10-Q/A

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q/A

(Amendment No. 1)

(Mark One)

xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2013

or

oTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from            to           

Commission File Number: 001-36170

JGWPT HOLDINGS INC.

(Exact name of registrant as specified in its charter)

Delaware	46-3037859
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
201 King of Prussia Road, Suite 501 Radnor, Pennsylvania	19087
(Address of principal executive offices)	(Zip Code)

(484) 434-2300

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities and Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  o Yes  x  No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  o Yes  o  No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, non-accelerated filer or a smaller reporting company. See definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer o	Accelerated filer o
Non-accelerated filer x	Smaller reporting company o

Indicate by check mark whether the registrant is a shell company (as defined in rule 12b-2 of the Exchange Act).  o  Yes  x  No

At December 18, 2013, there were 11,220,358 shares of Class A common stock, par value $0.00001 per share, outstanding.

EXPLANATORY NOTE

JGWPT Holdings Inc., a Delaware corporation (the “Company”), is filing this Amendment No. 1 on Form 10-Q/A (the “Amended Filing”) to our Quarterly Report on Form 10-Q for the quarter ended September 30, 2013, originally filed with the Securities and Exchange Commission (the “SEC”) on December 23, 2013 (the “Original Filing”), for the purposes of (i) furnishing the Interactive Data Files as Exhibit 101 in accordance with Rule 405(a)(2) of Regulation S-T and (ii) amending the indication on the front cover of the Form 10-Q to reflect that the Company is a “non-accelerated filer,” rather than an “accelerated filer” as incorrectly indicated on the Original Filing. Except as described above, no other changes have been made to the Original Filing. In addition, as required by Rule 12b-15 under the Securities Exchange Act of 1934, new certifications by our Principal Executive Officer, and Principal Financial Officer and Principal Accounting Officer are filed as Exhibits 31.1, 31.2, 32.1 and 32.2.

This Amended Filing does not reflect events that occurred after the Original Filing or modify or update those disclosures affected by subsequent events. This Amended Filing should be read in conjunction with the Original Filing and the Company’s other filings made with the SEC subsequent to the filing of the Original Filing.

1

Item 6.Exhibits

Exhibit 1.1	Underwriting Agreement, dated as of November 8, 2013, by and among JGWPT Holdings Inc., J.G. Wentworth, LLC, JGWPT Holdings, LLC and Barclays Capital Inc. and Credit Suisse Securities (USA) LLC, as representatives of the underwriters named therein.*
Exhibit 3.1	Amended and Restated Certificate of Incorporation of JGWPT Holdings Inc.*
Exhibit 3.2	Amended and Restated Bylaws of JGWPT Holdings Inc.*
Exhibit 4.1	Warrant Certificate No. 1, issued to PGHI Corp. on November 14, 2013.*
Exhibit 4.2	Warrant Certificate No. 2, issued to PGHI Corp. on November 14, 2013.*
Exhibit 4.3	Registration Rights Agreement, dated as of November 14, 2013, by and among JGWPT Holdings Inc., JLL JGW Distribution, LLC and JGW Holdco, LLC and the other stockholders signatory thereto.*
Exhibit 4.4	Voting Agreement, dated as of November 14, 2013, by and among JLL JGW Distribution, LLC, JGW Holdco, LLC, PGHI Corp., and the other stockholders named therein.*
Exhibit 4.5	Director Designation Agreement, dated as of November 14, 2013, by and among JGWPT Holdings Inc., JLL JGW Distribution, LLC, JGW Holdco, LLC and PGHI Corp.*
Exhibit 9.1	Voting Trust Agreement, dated as of November 14, 2013, by and among JGWPT Holdings Inc., the trustees named therein, and the stockholders named therein.*
Exhibit 10.1	Amended and Restated Limited Liability Company Agreement, dated as of November 13, 2013, of JGWPT Holdings, LLC.*
Exhibit 10.2	Tax Receivable Agreement, dated as of November 14, 2013, by and among JGWPT Holdings Inc., JLL JGW Distribution LLC, JGW Holdco, LLC, Candlewood Special Situations Fund L.P., R3 Capital Partners Master, L.P., The Royal Bank of Scotland PLC, DLJ Merchant Banking Funding, Inc., PGHI Corp., David Miller, Randi Sellari, and Stefano Sola and, to the extent described therein, JLL Fund V AIF II, L.P. and the shareholders of PGHI Corp.*
Exhibit 31.1	Chief Executive Officer—Certification pursuant to Rules 13a-14(a) (17 CFR 240.13a-14a(a)) and 15d-14(a) (17 CFR 240.15d-14(a)).
Exhibit 31.2	Chief Financial Officer—Certification pursuant to Rules 13a-14(a) (17 CFR 240.13a-14a(a)) and 15d-14(a) (17 CFR 240.15d-14(a)).
Exhibit 32.1	Chief Executive Officer—Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C Section 1350.
Exhibit 32.2	Chief Financial Officer—Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C Section 1350.

101.INS	XBRL Instance Document.
101.SCH	XBRL Taxonomy Extension Schema Document.
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB	XBRL Taxonomy Extension Labels Linkbase Document.
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document.

* Previously filed as an exhibit to the Quarterly Report on Form 10-Q of JGWPT Holdings Inc. (File No. 001-36170), as filed with the SEC on December 23, 2013.

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	JGWPT Holdings Inc.
January 22, 2014	By:	/s/ David Miller
		David Miller
		Chief Executive Officer and Director
January 22, 2014	By:	/s/ John Schwab
		John Schwab
		Chief Financial Officer

3

EX-31.1

EXHIBIT 31.1

CERTIFICATION

I, David Miller, certify that:

1.I have reviewed this Amendment No. 1 to Quarterly Report on Form 10-Q/A of JGWPT Holdings Inc.;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have:

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(c)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

(a)All significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.

Date: January 22, 2014
	/s/ David Miller
	David Miller
	Chief Executive Officer
	(Principal Executive Officer)

EX-31.2

EXHIBIT 31.2

CERTIFICATION

I, John Schwab, certify that:

1.I have reviewed this Amendment No. 1 to Quarterly Report on Form 10-Q/A of JGWPT Holdings Inc.;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have:

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(c)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

(a)All significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.

Date: January 22, 2014
	/s/ John Schwab
	John Schwab
	Chief Financial Officer
	(Principal Financial Officer)

EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. 1350

(SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002)

I, David Miller, Chief Executive Officer of JGWPT Holdings Inc. (the “Company”), certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350, that, to the best of my knowledge:

(1) the Amendment No. 1 to Quarterly Report on Form 10-Q/A of the Company for the quarterly period ended September 30, 2013 (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: January 22, 2014	/s/ David Miller
	David Miller
	Chief Executive Officer
	(Principal Executive Officer)

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.2

EXHIBIT 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. 1350

(SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002)

I, John Schwab, Chief Financial Officer of JGWPT Holdings Inc. (the “Company”), certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350, that, to the best of my knowledge:

(1) the Amendment No. 1 to Quarterly Report on Form 10-Q/A of the Company for the quarterly period ended September 30, 2013 (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: January 22, 2014	/s/ John Schwab
	John Schwab
	Chief Financial Officer
	(Principal Financial Officer)

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

XML

VIE Long-Term Debt (Tables) (Predecessor)

9 Months Ended

Sep. 30, 2013

Predecessor

Schedule of VIE long-term debt

	December 31, 2012		September 30, 2013
PLMT Permanent Facility	$	50,008	$	48,241
Residual Term Facility	70,000		69,560
Long-Term Presettlement Facility	20,289		13,861
2012-A Facility	2,463		2,319
LCSS Facility (2010-C)	12,880		12,880
LCSS Facility (2010-D)	7,159		7,159
	$	162,799	$	154,020

XML

VIE and Other Finance Receivables, net of Allowance for Losses (Details 2) (Predecessor, USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2012
Long-term presettlement facility
Encumbrances on financing receivable
Amount of debt	$ 45,100	$ 45,100
Long-term facility
Encumbrances on financing receivable
Amount of debt	2,400	2,400
VIE and Other Finance Receivables, net
Encumbrances on financing receivable
Total VIE finance receivables, net of allowances	117,963	128,737
Not encumbered	15,542	21,616
Finance receivables, net	133,505	150,353	153,194
VIE and Other Finance Receivables, net | VIE securitization debt
Encumbrances on financing receivable
Total VIE finance receivables, net of allowances	79,193	80,826
VIE and Other Finance Receivables, net | Credit facility
Encumbrances on financing receivable
Finance receivables, net	45,534		54,185
VIE and Other Finance Receivables, net | Long-term presettlement facility
Encumbrances on financing receivable
Total VIE finance receivables, net of allowances	12,775	19,389
VIE and Other Finance Receivables, net | Long-term facility
Encumbrances on financing receivable
Total VIE finance receivables, net of allowances	2,532	2,663
Peach One | Credit facility
Encumbrances on financing receivable
Maximum borrowing capacity	40,000	40,000
Peach One | VIE and Other Finance Receivables, net | Credit facility
Encumbrances on financing receivable
Total VIE finance receivables, net of allowances	$ 23,463	$ 25,859

XML

Fair Value Measurements (Details 3) (Predecessor, USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Changes in assets
Balance at the beginning of the period	$ 3,624,986	$ 3,060,069
Total gains (losses) included in earnings / losses	197,407	346,229
Total gains (losses) included in other comprehensive gain	502	279
Purchases	300,452	259,005
Premiums paid	241	935
Sales		(4,364)
Lapsed policies	0
Interest accreted	107,784	111,798
Payments received	(324,683)	(307,174)
Maturities	(51)
Asset distribution	(11,507)
Transfers in and/or out of Level 3	0
Balance at the end of the period	3,895,131	3,466,777
Amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held at the end of the period	197,460	346,023
VIE and other finance receivables, at fair market value
Changes in assets
Balance at the beginning of the period	3,615,188	3,041,090
Total gains (losses) included in earnings / losses	197,429	346,746
Purchases	300,452	259,005
Sales	0	(447)
Lapsed policies	0
Interest accreted	107,784	111,798
Payments received	(322,345)	(303,721)
Asset distribution	(9,615)
Balance at the end of the period	3,888,893	3,454,471
Amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held at the end of the period	197,429	346,155
Life settlement contracts, at fair market value
Changes in assets
Balance at the beginning of the period	1,724	6,214
Total gains (losses) included in earnings / losses	(22)	(517)
Premiums paid	241	935
Sales	0	(3,917)
Lapsed policies	0
Maturities	(51)
Asset distribution	(1,892)
Balance at the end of the period		2,715
Amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held at the end of the period	31	(132)
Notes receivable, at fair market value
Changes in assets
Balance at the beginning of the period	8,074	12,765
Total gains (losses) included in other comprehensive gain	502	279
Lapsed policies	0
Payments received	(2,338)	(3,453)
Balance at the end of the period	$ 6,238	$ 9,591

XML

VIE and Other Finance Receivables, net of Allowance for Losses (Details 3) (Predecessor, VIE and Other Finance Receivables, net, USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Activity in the allowance for losses
Balance at beginning of period	$ (6,757)	$ (2,508)	$ (4,650)	$ (1,021)
Provision for loss	(1,690)	(341)	(4,374)	(1,887)
Charge-offs	1,149	151	1,769	337
Recoveries	(85)	(553)	(128)	(680)
Balance at end of period	(7,383)	(3,251)	(7,383)	(3,251)
Individually evaluated for impairment	(2,141)	(645)	(2,141)	(645)
Collectively evaluated for impairment	(5,242)	(2,606)	(5,242)	(2,606)
Individually evaluated for impairment	88,288	91,187	88,288	91,187
Collectively evaluated for impairment	45,217	62,007	45,217	62,007
Finance receivables, net	133,505	153,194	133,505	153,194	150,353
Structured settlements and annuities
Activity in the allowance for losses
Balance at beginning of period	(182)	(381)	(181)	(345)
Provision for loss	51		(88)	(26)
Charge-offs	85	49	224	75
Recoveries			(1)	(36)
Balance at end of period	(46)	(332)	(46)	(332)
Individually evaluated for impairment	(46)	(332)	(46)	(332)
Individually evaluated for impairment	26,042	24,987	26,042	24,987
Finance receivables, net	26,042	24,987	26,042	24,987
Lottery
Activity in the allowance for losses
Balance at beginning of period		(1)	(6)	(1)
Provision for loss	85	55	96	(48)
Charge-offs		18	35	139
Recoveries	(85)	(72)	(125)	(90)
Individually evaluated for impairment	59,732	65,764	59,732	65,764
Finance receivables, net	59,732	65,764	59,732	65,764
Pre-settlement funding transactions
Activity in the allowance for losses
Balance at beginning of period	(6,282)	(1,644)	(4,194)	(670)
Provision for loss	(1,836)	(504)	(4,370)	(1,522)
Charge-offs	1,064	65	1,510	109
Recoveries		(479)		(479)
Balance at end of period	(7,054)	(2,562)	(7,054)	(2,562)
Individually evaluated for impairment	(2,095)	(313)	(2,095)	(313)
Collectively evaluated for impairment	(4,959)	(2,249)	(4,959)	(2,249)
Individually evaluated for impairment	2,514	436	2,514	436
Collectively evaluated for impairment	43,020	53,749	43,020	53,749
Impaired financing receivable	3,453		3,453		2,521
Assessment period to determine whether there are any case specific concerns that need to be addressed and included in the allowance for losses on finance receivables			120 days
Life insurance premium financing
Activity in the allowance for losses
Provision for loss		2	2	75
Charge-offs	0
Recoveries		(2)	(2)	(75)
Collectively evaluated for impairment		4,800		4,800
Finance receivables, net		4,800		4,800
Attorney cost financing
Activity in the allowance for losses
Balance at beginning of period	(293)	(482)	(269)	(5)
Provision for loss	10	106	(14)	(366)
Charge-offs		19		14
Balance at end of period	(283)	(357)	(283)	(357)
Collectively evaluated for impairment	(283)	(357)	(283)	(357)
Collectively evaluated for impairment	2,197	3,458	2,197	3,458
Finance receivables, net	2,197	3,458	2,197	3,458
Impaired financing receivable	$ 0		$ 0		$ 0
Pre-settlement advances and attorney cost financing
Activity in the allowance for losses
Minimum term of financing receivable			1 year

