximately $750 million to an estimated 8,998 noteholders.\u00a0 In a Woodbridge Group press release, the company stated that the chapter 11 bankruptcy proceeding will be a debt recapitalization.<\/p>\n

Woodbridge Group\u2019s bankruptcy filing comes in light of what appears to be a rather contentious SEC investigation that has been going on for over a year.\u00a0 The SEC investigation concerns potential fraudulent sales of securities, according to court documents.\u00a0 The SEC has not brought any formal charges against Woodbridge Group yet.<\/p>\n

Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Sherman Oaks, California-based Woodbridge Group of Companies (\u201cWoodbridge Group\u201d) filed for chapter 11 bankruptcy amidst a Securities and Exchange Commission (the \u201cSEC\u201d) investigation. Woodbridge Group cited costs of expansion, litigation and a government fraud investigation as some of the reasons for filing for bankruptcy protection. According to court papers, Woodbridge Group raised $226 million from […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[578],"tags":[706,707,708],"class_list":["post-5178","post","type-post","status-publish","format-standard","hentry","category-all-releases","tag-robert-shapiro","tag-woodbridge-structured-funding","tag-woodbridge-wealth"],"yoast_head":"\nWoodbridge Group of Companies\u2019, aka Woodbridge Wealth, Declares Bankruptcy<\/title>\n<meta name=\"description\" content=\"Contact our experienced securities law firm if you have invested with Woodbridge Wealth or Woodbridge Group. We may be able to recover some of your losses.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/woodbridge-group-companies-aka-woodbridge-wealth-declares-bankruptcy\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Woodbridge Group of Companies\u2019, aka Woodbridge Wealth, Declares Bankruptcy\" \/>\n<meta name=\"twitter:description\" content=\"Contact our experienced securities law firm if you have invested with Woodbridge Wealth or Woodbridge Group. We may be able to recover some of your losses.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Bahram-Mirhashemi-Facing-Allegations-of-Elder-Financial-Fraud.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Woodbridge Group of Companies\u2019, aka Woodbridge Wealth, Declares Bankruptcy","description":"Contact our experienced securities law firm if you have invested with Woodbridge Wealth or Woodbridge Group. 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