XML

Fair Value Measurements (Details) (Predecessor, USD $) In Thousands, unless otherwise specified	9 Months Ended		12 Months Ended
	Sep. 30, 2013		Dec. 31, 2012
Fair value and amortized costs of notes receivable
Amortized cost	$ 6,175		$ 8,297
Fair market value	6,238	[1]	8,074	[1]
Marketable securities:
Total marketable securities	132,613		131,114
VIE and other finance receivables, at fair market value	3,888,893		3,615,188
Notes receivable, at fair market value	6,238	[1]	8,074	[1]
Maximum recovery period of other receivables	3 months
Liabilities
VIE long-term debt issued by securitization and permanent financing trusts, at fair market value	3,437,861		3,229,591
VIE derivative liabilities, at fair market value	81,125		121,498
VIE and other finance receivables
Assets and liabilities that are carried at fair value
Discount rate for discounting residual cash flows (as a percent)	7.71%		9.34%
Weighted average life	20 years
Loss assumption (as a percent)	0.25%
Quoted Prices in Active Markets for Identical Assets Level 1
Marketable securities:
Total equity securities	87,425		81,582
Total fixed income securities	38,596		42,021
Total other securities	6,592		7,511
Total marketable securities	132,613		131,114
Total Assets	132,613		131,114
Quoted Prices in Active Markets for Identical Assets Level 1 | US large cap
Marketable securities:
Total equity securities	44,765		40,446
Quoted Prices in Active Markets for Identical Assets Level 1 | US mid cap
Marketable securities:
Total equity securities	9,125		8,472
Quoted Prices in Active Markets for Identical Assets Level 1 | US small cap
Marketable securities:
Total equity securities	10,481		9,224
Quoted Prices in Active Markets for Identical Assets Level 1 | International
Marketable securities:
Total equity securities	22,233		22,651
Quoted Prices in Active Markets for Identical Assets Level 1 | Other equity
Marketable securities:
Total equity securities	821		789
Quoted Prices in Active Markets for Identical Assets Level 1 | US fixed income
Marketable securities:
Total fixed income securities	33,263		36,047
Quoted Prices in Active Markets for Identical Assets Level 1 | International fixed income
Marketable securities:
Total fixed income securities	5,303		5,963
Quoted Prices in Active Markets for Identical Assets Level 1 | Other fixed income
Marketable securities:
Total fixed income securities	30		11
Quoted Prices in Active Markets for Identical Assets Level 1 | Cash & cash equivalents
Marketable securities:
Total other securities	3,754		4,789
Quoted Prices in Active Markets for Identical Assets Level 1 | Alternative investments
Marketable securities:
Total other securities	645		483
Quoted Prices in Active Markets for Identical Assets Level 1 | Annuities
Marketable securities:
Total other securities	2,193		2,239
Significant Other Observable Inputs Level II
Liabilities
VIE derivative liabilities, at fair market value	81,125		121,498
Total Liabilities	81,125		121,498
Significant Unobservable Inputs Level III
Fair value and amortized costs of notes receivable
Fair market value	6,238		8,074
Marketable securities:
VIE and other finance receivables, at fair market value	3,888,893		3,615,188
Notes receivable, at fair market value	6,238		8,074
Life settlement contracts, at fair market value			1,724
Total Assets	3,895,131		3,624,986
Liabilities
VIE long-term debt issued by securitization and permanent financing trusts, at fair market value	3,437,861		3,229,591
Total Liabilities	3,437,861		3,229,591
Significant Unobservable Inputs Level III | VIE long-term debt issued by securitization and permanent financing trusts, at fair market value
Liabilities
Total Liabilities	3,437,861		3,229,591
Significant Unobservable Inputs Level III | VIE and other finance receivables
Marketable securities:
Total Assets	3,888,893		3,615,188
Total at Fair Value
Fair value and amortized costs of notes receivable
Fair market value	6,238		8,074
Marketable securities:
Total equity securities	87,425		81,582
Total fixed income securities	38,596		42,021
Total other securities	6,592		7,511
Total marketable securities	132,613		131,114
VIE and other finance receivables, at fair market value	3,888,893		3,615,188
Notes receivable, at fair market value	6,238		8,074
Life settlement contracts, at fair market value			1,724
Total Assets	4,027,744		3,756,100
Liabilities
VIE long-term debt issued by securitization and permanent financing trusts, at fair market value	3,437,861		3,229,591
VIE derivative liabilities, at fair market value	81,125		121,498
Total Liabilities	3,518,986		3,351,089
Total at Fair Value | US large cap
Marketable securities:
Total equity securities	44,765		40,446
Total at Fair Value | US mid cap
Marketable securities:
Total equity securities	9,125		8,472
Total at Fair Value | US small cap
Marketable securities:
Total equity securities	10,481		9,224
Total at Fair Value | International
Marketable securities:
Total equity securities	22,233		22,651
Total at Fair Value | Other equity
Marketable securities:
Total equity securities	821		789
Total at Fair Value | US fixed income
Marketable securities:
Total fixed income securities	33,263		36,047
Total at Fair Value | International fixed income
Marketable securities:
Total fixed income securities	5,303		5,963
Total at Fair Value | Other fixed income
Marketable securities:
Total fixed income securities	30		11
Total at Fair Value | Cash & cash equivalents
Marketable securities:
Total other securities	3,754		4,789
Total at Fair Value | Alternative investments
Marketable securities:
Total other securities	645		483
Total at Fair Value | Annuities
Marketable securities:
Total other securities	$ 2,193		$ 2,239

[1] Pledged as collateral to credit and long-term debt facilities

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Subsequent Events

9 Months Ended

Sep. 30, 2013

Subsequent Events

4. SUBSEQUENT EVENTS

On November 14, 2013, the Corporation consummated an initial public offering whereby 11,212,500 shares of its Class A common stock, par value $0.00001 per share (the “Class A Shares”), were sold to the public for net proceeds of $141.4 million, after payment of underwriting discounts and estimated offering expenses. The 11,212,500 shares sold were inclusive of 1,462,500 Class A Shares sold pursuant to the full exercise of an overallotment option granted to the underwriters which was consummated on December 11, 2013.  The net proceeds from the initial public offering were used purchase 11,212,500 newly issued JGWPT Holdings, LLC common interests directly from JGWPT Holdings, LLC representing 37.9% of the then outstanding membership interests of JGWPT Holdings, LLC.  Concurrently with the consummation of the Corporation’s initial public offering, the Corporation amended and restated its certificate of incorporation to provide for, among other things, the issuance of Class A Shares, shares of Class B common stock, par value $0.00001 per share (the “Class B Shares”), and shares of Class C common stock, par value $0.00001 per share (the “Class C Shares”).  Also concurrently with the consummation of the Corporation’s initial public offering, JGWPT Holdings, LLC merged with and into a newly formed subsidiary of the Corporation and the surviving, newly formed subsidiary changed its name to JGWPT Holdings, LLC.

Pursuant to this merger, the operating agreement of JGWPT Holdings, LLC was amended and restated such that, among other things, (i) the Corporation became the sole managing member of JGWPT Holdings, LLC, (ii) JGWPT Holdings, LLC common interests became exchangeable for one Class A Share, or in the case of Peach Group Holdings, Inc. (“PGHI Corp.”), one share of the Corporation’s Class C Shares. Additionally, in connection with merger, each holder of JGWPT Holdings, LLC common interests, other than PGHI Corp., was issued an equivalent number of shares of the Corporation’s “vote-only” Class B Shares.  As a result of these transactions, as of and subsequent to November 14, 2013, the Corporation will consolidate the financial results of JGWPT Holdings, LLC with its own and reflect the 62.1% membership interest in JGWPT Holdings, LLC it does not own as a non-controlling interest in its consolidated financial statements.

Predecessor

Subsequent Events

17. Subsequent Events

On October, 2, 2013, the Company amended the terms of its $200 million credit facility to provide for an interest rate equal to the sum of one-month LIBOR plus an applicable margin equal to 3.25% and a final maturity date of April 2, 2017. The Company subsequently elected on December 18, 2013 to reduce the size of this credit facility to $50 million.

On October 21, 2013, the Company revised the terms of its $40 million credit facility to provide for a maturity date of December 31, 2014 and a maximum borrowing capacity of $35 million.

On October 10, 2013, the Company priced its 2013-3 securitization. The aggregate issuance amount of the 2013-3 securitization was $212.7 million and the discount rate was 4.37%. The 2013-3 securitization closed on October 18, 2013.  In connection with its 2013-3 securitization, the Company repaid approximately $64.0 million of long term debt issued by SRF 6, a permanent financing VIE, and recorded a gain on debt extinguishment of approximately $22.3 million.  As a result of the repayment of debt, the Company was required to pay approximately $3.4 million in various prepayment fees and approximately $4.5 million for hedge breakage costs (Note 13).

On November 14, 2013, the Corporation consummated an initial public offering whereby 11,212,500 Class A Shares were sold to the public for net proceeds of $141.4 million, after payment of underwriting discounts and estimated offering expenses. The 11,212,500 shares sold were inclusive of 1,462,500 Class A Shares sold pursuant to the full exercise of an overallotment option granted to the underwriters which was consummated on December 11, 2013.  The net proceeds from the initial public offering were used to purchase 11,212,500 newly issued JGWPT common interests directly from JGWPT Holdings, LLC representing 37.9% of the then outstanding membership interests of JGWPT Holdings, LLC.  Concurrently with the consummation of the Corporation’s initial public offering, JGWPT Holdings, LLC merged with and into a newly formed subsidiary of the Corporation and the surviving, newly formed subsidiary changed its name to JGWPT Holdings, LLC.

Pursuant to this merger, the operating agreement of JGWPT Holdings, LLC was amended and restated such that, among other things, (i) the Corporation became the sole managing member of JGWPT Holdings, LLC, (ii) JGWPT Holdings, LLC common interests became exchangeable for one Class A Share, or in the case of PGHI Corp., one share of the Corporation’s Class C Shares. Additionally, in connection with merger, each holder of JGWPT Holdings, LLC common interests, other than PGHI Corp., was issued an equivalent number of shares of the Corporation’s “vote-only” Class B Shares.  As a result of these transactions, as of and subsequent to November 14, 2013, the Corporation will consolidate the financial results of JGWPT Holdings, LLC with its own and reflect the 62.1% membership interest in JGWPT Holdings, LLC it does not own as a non-controlling interest in its consolidated financial statements.

On November 15, 2013, the Company entered into a $300 million credit facility with a financial institution that provides for interest payable monthly at either: (a) the one-month LIBOR or (b) the lender’s commercial paper rate (as defined) plus 2.75%. The credit facility is collateralized by JGW VII, LLC’s structured settlements, annuity, and lottery receivables.  The credit agreement also provides for a three-year revolving period with a twenty-four month amortization period thereafter upon notice by the issuer or the borrower with all principal and interest outstanding payable no later than November 15, 2018.  The Company is charged monthly an unused line fee of 0.50% per annum for the undrawn balance of the line of credit.

On December 6, 2013, the Company repaid $123 million of its New Term Loan from the proceeds of its initial public offering and amended the terms of the associated Credit Facility. The amendment, among other things: (i) reduced the applicable margin on the initial term loans from 7.50% to 6.00% for eurodollar loans and from 6.50% to 5.00% for base rate loans, and (ii) reduced the interest rate floor on the initial term loans from 1.50% to 1.00% for eurodollar loans and from 2.50% to 2.00% for base rate loans.  No changes were made to the financial covenants contained in the original Credit Facility and as a result of the repayment, no further principal payments are required to be made on the New Term Loan until its maturity in February 2019. In connection with the repayment and amendment of the New Term Loan, the Company paid approximately $13.0 million in amendment, legal and other fees.

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VIE and Other Finance Receivables, net of Allowance for Losses (Details 5) (Predecessor, VIE and Other Finance Receivables, net, USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Portfolio delinquency status
30-59 Days Past Due		$ 8
Greater than 90 Days	172	54
Total Past Due	172	62
Current	85,602	93,206
VIE and Other Finance Receivables, net	85,774	93,268
Structured settlements and annuities
Portfolio delinquency status
30-59 Days Past Due		8
Greater than 90 Days	172	54
Total Past Due	172	62
Current	25,870	26,012
VIE and Other Finance Receivables, net	26,042	26,074
Lottery winnings
Portfolio delinquency status
Current	59,732	63,430
VIE and Other Finance Receivables, net	59,732	63,430
Life insurance premium financing
Portfolio delinquency status
Current		3,764
VIE and Other Finance Receivables, net		$ 3,764

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VIE Long-term Debt Issued by Securitization and Permanent Financing trusts, at Fair Market Value (Predecessor)

9 Months Ended

Sep. 30, 2013

Predecessor

VIE Long-term Debt Issued by Securitization and Permanent Financing trusts, at Fair Market Value

9. VIE Long-term Debt Issued by Securitization and Permanent Financing trusts, at Fair Market Value

Securitization Debt

Effective January 1, 2010, upon consolidation of the securitization-related special purpose entities, the Company elected fair value treatment under ASC 825 to measure the securitization issuer debt and related finance receivables. The Company has determined that measurement of the securitization debt issued by SPEs at fair value better correlates with the value of the finance receivables held by SPEs, which are held to provide the cash flows for the note obligations. Debt issued by SPEs is non-recourse to other subsidiaries.  Certain subsidiaries of the Company continue to receive fees for servicing the securitized assets. In addition, the risk to the Company’s non-SPE subsidiaries from SPE losses is limited to cash reserve and residual interest amounts.

During the nine-months ended September 30, 2012, the Company completed two asset securitization transactions that were registered according to Rule 144A.  The following table summarizes these securitization SPE transactions:

	2012-1
	(bond proceeds in $ millions)
Issue date	3/16/2012
Bond proceeds	$232.4
Receivables securitized	4,476
Deal discount rate	4.62%
Retained interest %	6.75%
Class allocation (Moody’s)
Aaa	85.00%
Baa2	8.25%
	2012-2
	(bond proceeds in $ millions)
Issue date	7/25/2012
Bond proceeds	$158.0
Receivables securitized	3,016
Deal discount rate	4.27%
Retained interest %	6.75%
Class allocation (Moody’s)
Aaa	85.00%
Baa2	8.25%

During the nine-months ended September 30, 2013, the Company completed two asset securitization transactions that were registered according to Rule 144A.  The following table summarizes these securitization SPE transactions:

	2013-1
	(bond proceeds in $ millions)
Issue date	3/20/2013
Bond proceeds	$216.5
Receivables securitized	2,425
Deal discount rate	3.65%
Retained interest %	6.75%
Class allocation (Moody’s)
Aaa	85.25%
Baa2	8.00%
	2013-2
	(bond proceeds in $ millions)
Issue date	7/30/2013
Bond proceeds	$174.6
Receivables securitized	3,410
Deal discount rate	4.49%
Retained interest %	6.75%
Class allocation (Moody’s)
Aaa	85.25%
Baa2	8.00%

The following table summarizes notes issued by securitization and permanent financing trusts as of December 31, 2012 and September 30, 2013 for which the Company has elected the fair value option and are recorded as VIE long-term debt issued by securitization and permanent financing trusts, at fair market value in the Company’s condensed consolidated balance sheets:

	Outstanding Principal at		Outstanding Principal at		Fair Value at		Fair Value at
	December 31, 2012		September 30, 2013		December 31, 2012		September 30, 2013
Securitization trusts	$	2,693,597	$	2,913,160	$	2,892,466	$	3,095,261
Permanent financing VIEs	319,382		320,609		337,125		342,600
Total	$	3,012,979	$	3,233,769	$	3,229,591	$	3,437,861

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Fair Value Measurements (Details 5) (Predecessor, USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
VIE and other finance receivables and long-term debt
Realized and unrealized gains and losses included in earnings
Gains (losses) included in earnings	$ 46,020	$ 57,142	$ 173,660	$ 188,748
Change in unrealized gains (losses) relating to assets still held at the reporting date	46,020	57,142	173,660	188,157
Life settlement contracts income
Realized and unrealized gains and losses included in earnings
Gains (losses) included in earnings	51	183	(22)	(517)
Change in unrealized gains (losses) relating to assets still held at the reporting date	$ 51	$ 183	$ 31	$ (132)

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Restructure Expense (Tables) (Predecessor)

9 Months Ended

Sep. 30, 2013

Predecessor

Schedule of reconciliation of the associated restructure liability

	Total
Balance at December 31, 2012	$	—
Restructure expense	3,224
Payments for restructure charges	(2,456		)
Balance at September 30, 2013	$	768

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VIE and Other Finance Receivables, net of Allowance for Losses (Tables) (Predecessor)

9 Months Ended

Sep. 30, 2013

Predecessor

Schedule of VIE and other finance receivables, net of allowance for losses

	December 31, 2012			September 30, 2013
Structured settlements and annuities	$	79,653		$	76,640
Less: unearned income	(53,398		)	(50,552		)
	26,255			26,088
Lottery winnings	97,204			89,232
Less: unearned income	(33,768		)	(29,500		)
	63,436			59,732
Pre-settlement funding transactions	62,775			55,460
Less: deferred revenue	(4,296		)	(2,872		)
	58,479			52,588
Life insurance premium financing	3,807			—
Less: deferred revenue	(43		)	—
	3,764			—
Attorney cost financing	3,072			2,480
Less: deferred revenue	(3		)	—
	3,069			2,480
VIE and other finance receivables, gross	155,003			140,888
Less: allowance for losses	(4,650		)	(7,383		)
VIE and other finance receivables, net	$	150,353		$	133,505

Schedule of encumbrances on VIE and other finance receivables, net

Encumbrance	December 31, 2012		September 30, 2013
VIE securitization debt (2)	$	80,826	$	79,193
$40 million pre-settlement credit facility (1)	25,859		23,463
$45.1 million long-term presettlement facility (2)	19,389		12,775
$2.4 million long-term facility (2)	2,663		2,532
Total VIE finance receivables, net of allowances	128,737		117,963
Not encumbered	21,616		15,542
Total VIE and other finance receivables, net of allowances	$	150,353	$	133,505

(1) See Note 7

(2) See Note 8

Schedule of activity in allowance for losses for VIE and other finance receivables

	Structured settlements and annuities			Lottery			Pre-settlement funding transactions			Life insurance premium financing			Attorney cost financing			Total
Three-months ended September 30, 2012:
Allowance for losses:
Balance at beginning of period	$	(381	)	$	(1	)	$	(1,644	)	$	—		$	(482	)	$	(2,508	)
Provision for loss	—			55			(504		)	2			106			(341		)
Charge-offs	49			18			65			—			19			151
Recoveries	—			(72		)	(479		)	(2		)	—			(553		)
Balance at end of period	$	(332	)	$	—		$	(2,562	)	$	—		$	(357	)	$	(3,251	)
Three-months ended September 30, 2013:
Allowance for losses:
Balance at beginning of period	$	(182	)	$	—		$	(6,282	)	$	—		$	(293	)	$	(6,757	)
Provision for loss	51			85			(1,836		)	—			10			(1,690		)
Charge-offs	85			—			1,064			—			—			1,149
Recoveries	—			(85		)	—			—			—			(85		)
Balance at end of period	$	(46	)	$	—		$	(7,054	)	$	—		$	(283	)	$	(7,383	)
Nine-months ended September 30, 2012:
Allowance for losses:
Balance at beginning of period	$	(345	)	$	(1	)	$	(670	)	$	—		$	(5	)	$	(1,021	)
Provision for loss	(26		)	(48		)	(1,522		)	75			(366		)	(1,887		)
Charge-offs	75			139			109			—			14			337
Recoveries	(36		)	(90		)	(479		)	(75		)	—			(680		)
Other	—			—			—			—			—			—
Balance at end of period	$	(332	)	$	—		$	(2,562	)	$	—		$	(357	)	$	(3,251	)
Individually evaluated for impairment	$	(332	)	$	—		$	(313	)	$	—		$	—		$	(645	)
Collectively evaluated for impairment	—			—			(2,249		)	—			(357		)	(2,606		)
Balance at end of period	$	(332	)	$	—		$	(2,562	)	$	—		$	(357	)	$	(3,251	)
VIE and other finance receivables, net:
Individually evaluated for impairment	$	24,987		$	65,764		$	436		$	—		$	—		$	91,187
Collectively evaluated for impairment	—			—			53,749			4,800			3,458			62,007
Ending Balance	$	24,987		$	65,764		$	54,185		$	4,800		$	3,458		$	153,194
Nine-months ended September 30, 2013:
Allowance for losses:
Balance at beginning of period	$	(181	)	$	(6	)	$	(4,194	)	$	—		$	(269	)	$	(4,650	)
Provision for loss	(88		)	96			(4,370		)	2			(14		)	(4,374		)
Charge-offs	224			35			1,510			—			—			1,769
Recoveries	(1		)	(125		)	—			(2		)	—			(128		)
Balance at end of period	$	(46	)	$	—		$	(7,054	)	$	—		$	(283	)	$	(7,383	)
Individually evaluated for impairment	$	(46	)	$	—		$	(2,095	)	$	—		$	—		$	(2,141	)
Collectively evaluated for impairment	—			—			(4,959		)	—			(283		)	(5,242		)
Balance at end of period	$	(46	)	$	—		$	(7,054	)	$	—		$	(283	)	$	(7,383	)
VIE and other finance receivables, net:
Individually evaluated for impairment	$	26,042		$	59,732		$	2,514		$	—		$	—		$	88,288
Collectively evaluated for impairment	—			—			43,020			—			2,197			45,217
Ending Balance	$	26,042		$	59,732		$	45,534		$	—		$	2,197		$	133,505

Schedule of gross pre-settlement funding transactions based on their year of origination

Year of Origination	December 31, 2012		September 30, 2013
2009	6,276		5,270
2010	9,891		6,116
2011	17,770		11,978
2012	28,838		19,522
2013	—		12,574
	$	62,775	$	55,460

Schedule of portfolio delinquency status

													VIE and Other
	30-59		60-89		Greater						VIE and Other Finance		Finance Receivables, net
	Days		Days		than		Total				Receivables,		> 90 days
	Past Due		Past Due		90 Days		Past Due		Current		net		accruing
December 31, 2012:
Structured settlements and annuities	$	8	$	—	$	54	$	62	$	26,012	$	26,074	$	—
Lottery winnings	—		—		—		—		63,430		63,430		—
Life insurance premium financing	—		—		—		—		3,764		3,764		—
Total	$	8	$	—	$	54	$	62	$	93,206	$	93,268	$	—
September 30, 2013:
Structured settlements and annuities	$	—	$	—	$	172	$	172	$	25,870	$	26,042	$	—
Lottery winnings	—		—		—		—		59,732		59,732		—
Life insurance premium financing	—		—		—		—		—		—		—
Total	$	—	$	—	$	172	$	172	$	85,602	$	85,774	$	—

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VIE and Other Finance Receivables, at Fair Market Value (Details) (Predecessor, USD $) In Thousands, unless otherwise specified	3 Months Ended			9 Months Ended
	Sep. 30, 2013		Sep. 30, 2012	Sep. 30, 2013		Sep. 30, 2012	Dec. 31, 2012
VIE and other finance receivables, at fair market value
Maturity value	$ 5,784,472			$ 5,784,472			$ 5,335,328
Unearned income	(1,895,579)			(1,895,579)			(1,720,140)
Total VIE finance receivables at fair value	3,861,612	[1]		3,861,612	[1]		3,586,465	[1]
Not encumbered	27,281			27,281			28,723
Total VIE and other finance receivables at fair value	3,888,893			3,888,893			3,615,188
Servicing fees	239		258	714		803
Variable funding note facility
VIE and other finance receivables, at fair market value
Total VIE finance receivables at fair value	19,014			19,014			230
Maximum borrowing capacity	100,000			100,000			100,000
Multi-tranche and lender credit facility
VIE and other finance receivables, at fair market value
Total VIE finance receivables at fair value	19,480			19,480			8,277
Maximum borrowing capacity	300,000			300,000			300,000
Permanent financing related to 2011-A
VIE and other finance receivables, at fair market value
Total VIE finance receivables at fair value	36,005			36,005			20,505
Amount of debt	50,000			50,000			50,000
VIE securitization debt
VIE and other finance receivables, at fair market value
Total VIE finance receivables at fair value	3,773,189			3,773,189			3,550,394
JGW IV | Credit facility
VIE and other finance receivables, at fair market value
Total VIE and other finance receivables at fair value	13,924			13,924			7,059
Maximum borrowing capacity	$ 200,000			$ 200,000			$ 200,000

[1] Pledged as collateral to credit and long-term debt facilities

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Term Loan Payable (Details) (USD $)		0 Months Ended	1 Months Ended						9 Months Ended					0 Months Ended			0 Months Ended			0 Months Ended
	Feb. 08, 2013 Letters of credit	Feb. 08, 2013 Predecessor	May 31, 2013 Predecessor	Sep. 30, 2013 Predecessor	Dec. 31, 2012 Predecessor	Dec. 31, 2012 Predecessor Term Loan	Sep. 30, 2013 Predecessor New term loan	Feb. 08, 2013 Predecessor New term loan	Sep. 30, 2013 Predecessor New term loan Eurodollar	Sep. 30, 2013 Predecessor New term loan Base rate	Sep. 30, 2013 Predecessor Credit Facility	Feb. 08, 2013 Predecessor Credit Facility	May 31, 2013 Predecessor Additional term loan issued May 2013	Feb. 08, 2013 Predecessor PGHI	Jul. 12, 2011 Predecessor PGHI Term Loan	Jul. 12, 2011 Predecessor OAC Merger Term Loan	Jul. 12, 2011 Predecessor OAC Merger Term Loan Eurodollar	Dec. 31, 2012 Predecessor OAC Merger Term Loan Eurodollar	Dec. 31, 2011 Predecessor OAC Merger Term Loan Eurodollar	Jul. 12, 2011 Predecessor OAC Merger PGHI Term Loan
Term loan payable
Loan amount								$ 425,000,000					$ 150,000,000			$ 176,489,000
Variable rate basis									Libor	Prime							Eurodollar base rate
Interest rate (as a percent)							9.00%											8.75%	8.75%
Margin on variable rate (as a percent)									7.50%	6.50%
Maximum amount of distributions to fund costs of defending certain litigation																				9,000,000
Principal payment at closing															10,000,000
Member's capital free of limitations on payment of dividends						0
Member's capital				37,996,000	442,818,000
Revolving commitment	10,000,000											20,000,000
Interest rate floor (as a percent)									1.50%	2.50%
Unused fee (as a percent)											0.50%
Outstanding borrowings											0
Cash distribution		309,600,000	150,000,000
Asset distribution														$ 16,300,000
Number of common interest shares issued for preferred interest			1

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Fair Value Measurements (Details 2) (Predecessor, Level 3, USD $) In Thousands, unless otherwise specified	9 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
Quantitative information about fair value measurements
Fair Value of Assets	$ 3,895,131	$ 3,624,986
Fair Value of Liabilities	3,437,861	3,229,591
VIE long-term debt issued by securitization and permanent financing trusts, at fair market value
Quantitative information about fair value measurements
Fair Value of Liabilities	3,437,861	3,229,591
VIE long-term debt issued by securitization and permanent financing trusts, at fair market value | Discounted cash flow | Minimum
Unobservable Input
Discount rate (as a percent)	0.74%	0.53%
VIE long-term debt issued by securitization and permanent financing trusts, at fair market value | Discounted cash flow | Maximum
Unobservable Input
Discount rate (as a percent)	12.67%	12.38%
VIE long-term debt issued by securitization and permanent financing trusts, at fair market value | Discounted cash flow | Weighted Avg
Unobservable Input
Discount rate (as a percent)	3.60%	3.43%
VIE and other finance receivables, at fair market value
Quantitative information about fair value measurements
Fair Value of Assets	3,888,893	3,615,188
VIE and other finance receivables, at fair market value | Discounted cash flow | Minimum
Unobservable Input
Discount rate (as a percent)	2.59%	2.68%
VIE and other finance receivables, at fair market value | Discounted cash flow | Maximum
Unobservable Input
Discount rate (as a percent)	12.98%	12.52%
VIE and other finance receivables, at fair market value | Discounted cash flow | Weighted Avg
Unobservable Input
Discount rate (as a percent)	3.99%	3.99%
Notes receivable, at fair market value
Quantitative information about fair value measurements
Fair Value of Assets	6,238	8,074
Notes receivable, at fair market value | Discounted cash flow
Unobservable Input
Discount rate (as a percent)	7.71%	9.78%
Notes receivable, at fair market value | Discounted cash flow | Weighted Avg
Unobservable Input
Discount rate (as a percent)	7.71%	9.78%
Life settlement contracts, at fair market value
Quantitative information about fair value measurements
Fair Value of Assets		$ 1,724
Life settlement contracts, at fair market value | Discounted cash flow
Unobservable Input
Discount rate (as a percent)	18.50%	18.50%
Life settlement contracts, at fair market value | Discounted cash flow | Weighted Avg
Unobservable Input
Discount rate (as a percent)	18.50%	18.50%
Life settlement contracts, at fair market value | Model actuarial pricing | Minimum
Unobservable Input
Life expectancy	7 months	16 months
Life settlement contracts, at fair market value | Model actuarial pricing | Maximum
Unobservable Input
Life expectancy	251 months	260 months
Life settlement contracts, at fair market value | Model actuarial pricing | Weighted Avg
Unobservable Input
Life expectancy	140 months	147 months

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STOCKHOLDER'S EQUITY (JGWPT Holdings Inc.) (Details) (USD $)	Sep. 30, 2013
STOCKHOLDER'S EQUITY
Common stock, authorized shares	1,000
Common stock, par value (in dollars per share)	$ 0.00001
Common stock, shares issued	0
Common stock, shares outstanding	0

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Derivative Financial Instruments (Details) (Predecessor, USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended			0 Months Ended		3 Months Ended				9 Months Ended		3 Months Ended		9 Months Ended			9 Months Ended		3 Months Ended		9 Months Ended			9 Months Ended			9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012	Jul. 31, 2013 Interest Rate Swaps Revolving credit facilities and other similar borrowings	Jul. 31, 2012 Interest Rate Swaps Revolving credit facilities and other similar borrowings	Sep. 30, 2013 Interest Rate Swaps Revolving credit facilities and other similar borrowings	Mar. 31, 2013 Interest Rate Swaps Revolving credit facilities and other similar borrowings	Sep. 30, 2012 Interest Rate Swaps Revolving credit facilities and other similar borrowings	Mar. 31, 2012 Interest Rate Swaps Revolving credit facilities and other similar borrowings	Sep. 30, 2013 Interest Rate Swaps Revolving credit facilities and other similar borrowings	Sep. 30, 2012 Interest Rate Swaps Revolving credit facilities and other similar borrowings	Sep. 30, 2013 Interest Rate Swaps Long-term debt issued by securitization and permanent financing trusts Hedge accounting has not been applied item	Sep. 30, 2012 Interest Rate Swaps Long-term debt issued by securitization and permanent financing trusts Hedge accounting has not been applied	Sep. 30, 2013 Interest Rate Swaps Long-term debt issued by securitization and permanent financing trusts Hedge accounting has not been applied item	Sep. 30, 2012 Interest Rate Swaps Long-term debt issued by securitization and permanent financing trusts Hedge accounting has not been applied	Dec. 31, 2012 Interest Rate Swaps Long-term debt issued by securitization and permanent financing trusts Hedge accounting has not been applied item	Sep. 30, 2013 Interest Rate Swaps Long-term debt issued by securitization and permanent financing trusts Hedge accounting has not been applied Minimum	Sep. 30, 2013 Interest Rate Swaps Long-term debt issued by securitization and permanent financing trusts Hedge accounting has not been applied Maximum	Sep. 30, 2013 Interest Rate Swaps Borrowings under PSS and PLMT Hedge accounting has not been applied item	Sep. 30, 2012 Interest Rate Swaps Borrowings under PSS and PLMT Hedge accounting has not been applied	Sep. 30, 2013 Interest Rate Swaps Borrowings under PSS and PLMT Hedge accounting has not been applied item	Sep. 30, 2012 Interest Rate Swaps Borrowings under PSS and PLMT Hedge accounting has not been applied	Dec. 31, 2012 Interest Rate Swaps Borrowings under PSS and PLMT Hedge accounting has not been applied item	Sep. 30, 2013 Interest Rate Swaps Borrowings under PSS and PLMT Hedge accounting has not been applied Minimum	Sep. 30, 2013 Interest Rate Swaps Borrowings under PSS and PLMT Hedge accounting has not been applied Maximum	Sep. 30, 2013 JGW V, LLC Interest Rate Swaps Hedge accounting has not been applied	Sep. 30, 2013 JGW V, LLC Interest Rate Swaps Revolving credit facility Hedge accounting has not been applied	Sep. 30, 2013 321 Henderson I Interest Rate Swaps 2004-A A-1 Hedge accounting has not been applied	Dec. 31, 2012 321 Henderson I Interest Rate Swaps 2004-A A-1 Hedge accounting has not been applied	Sep. 30, 2013 321 Henderson I Interest Rate Swaps 2005-1 A-1 Hedge accounting has not been applied	Dec. 31, 2012 321 Henderson I Interest Rate Swaps 2005-1 A-1 Hedge accounting has not been applied	Sep. 30, 2013 321 Henderson II Interest Rate Swaps 2006-1 A-1 Hedge accounting has not been applied	Dec. 31, 2012 321 Henderson II Interest Rate Swaps 2006-1 A-1 Hedge accounting has not been applied	Sep. 30, 2013 321 Henderson II Interest Rate Swaps 2006-2 A-1 Hedge accounting has not been applied	Dec. 31, 2012 321 Henderson II Interest Rate Swaps 2006-2 A-1 Hedge accounting has not been applied	Sep. 30, 2013 321 Henderson II Interest Rate Swaps 2006-3 A-1 Hedge accounting has not been applied	Dec. 31, 2012 321 Henderson II Interest Rate Swaps 2006-3 A-1 Hedge accounting has not been applied	Sep. 30, 2013 321 Henderson II Interest Rate Swaps 2006-4 A-1 Hedge accounting has not been applied	Dec. 31, 2012 321 Henderson II Interest Rate Swaps 2006-4 A-1 Hedge accounting has not been applied	Sep. 30, 2013 321 Henderson II Interest Rate Swaps 2007-1 A-1 Hedge accounting has not been applied	Dec. 31, 2012 321 Henderson II Interest Rate Swaps 2007-1 A-1 Hedge accounting has not been applied	Sep. 30, 2013 321 Henderson II Interest Rate Swaps 2007-2 A-1 Hedge accounting has not been applied	Dec. 31, 2012 321 Henderson II Interest Rate Swaps 2007-2 A-1 Hedge accounting has not been applied	Sep. 30, 2013 PSS Interest Rate Swaps Hedge accounting has not been applied VIE	Dec. 31, 2012 PSS Interest Rate Swaps Hedge accounting has not been applied VIE	Sep. 30, 2013 PLMT Interest Rate Swaps Hedge accounting has not been applied	Dec. 31, 2012 PLMT Interest Rate Swaps Hedge accounting has not been applied
Derivative financial instruments
Notional	$ 566,656		$ 566,656		$ 605,024									$ 300,373		$ 300,373		$ 338,143			$ 254,397		$ 254,397		$ 266,881			$ 11,886	$ 11,886	$ 42,905	$ 50,858	$ 76,839	$ 86,766	$ 22,107	$ 26,307	$ 24,552	$ 27,560	$ 27,058	$ 30,493	$ 24,701	$ 27,402	$ 39,613	$ 42,670	$ 42,598	$ 46,087	$ 196,094	$ 205,180	$ 58,303	$ 61,701
Fixed interest rate (as a percent)																			4.50%	5.77%						4.30%	8.70%		2.74%
Floating rate basis																1 month LIBOR							1 month LIBOR						1 month LIBOR
Term of contract																			9 years	22 years						1 month	21 years		15 years
(Gain) loss on termination of derivative	(525)	831	(351)	457				525		(831)		351	(457)
Unrealized gain (loss)			40,408	(130)				(696)		(291)		(181)	(641)	2,640	1,316	19,115	2,532				2,289	(441)	21,501	(2,021)
Terminated notional value						45,690	32,036		55,351		64,300
Number of outstanding derivatives														8		8		8			165		165		165
Fair Market Value	$ (81,125)		$ (81,125)		$ (121,498)																							$ (181)		$ (4,313)	$ (6,492)	$ (9,785)	$ (14,362)	$ (2,442)	$ (3,581)	$ (3,625)	$ (5,181)	$ (3,471)	$ (5,001)	$ (3,009)	$ (4,271)	$ (6,093)	$ (9,031)	$ (9,174)	$ (13,072)	$ (29,195)	$ (46,407)	$ (9,837)	$ (14,100)

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Background and Basis of Presentation (Details) (Merger Sub)	1 Months Ended
	Jul. 31, 2011
Merger Sub
Background and basis of presentation
Number of common interests into which each outstanding equity interest of aquiree was converted	1

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Commitments and Contingencies (Predecessor)

9 Months Ended

Sep. 30, 2013

Predecessor

Commitments and Contingencies

13. Commitments and Contingencies

In accordance with Structured Receivables Finance #6, LLC, a permanent financing VIE (“SRF6”) (Note 9), the Company is required to fund a Hedge Breakage Reserve Account to the extent that the Lender has entered into hedges and such hedges subsequently incur negative valuations.  The Hedge Breakage Reserve Account serves as collateral in the event the Company elects to repay in full the associated VIE debt issued by the permanent financing trust and the Lender incurs costs from the early termination of any related hedges. As of December 31, 2012 and September 30, 2013, this account had a balance of $11,847 and $3,682, respectively.  The Lender also has a Right of First Refusal to purchase 25% of any securitization notes at current market terms when such a securitization contains Eligible Receivables financed under the SRF6 Loan Agreement.

The Company had an arrangement (the “Arrangement”) with a counterparty for the sale of LCSS assets that meet certain eligibility criteria.  The Arrangement called for the counterparty to utilize funds raised of up to $50,000 to purchase LCSS assets from the Company.  The Arrangement expired on June 30, 2012.  For the year ended December 31, 2012, the counterparty purchased approximately $3,150 of LCSS assets from the Company which substantially met the counterparty’s current purchase capacity.  Pursuant to the Arrangement, the Company also has a borrowing agreement (the “Borrowing Agreement”) with the counterparty that gives the counterparty a borrowing base to draw on from the Company for the purchase of LCSS assets.  The borrowing capacity is capped at a percentage of total funds raised by the counterparty or $11,300, whichever is lower.  As of December 31, 2012 and September 30, 2013, the amount owed from the counterparty pursuant to this Borrowing Agreement is approximately $8,637 and $9,008, respectively and is earning interest at an annual rate of 5.35% and is included in other receivables, net of allowance for losses in the Company’s condensed consolidated balance sheets.

The Arrangement also has put options, which expire on December 30, 2019 and 2020, that gives the counterparty the option to sell purchased LCSS assets back to the Company.  The put options, if exercised by the counterparty, require the Company to purchase LCSS assets at a target IRR of 3.5% above the original target IRR paid by the counterparty.

In the normal course of business, the Company is subject to various legal proceedings and claims, the resolution of which, in management’s opinion, will not have a material adverse effect on the financial position, the results of operations or cash flows of the Company.

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Risks and Uncertainties (Predecessor)

9 Months Ended

Sep. 30, 2013

Predecessor

Risks and Uncertainties

12. Risks and Uncertainties

The Company’s finance receivables are primarily obligations of insurance companies. The exposure to credit risk with respect to these finance receivables is generally limited due to the large number of insurance companies of generally high credit quality comprising the receivable base, their dispersion across geographical areas, and possible availability of state insurance guarantee funds. The Company is also subject to numerous risks associated with structured settlements. These risks include, but are not limited to, restrictions on assignability of structured settlements, potential changes in the U.S. tax law related to taxation of structured settlements, diversion by a seller of scheduled payments to the Company, and other potential risks of regulation and/or legislation. A majority of states have regulated the business by passing statutes that govern the sale of structured settlement payments. Generally, the laws require a court approval to consummate a sale. The Company’s earnings are dependent upon the fair value of the finance receivables it purchases relative to the value it can obtain by financing these assets in securitization or other transactions. Accordingly, earnings are subject to risks and uncertainties surrounding exposure to changes in the interest rate environment, competitive pressures affecting the ability to maintain sufficient effective purchase yields, and the ability to sell or securitize finance receivables at profitable levels in the future.

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VIE and Other Finance Receivables, net of Allowance for Losses (Details 4) (Predecessor, VIE and Other Finance Receivables, net, USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Jun. 30, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Dec. 31, 2011
VIE and Other Finance Receivables, net of Allowance for Losses
Reserve for financing receivable	$ 7,383	$ 6,757	$ 4,650	$ 3,251	$ 2,508	$ 1,021
Pre-settlement funding transactions
VIE and Other Finance Receivables, net of Allowance for Losses
Gross financing receivable	55,460		62,775
Reserve for financing receivable	7,054	6,282	4,194	2,562	1,644	670
Pre-settlement funding transactions | 2009
VIE and Other Finance Receivables, net of Allowance for Losses
Gross financing receivable	5,270		6,276
Pre-settlement funding transactions | 2010
VIE and Other Finance Receivables, net of Allowance for Losses
Gross financing receivable	6,116		9,891
Pre-settlement funding transactions | 2011
VIE and Other Finance Receivables, net of Allowance for Losses
Gross financing receivable	11,978		17,770
Pre-settlement funding transactions | 2012
VIE and Other Finance Receivables, net of Allowance for Losses
Gross financing receivable	19,522		28,838
Pre-settlement funding transactions | 2013
VIE and Other Finance Receivables, net of Allowance for Losses
Gross financing receivable	12,574
Attorney cost financing
VIE and Other Finance Receivables, net of Allowance for Losses
Gross financing receivable	2,480		3,072
Reserve for financing receivable	$ 283	$ 293	$ 269	$ 357	$ 482	$ 5

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Recently Issued Accounting Statements (Details) (Predecessor, USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2013		Dec. 31, 2012
Accumulated other comprehensive income components
Realized loss on notes receivable, at fair market value	$ 1,862
Notes receivable, at fair market value expected to mature in 2018	6,238	[1]	8,074	[1]
Unrealized gains and losses on available-for-sale securities | Amount reclassified from accumulated other comprehensive income
Accumulated other comprehensive income components
Realized loss on notes receivable, at fair market value	$ 1,862

[1] Pledged as collateral to credit and long-term debt facilities

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Segment Reporting (Predecessor)

9 Months Ended

Sep. 30, 2013

Predecessor

Segment Reporting

14. Segment Reporting

ASC 280, Segment Reporting, establishes standards for segment reporting in the financial statements. Management has determined that all of the operations have similar economic characteristics and may be aggregated into a single segment for disclosure under ASC 280.

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Income Taxes (Predecessor)

9 Months Ended

Sep. 30, 2013

Predecessor

Income Taxes

15. Income Taxes

The Company and the majority of its subsidiaries operate in the U.S. as non-income tax paying entities, and are treated as pass-through entities for U.S. federal income tax purposes and generally as corporate entities in non-U.S. jurisdictions. In addition, certain of the Company’s wholly owned subsidiaries operate as corporations within the U.S. and are subject to U.S. federal and state income tax. As non-income tax paying entities, the majority of the Company’s net income or loss is included in the individual or corporate returns of JGWPT’s Members.  The current and deferred taxes relates only to the income tax-paying entities of the Company.

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (JGWPT Holdings Inc.) (Policies)

9 Months Ended

Sep. 30, 2013

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Accounting

Basis of Accounting — The Balance Sheet is presented in accordance with accounting principles generally accepted in the United States of America. Separate statements of operations, comprehensive income, changes in stockholder’s equity, and cash flows have not been presented in the financial statements because there have been no activities in this entity.

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Restructure Expense (Predecessor)

9 Months Ended

Sep. 30, 2013

Predecessor

Restructure Expense

16. Restructure Expense

In April 2013, the Company announced its intention to close its Boynton Beach office.  In connection with the announcement, the Company recorded a restructure charge of $3,224 for primarily severance and related expense. The $3,224 charge for the nine-months ended September 30, 2013 was recorded in the following statement of operations line items: compensation and benefits, $2,851; and general and administrative, $373.  The associated workforce reductions were substantially complete as of September 30, 2013 and the remaining actions are expected to be completed by December 31, 2013.  A reconciliation of the associated restructure liability is as follows:

	Total
Balance at December 31, 2012	$	—
Restructure expense	3,224
Payments for restructure charges	(2,456		)
Balance at September 30, 2013	$	768

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VIE Long-term Debt Issued by Securitization and Permanent Financing trusts, at Fair Market Value (Tables) (Predecessor)

9 Months Ended

Sep. 30, 2013

Predecessor

Summary of securitization SPE transactions

	2012-1
	(bond proceeds in $ millions)
Issue date	3/16/2012
Bond proceeds	$232.4
Receivables securitized	4,476
Deal discount rate	4.62%
Retained interest %	6.75%
Class allocation (Moody’s)
Aaa	85.00%
Baa2	8.25%
	2012-2
	(bond proceeds in $ millions)
Issue date	7/25/2012
Bond proceeds	$158.0
Receivables securitized	3,016
Deal discount rate	4.27%
Retained interest %	6.75%
Class allocation (Moody’s)
Aaa	85.00%
Baa2	8.25%

	2013-1
	(bond proceeds in $ millions)
Issue date	3/20/2013
Bond proceeds	$216.5
Receivables securitized	2,425
Deal discount rate	3.65%
Retained interest %	6.75%
Class allocation (Moody’s)
Aaa	85.25%
Baa2	8.00%
	2013-2
	(bond proceeds in $ millions)
Issue date	7/30/2013
Bond proceeds	$174.6
Receivables securitized	3,410
Deal discount rate	4.49%
Retained interest %	6.75%
Class allocation (Moody’s)
Aaa	85.25%
Baa2	8.00%

Summary of notes issued by securitization and permanent financing trusts

	Outstanding Principal at		Outstanding Principal at		Fair Value at		Fair Value at
	December 31, 2012		September 30, 2013		December 31, 2012		September 30, 2013
Securitization trusts	$	2,693,597	$	2,913,160	$	2,892,466	$	3,095,261
Permanent financing VIEs	319,382		320,609		337,125		342,600
Total	$	3,012,979	$	3,233,769	$	3,229,591	$	3,437,861

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VIE and Other Finance Receivables, net of Allowance for Losses (Details) (Predecessor, VIE and Other Finance Receivables, net, USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Jun. 30, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Dec. 31, 2011
VIE and other finance receivables, net of allowance for losses
Finance receivables, gross	$ 140,888		$ 155,003
Less: allowance for losses	(7,383)	(6,757)	(4,650)	(3,251)	(2,508)	(1,021)
Finance receivables, net	133,505		150,353	153,194
Structured settlements and annuities
VIE and other finance receivables, net of allowance for losses
Finance receivable before unearned income or deferred revenue	76,640		79,653
Less: unearned income or deferred revenue	(50,552)		(53,398)
Finance receivables, gross	26,088		26,255
Less: allowance for losses	(46)	(182)	(181)	(332)	(381)	(345)
Finance receivables, net	26,042			24,987
Lottery winnings
VIE and other finance receivables, net of allowance for losses
Finance receivable before unearned income or deferred revenue	89,232		97,204
Less: unearned income or deferred revenue	(29,500)		(33,768)
Finance receivables, gross	59,732		63,436
Less: allowance for losses			(6)		(1)	(1)
Finance receivables, net	59,732			65,764
Pre-settlement funding transactions
VIE and other finance receivables, net of allowance for losses
Finance receivable before unearned income or deferred revenue	55,460		62,775
Less: unearned income or deferred revenue	(2,872)		(4,296)
Finance receivables, gross	52,588		58,479
Less: allowance for losses	(7,054)	(6,282)	(4,194)	(2,562)	(1,644)	(670)
Life insurance premium financing
VIE and other finance receivables, net of allowance for losses
Finance receivable before unearned income or deferred revenue			3,807
Less: unearned income or deferred revenue			(43)
Finance receivables, gross			3,764
Finance receivables, net				4,800
Attorney cost financing
VIE and other finance receivables, net of allowance for losses
Finance receivable before unearned income or deferred revenue	2,480		3,072
Less: unearned income or deferred revenue			(3)
Finance receivables, gross	2,480		3,069
Less: allowance for losses	(283)	(293)	(269)	(357)	(482)	(5)
Finance receivables, net	$ 2,197			$ 3,458

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Balance Sheets (JGWPT Holdings Inc.) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013
Assets
Assets	$ 0
Commitments and Contingencies	0
Stockholder's Equity
Common Stock, par value $0.00001 per share, 1,000 shares authorized, none issued and outstanding	0
Total Stockholder's Equity	$ 0

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Variable Interest Entities (Details) (Predecessor)	9 Months Ended
	Sep. 30, 2013
Predecessor
Variable Interest Entities
Minimum expected life of consolidated VIEs	20 years

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STOCKHOLDER'S EQUITY (JGWPT Holdings Inc.)

9 Months Ended

Sep. 30, 2013

STOCKHOLDER'S EQUITY

STOCKHOLDER'S EQUITY

3. STOCKHOLDER’S EQUITY

The Corporation is authorized to issue 1,000 shares of Common Stock, par value $0.00001 per share, none of which have been issued or are outstanding.

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VIE Long-Term Debt (Details) (Predecessor, USD $) In Thousands, unless otherwise specified																	9 Months Ended		9 Months Ended		9 Months Ended			1 Months Ended						1 Months Ended
	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2013 PLMT Permanent Facility	Dec. 31, 2012 PLMT Permanent Facility	Sep. 30, 2013 Residual Term Facility	Dec. 31, 2012 Residual Term Facility	Sep. 30, 2013 Long-Term Presettlement Facility	Dec. 31, 2012 Long-Term Presettlement Facility	Sep. 30, 2013 2012-A Facility	Dec. 31, 2012 2012-A Facility	Sep. 30, 2013 LCSS Facility (2010-C)	Dec. 31, 2012 LCSS Facility (2010-C)	Nov. 30, 2010 LCSS Facility (2010-C)	Sep. 30, 2013 LCSS Facility (2010-D)	Dec. 31, 2012 LCSS Facility (2010-D)	Nov. 30, 2010 LCSS Facility (2010-D)	Sep. 30, 2013 VIE PLMT Permanent Facility	Sep. 30, 2013 VIE Residual Term Facility	Sep. 30, 2013 VIE Term debt maturing on September 15, 2018	Sep. 30, 2011 VIE Term debt maturing on September 15, 2018	Sep. 30, 2013 VIE Term debt maturing on September 15, 2019	Aug. 31, 2012 VIE Term debt maturing on September 15, 2019	Sep. 30, 2013 VIE Long-Term Presettlement Facility	Dec. 31, 2012 VIE 2012-A Facility	Sep. 30, 2013 VIE 2012-A Facility	Sep. 30, 2013 VIE LCSS Facility (2010-C)	Nov. 30, 2010 VIE LCSS Facility (2010-C)	Sep. 30, 2013 VIE LCSS Facility (2010-D) LCSS III	Nov. 30, 2010 VIE LCSS Facility (2010-D) LCSS III	Dec. 31, 2010 VIE LCSS Facility (2010-D) LCSS, LLC LCSS II	Dec. 31, 2010 VIE LCSS Facility (2010-D) LCSS II LCSS III	Dec. 31, 2010 VIE LCSS Facility (2010-D) LCSS, LLC
VIE long-term debt
VIE long-term debt	$ 154,020	$ 162,799	$ 48,241	$ 50,008	$ 69,560	$ 70,000	$ 13,861	$ 20,289	$ 2,319	$ 2,463	$ 12,880	$ 12,880	$ 12,880	$ 7,159	$ 7,159	$ 7,159
Face amount of debt																	75,000			56,000		14,000	45,100				12,880		7,159
Variable interest rate basis																	one-month LIBOR
Margin added to variable interest rate basis (as a percent)																	1.25%
Interest rate until September 15, 2014 (as a percent)																		8.00%
Interest rate after September 15, 2014 (as a percent)																		9.00%
Frequency of periodic payment																			Annual		Annual
Annual principal payments required																			5,500		2,000
Interest rate (as a percent)																							9.25%		9.25%	10.00%		10.00%
Proceeds from notes																								2,463
Payment to purchase membership interest																																$ 155
Membership interests held (as a percent)																														100.00%	100.00%

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Fair Value Measurements (Tables) (Predecessor)

9 Months Ended

Sep. 30, 2013

Predecessor

Schedule of fair value and amortized costs of notes receivable

	December 31, 2012		September 30, 2013
Amortized cost	$	8,297	$	6,175
Fair market value	$	8,074	$	6,238

Schedule of fair value of assets and liabilities

	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs		Total
	Level I		Level II		Level III		at Fair Value
December 31, 2012:
Assets
Marketable securities:
Equity securities
US large cap	$	40,446	$	—	$	—	$	40,446
US mid cap	8,472		—		—		8,472
US small cap	9,224		—		—		9,224
International	22,651		—		—		22,651
Other equity	789		—		—		789
Total equity securities	81,582		—		—		81,582
Fixed income securities
US fixed income	36,047		—		—		36,047
International fixed income	5,963		—		—		5,963
Other fixed income	11		—		—		11
Total fixed income securities	42,021		—		—		42,021
Other securities
Cash & cash equivalents	4,789		—		—		4,789
Alternative investments	483		—		—		483
Annuities	2,239		—		—		2,239
Total other securities	7,511		—		—		7,511
Total marketable securities	131,114		—		—		131,114
VIE and other finance receivables, at fair market value	—		—		3,615,188		3,615,188
Notes receivable, at fair market value	—		—		8,074		8,074
Life settlement contracts, at fair market value (1)	—		—		1,724		1,724
Total Assets	$	131,114	$	—	$	3,624,986	$	3,756,100
Liabilities
VIE long-term debt issued by securitization and permanent financing trusts, at fair market value	$	—	$	—	$	3,229,591	$	3,229,591
VIE derivative liabilities, at fair market value	—		121,498		—		121,498
Total Liabilities	$	—	$	121,498	$	3,229,591	$	3,351,089
September 30, 2013:
Assets
Marketable securities:
Equity securities
US large cap	$	44,765	$	—	$	—	$	44,765
US mid cap	9,125		—		—		9,125
US small cap	10,481		—		—		10,481
International	22,233		—		—		22,233
Other equity	821		—		—		821
Total equity securities	87,425		—		—		87,425
Fixed income securities
US fixed income	33,263		—		—		33,263
International fixed income	5,303		—		—		5,303
Other fixed income	30		—		—		30
Total fixed income securities	38,596		—		—		38,596
Other securities
Cash & cash equivalents	3,754		—		—		3,754
Alternative investments	645		—		—		645
Annuities	2,193		—		—		2,193
Total other securities	6,592		—		—		6,592
Total marketable securities	132,613		—		—		132,613
VIE and other finance receivables, at fair market value	—		—		3,888,893		3,888,893
Notes receivable, at fair market value	—		—		6,238		6,238
Total Assets	$	132,613	$	—	$	3,895,131	$	4,027,744
Liabilities
VIE long-term debt issued by securitization and permanent financing trusts, at fair market value	$	—	$	—	$	3,437,861	$	3,437,861
VIE derivative liabilities, at fair market value	—		81,125				81,125
Total Liabilities	$	—	$	81,125	$	3,437,861	$	3,518,986

(1) Included in other assets on the Company’s condensed consolidated balance sheets.

Schedule of the Company's quantitative information about Level 3 fair value measurements

December 31, 2012:	Fair Value		Valuation Technique	Unobservable Input	Range (Weighted Avg)
Assets
VIE and other finance receivables, at fair market value	$	3,615,188	Discounted cash flow	Discount rate	2.68% - 12.52% (3.99%)
Notes receivable, at fair market value	8,074		Discounted cash flow	Discount rate	9.78% (9.78%)
Life settlement contracts, at fair market value	1,724		Model actuarial pricing	Life expectancy Discount rate	16 to 260 months (147) 18.50% (18.50%)
Total Assets	$	3,624,986
Liabilities
VIE long-term debt issued by securitization and permanent financing trusts, at fair market value	$	3,229,591	Discounted cash flow	Discount rate	0.53% - 12.38% (3.43%)
Total Liabilities	$	3,229,591
September 30, 2013:	Fair Value		Valuation Technique	Unobservable Input	Range (Weighted Avg)
Assets
VIE and other finance receivables, at fair market value	$	3,888,893	Discounted cash flow	Discount rate	2.59% - 12.98% (3.99%)
Notes receivable, at fair market value	6,238		Discounted cash flow	Discount rate	7.71% (7.71%)
Life settlement contracts, at fair market value	—		Model actuarial pricing	Life expectancy Discount rate	7 to 251 months (140) 18.50% (18.50%)
Total Assets	$	3,895,131
Liabilities
VIE long-term debt issued by securitization and permanent financing trusts, at fair market value	$	3,437,861	Discounted cash flow	Discount rate	0.74% - 12.67% (3.60%)
Total Liabilities	$	3,437,861

Schedule of changes in assets measured at fair value using significant unobservable inputs (Level 3)

	VIE and other finance receivables, at fair market value			Life settlement contracts, at fair market value			Notes receivable, at fair market value			Total
Balance at December 31, 2011	$	3,041,090		$	6,214		$	12,765		$	3,060,069
Total gains (losses):
Included in earnings / losses	346,746			(517		)	—			346,229
Included in other comprehensive gain	—			—			279			279
Purchases	259,005			—			—			259,005
Premiums paid	—			935			—			935
Sales	(447		)	(3,917		)	—			(4,364		)
Lapsed policies	—			—			—			—
Interest accreted	111,798			—			—			111,798
Payments received	(303,721		)	—			(3,453		)	(307,174		)
Maturities	—			—			—			—
Transfers in and/or out of Level 3	—			—			—			—
Balance at September 30, 2012	$	3,454,471		$	2,715		$	9,591		$	3,466,777
The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held at:
September 30, 2012	$	346,155		$	(132	)	$	—		$	346,023
Balance at December 31, 2012	$	3,615,188		$	1,724		$	8,074		$	3,624,986
Total gains (losses):
Included in earnings / losses	197,429			(22		)	—			197,407
Included in other comprehensive gain	—			—			502			502
Purchases	300,452			—			—			300,452
Premiums paid	—			241			—			241
Sales	—			—			—			—
Lapsed policies	—			—			—			—
Interest accreted	107,784			—			—			107,784
Payments received	(322,345		)	—			(2,338		)	(324,683		)
Maturities	—			(51		)	—			(51		)
Asset distribution	(9,615		)	(1,892		)	—			(11,507		)
Transfers in and/or out of Level 3	—			—			—			—
Balance at September 30, 2013	$	3,888,893		$	—		$	6,238		$	3,895,131
The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held at:
September 30, 2013	$	197,429		$	31		$	—		$	197,460

Schedule of changes in liabilities measured at fair value using significant unobservable inputs (Level 3)

	VIE long-term debt issued by securitizations and permanent financing trusts
Balance at December 31, 2011	$	2,663,873
Total (gains) losses:
Included in earnings / losses	157,998
Issuances	400,881
Interest accreted	(25,207		)
Repayments	(169,693		)
Transfers in and/or out of Level 3	—
Balance at September 30, 2012	$	3,027,852
The amount of total (gains) losses for the period included in earnings attributable to the change in unrealized gains or losses relating to long- term debt still held at:
September 30, 2012	$	157,998
Balance at December 31, 2012	$	3,229,591
Total (gains) losses:
Included in earnings / losses	23,769
Issuances	406,240
Interest accreted	(35,863		)
Repayments	(185,876		)
Transfers in and/or out of Level 3	—
Balance at September 30, 2013	$	3,437,861
The amount of total (gains) losses for the period included in earnings attributable to the change in unrealized gains or losses relating to long- term debt still held at:
September 30, 2013	$	23,769

Schedule of realized and unrealized gains and losses included in earnings in the accompanying consolidated statements of operations

	VIE and other finance receivables and long- term debt		Life settlement contracts income
Total gains (losses) included in earnings in the three months ended September 30, 2012	$	57,142	$	183
Change in unrealized gains (losses) in the three months ended September 30, 2012 relating to assets still held at the reporting date	$	57,142	$	183
Total gains (losses) included in earnings in the three months ended September 30, 2013	$	46,020	$	51
Change in unrealized gains (losses) in the three months ended September 30, 2013 relating to assets still held at the reporting date	$	46,020	$	51
Total gains (losses) included in earnings in the nine months ended September 30, 2012	$	188,748	$	(517	)
Change in unrealized gains (losses) in the nine months ended September 30, 2012 relating to assets still held at the reporting date	$	188,157	$	(132	)
Total gains (losses) included in earnings in the nine months ended September 30, 2013	$	173,660	$	(22	)
Change in unrealized gains (losses) in the nine months ended September 30, 2013 relating to assets still held at the reporting date	$	173,660	$	31

Schedule of estimated fair values of financial instruments

	December 31,				September 30,
	2012				2013
	Estimated				Estimated
	Fair		Carrying		Fair		Carrying
	Value		Amount		Value		Amount
Financial assets
Marketable securities	$	131,114	$	131,114	$	132,613	$	132,613
VIE and other finance receivables, at fair market value	3,615,188		3,615,188		3,888,893		3,888,893
VIE and other finance receivables, net of allowance for losses (1)	145,155		150,353		127,413		133,505
Life settlement contracts, at fair market value	1,724		1,724		—		—
Notes receivable, at fair market value	8,074		8,074		6,238		6,238
Notes receivable, due from affiliate (1)	5,243		5,243		—		—
Other receivables, net of allowance for losses (1)	13,146		13,146		14,269		14,269
Financial liabilities
VIE derivative liabilities, at fair market value	121,498		121,498		81,125		81,125
VIE borrowings under revolving credit facilities and other similar borrowings (1)	28,198		27,380		50,655		49,168
VIE long-term debt (1)	158,801		162,799		149,954		154,020
VIE long-term debt issued by securitization and permanent financing trusts, at fair market value	3,229,591		3,229,591		3,437,861		3,437,861
Installment obligations payable (1)	131,114		131,114		132,613		132,613
Term loan payable (1)	142,441		142,441		556,422		556,422

(1) These represent financial instruments not recorded in the condensed consolidated balance sheets at fair value.  Such financial instruments would be classified as Level 3 within the fair value hierarchy.

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Subsequent Events (Details) (USD $)		0 Months Ended			9 Months Ended	0 Months Ended		0 Months Ended	9 Months Ended		0 Months Ended									0 Months Ended
	Sep. 30, 2013	Nov. 14, 2013 Subsequent Events JGWPT Holdings, LLC	Nov. 14, 2013 Subsequent Events Class A Shares	Nov. 14, 2013 Subsequent Events Class A Shares JGWPT Holdings, LLC	Sep. 30, 2013 Subsequent Events Class A Shares JGWPT Holdings, LLC	Nov. 14, 2013 Subsequent Events Class A Shares Underwriter's overallotment option	Nov. 14, 2013 Subsequent Events Class C	Nov. 14, 2013 Subsequent Events Class C PGHI Corp	Sep. 30, 2013 Predecessor New term loan Eurodollar	Sep. 30, 2013 Predecessor New term loan Base rate	Oct. 10, 2013 Predecessor Subsequent Events 2013-3	Oct. 18, 2013 Predecessor Subsequent Events Long-term debt SRF6 VIE	Dec. 06, 2013 Predecessor Subsequent Events New term loan	Dec. 06, 2013 Predecessor Subsequent Events New term loan Eurodollar	Dec. 06, 2013 Predecessor Subsequent Events New term loan Base rate	Oct. 02, 2013 Predecessor Subsequent Events JGW IV Credit facility	Dec. 18, 2013 Predecessor Subsequent Events JGW IV Credit facility	Oct. 21, 2013 Predecessor Subsequent Events Peach One Credit facility	Sep. 30, 2013 Predecessor Subsequent Events Peach One Credit facility	Nov. 15, 2013 Predecessor Subsequent Events JGW VII, LLC Credit facility	Nov. 15, 2013 Predecessor Subsequent Events JGW VII, LLC Credit facility LIBOR	Nov. 15, 2013 Predecessor Subsequent Events JGW VII, LLC Credit facility Commercial paper rate
Subsequent events
Maximum borrowing capacity																$ 200,000,000	$ 50,000,000	$ 35,000,000	$ 40,000,000	$ 300,000
Variable rate basis																one-month LIBOR					one-month LIBOR	commercial paper rate
Margin on variable rate (as a percent)									7.50%	6.50%				6.00%	5.00%	3.25%						2.75%
Bond size											212,700,000
Deal discount rate (as a percent)											4.37%
Repayment of long term debt												64,000,000	123,000,000
Gain on debt extinguishment												22,300,000
Prepayment fees												3,400,000
Hedge breakage costs												4,500,000
Shares issued in initial public offering			11,212,500			1,462,500
Par value per share (in dollars per share)	$ 0.00001		$ 0.00001				$ 0.00001
Net proceeds from initial public offering			141,400,000
Number of common interests acquired		11,212,500
Ownership interest (as a percent)		37.90%
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners		62.10%
Shares issued pursuant to merger				1	1			1
Revolving period																				3 years
Amortization period																				24 months
Unused line fee (as a percent)																				0.50%
Interest rate floor (as a percent)									1.50%	2.50%				1.00%	2.00%
Amendment, legal and other fees													$ 13,000,000

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VIE and Other Finance Receivables, net of Allowance for Losses (Predecessor)

9 Months Ended

Sep. 30, 2013

Predecessor

VIE and Other Finance Receivables, net of Allowance for Losses

6. VIE and Other Finance Receivables, net of Allowance for Losses

VIE and other finance receivables, net of allowance for losses, as of December 31, 2012 and September 30, 2013 consist of the following:

	December 31, 2012			September 30, 2013
Structured settlements and annuities	$	79,653		$	76,640
Less: unearned income	(53,398		)	(50,552		)
	26,255			26,088
Lottery winnings	97,204			89,232
Less: unearned income	(33,768		)	(29,500		)
	63,436			59,732
Pre-settlement funding transactions	62,775			55,460
Less: deferred revenue	(4,296		)	(2,872		)
	58,479			52,588
Life insurance premium financing	3,807			—
Less: deferred revenue	(43		)	—
	3,764			—
Attorney cost financing	3,072			2,480
Less: deferred revenue	(3		)	—
	3,069			2,480
VIE and other finance receivables, gross	155,003			140,888
Less: allowance for losses	(4,650		)	(7,383		)
VIE and other finance receivables, net	$	150,353		$	133,505

Encumbrances on VIE and other finance receivables, net are as follows:

Encumbrance	December 31, 2012		September 30, 2013
VIE securitization debt (2)	$	80,826	$	79,193
$40 million pre-settlement credit facility (1)	25,859		23,463
$45.1 million long-term presettlement facility (2)	19,389		12,775
$2.4 million long-term facility (2)	2,663		2,532
Total VIE finance receivables, net of allowances	128,737		117,963
Not encumbered	21,616		15,542
Total VIE and other finance receivables, net of allowances	$	150,353	$	133,505

(1) See Note 7

(2) See Note 8

Activity in the allowance for losses for VIE and other finance receivables for the three and nine-months ended September 30, 2012 and 2013 was as follows:

	Structured settlements and annuities			Lottery			Pre-settlement funding transactions			Life insurance premium financing			Attorney cost financing			Total
Three-months ended September 30, 2012:
Allowance for losses:
Balance at beginning of period	$	(381	)	$	(1	)	$	(1,644	)	$	—		$	(482	)	$	(2,508	)
Provision for loss	—			55			(504		)	2			106			(341		)
Charge-offs	49			18			65			—			19			151
Recoveries	—			(72		)	(479		)	(2		)	—			(553		)
Balance at end of period	$	(332	)	$	—		$	(2,562	)	$	—		$	(357	)	$	(3,251	)
Three-months ended September 30, 2013:
Allowance for losses:
Balance at beginning of period	$	(182	)	$	—		$	(6,282	)	$	—		$	(293	)	$	(6,757	)
Provision for loss	51			85			(1,836		)	—			10			(1,690		)
Charge-offs	85			—			1,064			—			—			1,149
Recoveries	—			(85		)	—			—			—			(85		)
Balance at end of period	$	(46	)	$	—		$	(7,054	)	$	—		$	(283	)	$	(7,383	)
Nine-months ended September 30, 2012:
Allowance for losses:
Balance at beginning of period	$	(345	)	$	(1	)	$	(670	)	$	—		$	(5	)	$	(1,021	)
Provision for loss	(26		)	(48		)	(1,522		)	75			(366		)	(1,887		)
Charge-offs	75			139			109			—			14			337
Recoveries	(36		)	(90		)	(479		)	(75		)	—			(680		)
Other	—			—			—			—			—			—
Balance at end of period	$	(332	)	$	—		$	(2,562	)	$	—		$	(357	)	$	(3,251	)
Individually evaluated for impairment	$	(332	)	$	—		$	(313	)	$	—		$	—		$	(645	)
Collectively evaluated for impairment	—			—			(2,249		)	—			(357		)	(2,606		)
Balance at end of period	$	(332	)	$	—		$	(2,562	)	$	—		$	(357	)	$	(3,251	)
VIE and other finance receivables, net:
Individually evaluated for impairment	$	24,987		$	65,764		$	436		$	—		$	—		$	91,187
Collectively evaluated for impairment	—			—			53,749			4,800			3,458			62,007
Ending Balance	$	24,987		$	65,764		$	54,185		$	4,800		$	3,458		$	153,194
Nine-months ended September 30, 2013:
Allowance for losses:
Balance at beginning of period	$	(181	)	$	(6	)	$	(4,194	)	$	—		$	(269	)	$	(4,650	)
Provision for loss	(88		)	96			(4,370		)	2			(14		)	(4,374		)
Charge-offs	224			35			1,510			—			—			1,769
Recoveries	(1		)	(125		)	—			(2		)	—			(128		)
Balance at end of period	$	(46	)	$	—		$	(7,054	)	$	—		$	(283	)	$	(7,383	)
Individually evaluated for impairment	$	(46	)	$	—		$	(2,095	)	$	—		$	—		$	(2,141	)
Collectively evaluated for impairment	—			—			(4,959		)	—			(283		)	(5,242		)
Balance at end of period	$	(46	)	$	—		$	(7,054	)	$	—		$	(283	)	$	(7,383	)
VIE and other finance receivables, net:
Individually evaluated for impairment	$	26,042		$	59,732		$	2,514		$	—		$	—		$	88,288
Collectively evaluated for impairment	—			—			43,020			—			2,197			45,217
Ending Balance	$	26,042		$	59,732		$	45,534		$	—		$	2,197		$	133,505

Management makes significant estimates in determining the allowance for losses on finance receivables. Consideration is given to a variety of factors in establishing these estimates, including current economic conditions and anticipated delinquencies. Since the allowance for losses is dependent on general and other economic conditions beyond the Company’s control, it is at least reasonably possible that the estimate for the allowance for losses could differ materially from the currently reported amount in the near term.  At December 31, 2012 and September 30, 2013, the Company had impaired pre-settlement funding transactions in the amount of $2,521 and $3,453, respectively and has discontinued recognition of the income on these items.  The Company had no impaired attorney cost financing advances as of December 31, 2012 and September 30, 2013, respectively.

Pre-settlement funding transactions and attorney cost financing are usually outstanding for a period of time exceeding one year.  The Company performs underwriting procedures to assess the quality of the underlying pending litigation collateral prior to entering into these transactions.  The underwriting process involves an evaluation of each transaction’s case merits, counsel track record, and case concentration.

The Company assesses the status of the individual pre-settlement funding transactions at least once every 120 days to determine whether there are any case specific concerns that need to be addressed and included in the allowance for losses on finance receivables.  The Company also analyzes pre-settlement funding transactions on a portfolio basis based on the transactions’ age as the ability to collect is correlated to the duration of time the advances are outstanding.

The following table presents gross pre-settlement funding transactions as of December 31, 2012 and September 30, 2013 based on their year of origination:

Year of Origination	December 31, 2012		September 30, 2013
2009	6,276		5,270
2010	9,891		6,116
2011	17,770		11,978
2012	28,838		19,522
2013	—		12,574
	$	62,775	$	55,460

Based on historical portfolio experience, the Company has reserved for pre-settlement and attorney cost financing receivables of $4,194 and $269 as of December 31, 2012 and $7,054 and $283 as of September 30, 2013, respectively.

The following table presents portfolio delinquency status as of December 30, 2012 and September 30, 2013, respectively:

													VIE and Other
	30-59		60-89		Greater						VIE and Other Finance		Finance Receivables, net
	Days		Days		than		Total				Receivables,		> 90 days
	Past Due		Past Due		90 Days		Past Due		Current		net		accruing
December 31, 2012:
Structured settlements and annuities	$	8	$	—	$	54	$	62	$	26,012	$	26,074	$	—
Lottery winnings	—		—		—		—		63,430		63,430		—
Life insurance premium financing	—		—		—		—		3,764		3,764		—
Total	$	8	$	—	$	54	$	62	$	93,206	$	93,268	$	—
September 30, 2013:
Structured settlements and annuities	$	—	$	—	$	172	$	172	$	25,870	$	26,042	$	—
Lottery winnings	—		—		—		—		59,732		59,732		—
Life insurance premium financing	—		—		—		—		—		—		—
Total	$	—	$	—	$	172	$	172	$	85,602	$	85,774	$	—

Pre-settlement funding transactions and attorney cost financing do not have set due dates as payment is dependent on the underlying case settling.

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VIE and Other Finance Receivables, at Fair Market Value (Tables) (Predecessor)

9 Months Ended

Sep. 30, 2013

Predecessor

Schedule of VIE and other finance receivables for which the fair value option was elected

	December 31, 2012			September 30, 2013
Maturity value	$	5,335,328		$	5,784,472
Unearned income	(1,720,140		)	(1,895,579		)
Net carrying amount	$	3,615,188		$	3,888,893

Schedule of encumbrances on VIE and other finance receivables, at fair value

Encumbrance	December 31, 2012		September 30, 2013
VIE securitization debt (2)	$	3,550,394	$	3,773,189
$100 million credit facility (1)	230		19,014
$200 million credit facility (1)	7,059		13,924
$300 million credit facility (1)	8,277		19,480
$50 million permanent financing related to 2011-A	20,505		36,005
Total VIE finance receivables at fair value	3,586,465		3,861,612
Not encumbered	28,723		27,281
Total VIE and other finance receivables at fair value	$	3,615,188	$	3,888,893

(1) See Note 7

(2) See Note 9

Schedule of servicing fee

	Three-Months Ended September 30,				Nine-Months Ended September 30,
	2012		2013		2012		2013
Servicing fees	$	258	$	239	$	803	$	714

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VIE Long-Term Debt (Predecessor)

9 Months Ended

Sep. 30, 2013

Predecessor

VIE Long-Term Debt

8. VIE Long-Term Debt

At December 31, 2012 and September 30, 2013, the VIE long-term debt consisted of the following:

	December 31, 2012		September 30, 2013
PLMT Permanent Facility	$	50,008	$	48,241
Residual Term Facility	70,000		69,560
Long-Term Presettlement Facility	20,289		13,861
2012-A Facility	2,463		2,319
LCSS Facility (2010-C)	12,880		12,880
LCSS Facility (2010-D)	7,159		7,159
	$	162,799	$	154,020

PLMT Permanent Facility

The Company has a $75,000 floating rate asset backed loan with interest payable monthly at one-month LIBOR plus 1.25% which is currently in a runoff mode with the outstanding balance being reduced by periodic cash collections on the underlying lottery receivables. The loan matures on November 1, 2038.

The debt agreement with the counterparty requires PLMT to hedge each lottery receivable with a pay fixed and receive variable interest rate swap with the counterparty. The swaps are recorded at fair value in VIE derivative liabilities, at fair market value on the condensed consolidated balance sheets.

Residual Term Facility

In September 2011, the Company issued term debt of $56,000 to a financial institution.  In August 2012, the Company issued additional term debt of $14,000 to the same financial institution.  The residual term debt is collateralized by notes receivable and the cash flows from securitization residuals related to certain securitizations.  Interest on the residual term debt facility is payable monthly at 8.0% until September 15, 2014 and 9.0% thereafter.  The $56,000 term debt matures on September 15, 2018 and the $14,000 term debt matures on September 15, 2019.  Principal payments from collateral cash flows began in September 2013.  In addition, the $56,000 term debt requires annual principal payments of $5,500 beginning on September 15, 2014 and continuing through 2018, the $14,000 term debt requires annual principal payments of $2,000 beginning on September 15, 2014 and continuing through 2019.

Long-Term Pre-settlement Facility

The Company has a $45,100 fixed rate note, of which, $20,289 is outstanding at December 31, 2012 and $13,861 is outstanding at September 30, 2013 and bearing interest at 9.25% annually.   Interest and principal is payable monthly from the cash receipts of collateralized pre-settlement receivables.  The note matures on June 6, 2016.

2012-A Facility

In December 2012, the Company issued a series of notes collateralized by structured settlements.  The proceeds of the notes were $2,463 at a fixed interest rate of 9.25%.  Interest and principal are payable monthly from cash receipts of collateralized structured settlement receivables. The notes mature on June 15, 2024.

Long-term Debt for Life Contingent Structured Settlements (2010-C & 2010-D)

LCSS Facility (2010-C)

In November 2010, the Company issued a private asset class securitization note registered under Rule 144A under the Securities Act of 1933, as amended (“Rule 144A”). The 2010-C bond issuance of $12,880 is collateralized by life-contingent structured settlements.  2010-C accrues interest at 10% per annum and matures on March 15, 2039.

The interest and, if available, principal payments are payable monthly from cash receipts of collateralized life-contingent structured settlements receivables.

LCSS Facility (2010-D)

In December 2010, the Company paid $155 to purchase the membership interests of LCSS, LLC from JLL Partners. LCSS, LLC owns 100% of the membership interests of LCSS II, which owns 100% of the membership interests of LCSS III.  In November 2010, LCSS III issued $7,159 long-term debt 2010-D collateralized by life-contingent structured settlements.   2010-D accrues interest at 10% per annum and matures on July 15, 2040.

The interest and, if available, principal payments are payable monthly from cash receipts of collateralized life-contingent structured settlements receivables.

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SUBSEQUENT EVENTS (JGWPT Holdings Inc.)

9 Months Ended

Sep. 30, 2013

Subsequent Events

SUBSEQUENT EVENTS

4. SUBSEQUENT EVENTS

On November 14, 2013, the Corporation consummated an initial public offering whereby 11,212,500 shares of its Class A common stock, par value $0.00001 per share (the “Class A Shares”), were sold to the public for net proceeds of $141.4 million, after payment of underwriting discounts and estimated offering expenses. The 11,212,500 shares sold were inclusive of 1,462,500 Class A Shares sold pursuant to the full exercise of an overallotment option granted to the underwriters which was consummated on December 11, 2013.  The net proceeds from the initial public offering were used purchase 11,212,500 newly issued JGWPT Holdings, LLC common interests directly from JGWPT Holdings, LLC representing 37.9% of the then outstanding membership interests of JGWPT Holdings, LLC.  Concurrently with the consummation of the Corporation’s initial public offering, the Corporation amended and restated its certificate of incorporation to provide for, among other things, the issuance of Class A Shares, shares of Class B common stock, par value $0.00001 per share (the “Class B Shares”), and shares of Class C common stock, par value $0.00001 per share (the “Class C Shares”).  Also concurrently with the consummation of the Corporation’s initial public offering, JGWPT Holdings, LLC merged with and into a newly formed subsidiary of the Corporation and the surviving, newly formed subsidiary changed its name to JGWPT Holdings, LLC.

Pursuant to this merger, the operating agreement of JGWPT Holdings, LLC was amended and restated such that, among other things, (i) the Corporation became the sole managing member of JGWPT Holdings, LLC, (ii) JGWPT Holdings, LLC common interests became exchangeable for one Class A Share, or in the case of Peach Group Holdings, Inc. (“PGHI Corp.”), one share of the Corporation’s Class C Shares. Additionally, in connection with merger, each holder of JGWPT Holdings, LLC common interests, other than PGHI Corp., was issued an equivalent number of shares of the Corporation’s “vote-only” Class B Shares.  As a result of these transactions, as of and subsequent to November 14, 2013, the Corporation will consolidate the financial results of JGWPT Holdings, LLC with its own and reflect the 62.1% membership interest in JGWPT Holdings, LLC it does not own as a non-controlling interest in its consolidated financial statements.

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Condensed Consolidated Balance Sheets (JGWPT Holdings Inc.) (Parantheticals) (USD $)	Sep. 30, 2013
Condensed Consolidated Balance Sheets
Common stock, par value (in dollars per share)	$ 0.00001
Common stock, authorized shares	1,000
Common stock, shares issued	0
Common stock, shares outstanding	0

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Background and Basis of Presentation (Predecessor)

9 Months Ended

Sep. 30, 2013

Predecessor

Background and Basis of Presentation

1. Background and Basis of Presentation

Organization and Description of Business Activities

J.G. Wentworth, LLC was formed on July 1, 2005 as a wholly-owned subsidiary of JGW Holdco, LLC (“Holdco”). Holdco is currently owned by its members, JLL JGW Distribution, LLC, a Delaware limited liability company, and J.G. Wentworth, Inc.

In July 2011, the Company, Orchard Acquisition Company, LLC (“OAC”) and its subsidiaries and PGHI Corp., formed JGWPT Holdings, LLC, a Delaware limited liability company.   JGWPT Holdings, LLC then formed JGW Holdings Merger Sub, LLC (“Merger Sub”), a Delaware limited liability company, as its wholly-owned subsidiary. Merger Sub was merged with and into the Company, with the Company continuing as the surviving entity in the merger, and as a result of this merger (i) all of the outstanding equity interests of the Company were converted into identical corresponding equity interests in JGWPT Holdings, LLC, (ii) all of the outstanding equity interests in JGWPT Holdings, LLC held by the Company were cancelled, and (iii) each outstanding equity interest in Merger Sub was converted into one common interest in the Company. As a result, the Company became a wholly-owned subsidiary of JGWPT Holdings, LLC, with all outstanding equity interests formerly held in the Company held in JGWPT Holdings, LLC. Subsequently, as part of the merger, OAC became a wholly-owned subsidiary of the Company (the “OAC Merger”).

The Company, operating through its subsidiaries and affiliates, has its principal office in Radnor, Pennsylvania. The Company provides liquidity to individuals with financial assets such as structured settlements, annuities, lottery winnings, and others by either purchasing these financial assets for a lump-sum payment, issuing installment obligations payable over time, or serving as a broker to other purchasers of financial assets.  The Company also provides pre-settlement funding to people with pending personal injury claims. The Company engages in warehousing and subsequent resale or securitization of these various financial assets.

The Corporation was incorporated as a Delaware corporation on June 21, 2013.   The Corporation was formed for the purpose of completing an initial public offering and related transactions in order to carry on the business of JGWPT Holdings, LLC as a publicly-traded company.

Concurrently with the initial public offering of the Corporation on November 14, 2013, JGWPT Holdings, LLC’s operating agreement was amended and restated such that, among other things, JGWPT Holdings Inc. became the sole managing member of JGWPT Holdings, LLC as of that date. These transactions are described in Note 17.

Basis of Presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and Article 10 of Regulation S-X and do not include all of the information required by GAAP for complete financial statements.  In the opinion of management, the unaudited financial statements reflect all adjustments which are necessary for a fair presentation of financial position, results of operations, and cash flows for the interim periods presented. All such adjustments are of a normal, recurring nature.  The results of operations for interim periods are not necessarily indicative of the results for the entire year.

The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts reported in the unaudited consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods.  The most significant balance sheet accounts that could be affected by such estimates are variable interest entity (“VIE”) and other finance receivables, at fair market value, VIE derivative liabilities at fair market value, VIE long-term debt issued by securitization and permanent financing trusts at fair market value, intangible assets and goodwill. Actual results could differ from those estimates and such differences could be material. These interim financial statements should be read in conjunction with the Company’s 2012 audited consolidated financial statements that are included in our Post-Effective Amendment No. 1 to Form S-1 Registration Statement filed on November 8, 2013.

The accompanying unaudited condensed consolidated financial statements include the accounts of the Company, its wholly-owned subsidiaries, including those entities that are considered VIEs, and where the Company has been determined to be the primary beneficiary in accordance with Accounting Standards Codification (“ASC”) 810, Consolidation (“ASC 810”).  Excluded from the consolidated financial statements of the Company are those entities that are considered VIEs and where the Company has been deemed not to be the primary beneficiary according to ASC 810.  The December 31, 2012 consolidated financial statements also included the accounts of American Insurance Strategies Fund II, LP (“AIS Fund II”) for which the Company was the general partner.  The limited partners’ interests are reflected as non-controlling interests in the Company’s consolidated financial statements.  In 2012, the assets of the AIS Fund II were liquidated and distributed to the partners.

All material inter-company balances and transactions are eliminated in consolidation.

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Document and Entity Information	9 Months Ended
	Sep. 30, 2013	Dec. 18, 2013
Document and Entity Information
Entity Registrant Name	JGWPT Holdings Inc.
Entity Central Index Key	0001580185
Document Type	10-Q
Document Period End Date	Sep. 30, 2013
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	No
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		11,220,358
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q3

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Recently Issued Accounting Statements (Predecessor)

9 Months Ended

Sep. 30, 2013

Predecessor

Recently Issued Accounting Statements

2. Recently Issued Accounting Statements

Effective January 1, 2013, the Company adopted ASU 2011-11, Disclosures about Offsetting Assets and Liabilities. The ASU requires disclosures that affect all entities with financial instruments and derivatives that are either offset on the balance sheet in accordance with ASC 210-20-45 or ASC 815-10-45, or subject to a master netting arrangement, irrespective of whether they are offset on the balance sheet.  Entities should provide the disclosures required by ASU No. 2011-11 retrospectively for all comparative periods presented.   Adoption of ASU 2011-11 did not impact the Company’s financial statements.

Effective January 1, 2013, the Company early adopted ASU 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. The ASU requires entities to report, either on the face of the income statement or in the notes, the effect of significant reclassifications out of accumulated other comprehensive income (“AOCI”) on the respective line items in net income if the amount being reclassified is required under GAAP to be reclassified in its entirety to net income. For other amounts that are not required under GAAP to be reclassified in their entirety from AOCI to net income in the same reporting period, an entity is required to cross-reference other disclosures required under GAAP that provide additional detail about those amounts.  The Company did not record any reclassifications out of accumulated other comprehensive income during the three-months ended September 30, 2013.  The Company did record the following reclassifications out of accumulated other comprehensive income during the nine-months ended September 30, 2013 as a result of the associated notes maturing during the period:

Details about accumulated other comprehensive income components	Amount reclassified from accumulated other comprehensive income		Affected line item in the statement of operations
Unrealized gains and losses on available-for-sale securities	$	1,862	Realized loss on notes receivable, at fair market value

As discussed more fully in Note 3 of the Company’s 2012 audited consolidated financial statements, the notes receivable are treated as debt securities, classified as available-for-sale, and carried at fair value.  The remaining $6,238 of notes receivable, at fair market value at September 30, 2013, are expected to mature in 2018.

In July 2013, the FASB issued ASU No. 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (“ASU 2013-11”). ASU 2013-11 requires, unless certain conditions exists, an unrecognized tax benefit, or a portion of an unrecognized tax benefit, to be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, similar tax loss, or a tax credit carryforward. ASU 2013-11 is effective prospectively for reporting periods beginning after December 15, 2013, with early adoption permitted. Retrospective application is permitted. The Company does not anticipate the adoption of this amendment will have a material impact on its financial statements.

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ORGANIZATION (JGWPT Holdings Inc.)

9 Months Ended

Sep. 30, 2013

Background and Basis of Presentation

ORGANIZATION

1. ORGANIZATION

JGWPT Holdings Inc., formerly known as Wentworth Financial Holdings Inc. (the “Corporation”), was incorporated as a Delaware corporation on June 21, 2013.   The Corporation was formed for the purpose of completing a public offering and related transactions in order to carry on the business of JGWPT Holdings, LLC, a Delaware limited liability company, as a publicly-traded company. Wentworth Financial Holdings Inc. changed its name to JGWPT Holdings Inc. on October 3, 2013.

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Condensed Consolidated Balance Sheets (Parantheticals) (Predecessor, USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Predecessor
VIE finance receivables, allowance for losses	$ 5,348	$ 3,717
Other finance receivables, allowance for losses	2,035	933
Other receivables, allowance for losses	251	276
Fixed assets, accumulated depreciation	4,514	3,128
Intangible assets, accumulated amortization	$ 16,899	$ 14,257

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Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013		Dec. 31, 2012
ASSETS
Total assets	$ 0
Predecessor
ASSETS
Cash and cash equivalents	39,355		103,137
Restricted cash and investments	107,995		112,878
VIE finance receivables, at fair market value	3,861,612	[1]	3,586,465	[1]
Other finance receivables, at fair market value	27,281		28,723
VIE finance receivables, net of allowance for losses of $3,717 and $5,348, respectively	117,963	[1]	128,737	[1]
Other finance receivables, net of allowance for losses of $933 and $2,035, respectively	15,542		21,616
Notes receivable, at fair market value	6,238	[1]	8,074	[1]
Note receivable due from affiliate			5,243
Other receivables, net of allowance for losses of $276 and $251, respectively	14,269		13,146
Fixed assets, net of accumulated depreciation of $3,128 and $4,514, respectively	7,319		6,321
Intangible assets, net of accumulated amortization of $14,257 and $16,899, respectively	48,760		51,277
Goodwill	84,993		84,993
Marketable securities	132,613		131,114
Deferred tax assets, net	1,777		2,455
Other assets	31,350		14,418
Total assets	4,497,067		4,298,597
LIABILITIES AND MEMBER'S CAPITAL
Accounts payable	7,639		8,630
Accrued expenses	18,776		12,440
Accrued interest	13,158		11,687
VIE derivative liabilities, at fair market value	81,125		121,498
VIE borrowings under revolving credit facilities and other similar borrowings	49,168		27,380
VIE long-term debt	154,020		162,799
VIE long-term debt issued by securitization and permanent financing trusts, at fair market value	3,437,861		3,229,591
Term loan payable	556,422		142,441
Other liabilities	8,289		8,199
Installment Obligations Payable	132,613		131,114
Total liabilities	4,459,071		3,855,779
Member's capital	37,996		442,818
Total liabilities and member's capital	$ 4,497,067		$ 4,298,597

[1] Pledged as collateral to credit and long-term debt facilities

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VIE Borrowings Under Revolving Credit Facilities and Other Similar Borrowings (Predecessor)

9 Months Ended

Sep. 30, 2013

Predecessor

VIE Borrowings Under Revolving Credit Facilities and Other Similar Borrowings

7. VIE Borrowings Under Revolving Credit Facilities and Other Similar Borrowings

At December 31, 2012 and September 30, 2013, VIE borrowings under revolving credit facilities and other similar borrowings on the condensed consolidated balance sheets consist of the following:

		December 31,			September 30,
	Entity	2012			2013
$100 million variable funding note facility with interest payable monthly at 9.0%, collateralized by JGW-S III’s structured settlements receivables, 2-year revolving period with 18 months amortization period thereafter upon notice by the issuer or the note holder with all principal and interest outstanding payable no later than October 15, 2048. JGW-S III is charged monthly an unused fee of 1.00% per annum for the undrawn balance of its line of credit.	JGW-S III	$	183		$	12,050
$200 million credit facility, interest payable monthly at the rate greater of 5.00% or the sum of LIBOR plus applicable margin (5.0% at December 31, 2012 and September 30, 2013), maturing on February 17, 2016 , collateralized by JGW IV’s structured settlements and annuity receivables. JGW IV, LLC is charged monthly an unused fee of 0.50% per annum for the undrawn balance of its line of credit.	JGW IV	4,171			10,231
$300 million multi-tranche and lender credit facility, interest payable monthly. The Facility was revised on July 24, 2013 as follows: Tranche A rate comprises 3.0% and either the LIBOR or the Commercial Paper rate depending on the lender (3.18% and 3.29% at September 30, 2013). Tranche B rate is 5.5% plus LIBOR (5.68% at September 30, 2013). The facility matures on July 24, 2016 and is collateralized by JGW V’s structured settlements and annuity receivables. JGW V, LLC is charged monthly an unused fee of 0.625% per annum for the undrawn balance of its line of credit. (1)	JGW V	5,530			11,763
$40 million credit facility with interest payable monthly at the lender’s “prime rate” plus 1.00%, subject to a floor of 4.50% (4.5% at December 31, 2012 and September 30, 2013), maturing December 31, 2013. The line of credit is collateralized by certain pre-settlement receivables. Peach One is charged monthly an unused fee of 0.50% per annum for the undrawn balance of its line of credit.	Peach One	17,527			15,124
Life settlements financing facility, interest payable quarterly at three-month Euribor plus 7.30% (7.49% at December 31, 2012). The facility was collateralized by assigned life settlement contracts from Immram and matured on August 23, 2013.	Skolvus 1 GMbh & Co. KG	(31		)	—
		$	27,380		$	49,168

(1) The previous agreement provided for a $275 million facility, a Tranche A rate comprised of 3.50% and either the LIBOR or the Commercial Paper rate depending on the lender (3.71% or 3.90% at December 31, 2012), a Tranche B rate of 6.0% plus LIBOR (6.21% at December 31, 2012), and a monthly unused fee of 0.75% per annum for the undrawn balance of the line of credit.

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Variable Interest Entities (Predecessor)

9 Months Ended

Sep. 30, 2013

Predecessor

Variable Interest Entities

3. Variable Interest Entities

In the normal course of business, the Company is involved with various entities that are considered to be VIEs.  A VIE is an entity that has either a total investment that is insufficient to permit the entity to finance its activities without additional subordinated financial support or whose equity investors lack the characteristics of a controlling financial interest under the voting interest model of consolidation.  The Company is required to consolidate any VIE for which it is determined to be the primary beneficiary.  The primary beneficiary is the entity that has the power to direct those activities of the VIE that most significantly impact the VIEs’ economic performance and has the obligation to absorb losses from or the right to receive benefits from the VIE that could potentially be significant to the VIE.  The Company reviews all significant interests in the VIEs it is involved with including consideration of the activities of the VIEs that most significantly impact the VIEs’ economic performance and whether the Company has control over those activities.  On an ongoing basis, the Company assesses whether or not it is the primary beneficiary of a VIE.

As a result of adopting ASC 810, the Company was deemed to be the primary beneficiary of the VIEs used to securitize its finance receivables (“VIE finance receivables”).  The Company elected the fair value option with respect to assets and liabilities in its securitization VIEs as part of their initial consolidation on January 1, 2010.

The debt issued by the Company’s securitization VIEs is reported on the Company’s consolidated balance sheets as long-term debt issued by securitization and permanent financing trusts, at fair market value (“VIE securitization debt”).  The VIE securitization debt is recourse solely to the VIE finance receivables held by such special purpose entities (Note 5 and 6) and thus is non-recourse to the other consolidated subsidiaries. The VIEs will continue in operation until all securitization debt is paid and all residual cash flows are collected. As a result of the long lives of many finance receivables purchased and securitized by the Company, most consolidated VIEs have expected lives in excess of twenty years.

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Condensed Consolidated Statement of Changes in Member's Capital (Predecessor, USD $) In Thousands, unless otherwise specified	3 Months Ended	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2013
Increase (Decrease) in Stockholders' Equity
Member's Capital		$ 442,818
Net income	(885)	67,180
Share-based compensation		1,511
Capital distributions		(475,877)
Amounts reclassified from accumulated other comprehensive income		1,862
Unrealized gains on notes receivable arising during the period	3	502
Member's Capital	37,996	37,996
Member's Capital
Increase (Decrease) in Stockholders' Equity
Member's Capital		443,095
Net income		67,180
Share-based compensation		1,511
Capital distributions		(475,877)
Member's Capital	35,909	35,909
Accumulated Other Comprehensive Gain (Loss)
Increase (Decrease) in Stockholders' Equity
Member's Capital		(277)
Amounts reclassified from accumulated other comprehensive income		1,862
Unrealized gains on notes receivable arising during the period		502
Member's Capital	$ 2,087	$ 2,087

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VIE Long-term Debt Issued by Securitization and Permanent Financing trusts, at Fair Market Value (Details) (Predecessor, USD $)			9 Months Ended			0 Months Ended
	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2013 VIE item	Sep. 30, 2012 VIE item	Dec. 31, 2012 VIE	Mar. 16, 2012 VIE 2012-1	Mar. 16, 2012 VIE 2012-1 Aaa	Mar. 16, 2012 VIE 2012-1 Baa2	Jul. 25, 2012 VIE 2012-2	Jul. 25, 2012 VIE 2012-2 Aaa	Jul. 25, 2012 VIE 2012-2 Baa2	Mar. 20, 2013 VIE 2013-1	Mar. 20, 2013 VIE 2013-1 Aaa	Mar. 20, 2013 VIE 2013-1 Baa2	Jul. 30, 2013 VIE 2013-2	Jul. 30, 2013 VIE 2013-2 Aaa	Jul. 30, 2013 VIE 2013-2 Baa2	Sep. 30, 2013 VIE Securitization trusts	Dec. 31, 2012 VIE Securitization trusts	Sep. 30, 2013 VIE Permanent financing VIEs	Dec. 31, 2012 VIE Permanent financing VIEs
VIE Long-term Debt Issued by Securitization and Permanent Financing trusts, at Fair Market Value
Number of asset securitization transactions completed			2	2
Bond proceeds						$ 232,400,000			$ 158,000,000			$ 216,500,000			$ 174,600,000
Receivables securitized						4,476,000			3,016,000			2,425,000			3,410,000
Deal discount rate (as a percent)						4.62%			4.27%			3.65%			4.49%
Retained interest %						6.75%			6.75%			6.75%			6.75%
Class allocation (as a percent)							85.00%	8.25%		85.00%	8.25%		85.25%	8.00%		85.25%	8.00%
Outstanding Principal			3,233,769,000		3,012,979,000													2,913,160,000	2,693,597,000	320,609,000	319,382,000
Fair Value	$ 3,437,861,000	$ 3,229,591,000	$ 3,437,861,000		$ 3,229,591,000													$ 3,095,261,000	$ 2,892,466,000	$ 342,600,000	$ 337,125,000

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Condensed Consolidated Statements of Operations (Predecessor, USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Predecessor
REVENUES
Interest income	$ 45,710	$ 43,166	$ 126,293	$ 132,515
Unrealized gains on VIE and other finance receivables, long-term debt and derivatives	50,226	57,726	214,068	188,621
Gain (loss) on swap termination, net	525	(831)	351	(457)
Servicing, broker, and other fees	1,156	2,516	3,691	7,580
Other	(4)	124	(57)	384
Realized loss on notes receivable, at fair market value			(1,862)
Realized and unrealized gains on marketable securities, net	5,525	5,579	10,523	12,549
Total revenue	103,138	108,280	353,007	341,192
EXPENSES
Advertising	17,862	18,463	51,665	56,232
Interest expense	54,005	39,374	139,974	118,932
Compensation and benefits	9,100	10,643	32,494	32,674
General and administrative	4,519	3,370	14,881	10,565
Professional and consulting	4,807	3,286	13,906	10,936
Debt issuance	2,583	2,345	5,655	5,968
Securitization debt maintenance	1,543	1,497	4,526	3,736
Provision for losses on finance receivables	1,690	341	4,374	1,887
Depreciation and amortization	1,467	1,603	4,231	4,735
Installment obligations expense, net	6,301	6,400	12,820	15,018
Total expenses	103,877	87,322	284,526	260,683
Income (loss) before taxes	(739)	20,958	68,481	80,509
Provision (benefit) for income taxes	146	(269)	1,301	(353)
Net income (loss)	(885)	21,227	67,180	80,862
Less noncontrolling interest in earnings (loss) of affiliate		(4)		2,731
Net income (loss) attributable to J.G. Wentworth, LLC	$ (885)	$ 21,231	$ 67,180	$ 78,131

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Condensed Consolidated Statements of Comprehensive Income (Loss) (Predecessor, USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Predecessor
Net income (loss)	$ (885)	$ 21,227	$ 67,180	$ 80,862
Other comprehensive gain (loss):
Reclassification adjustment for loss included in net income			1,862
Unrealized gains on notes receivable arising during the year	3	230	502	279
Total other comprehensive gain	3	230	2,364	279
Total comprehensive income (loss)	(882)	21,457	69,544	81,141
Less: Net income (loss) allocated to noncontrolling interest in earnings (loss) of affiliate		(4)		2,731
Comprehensive income (loss) attributable to J.G. Wentworth, LLC	$ (882)	$ 21,461	$ 69,544	$ 78,410

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Condensed Consolidated Statements of Cash Flows (Predecessor, USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Predecessor
Cash flows from operating activities:
Net income	$ 67,180	$ 80,862
Adjustments to reconcile net income to net cash used in operating activities:
Provision for losses on receivables	4,374	1,887
Depreciation	1,589	1,183
Amortization of finance receivables acquisition costs	8	12
Amortization of intangibles	2,642	3,552
Amortization of debt issuance costs	3,173	1,055
Change in unrealized gains/losses on finance receivables	(197,429)	(346,749)
Change in unrealized gains/losses on long-term debt	23,769	157,998
Change in unrealized gains/losses on derivatives	(40,408)	130
Loss on notes receivable, at fair market value	1,862
Net proceeds from sale of finance receivables	473	7,881
Purchases of finance receivables	(315,058)	(284,764)
Collections of finance receivables	359,308	341,998
Gain on sale of finance receivables	(20)	(977)
Recoveries of receivables	1	558
Accretion of interest income	(125,759)	(131,784)
Accretion of interest expense	(33,094)	(25,044)
Share-based compensation expense	1,511	1,841
Change in marketable securities, net	(10,523)	(12,549)
Installment obligations expense, net	12,820	15,018
Change in fair value of life settlement contracts	22	517
Premiums and other costs paid, net of proceeds from the sale and maturity of life settlement contracts	(189)	2,982
Deferred income taxes	678	(154)
(Increase) decrease in operating assets:
Restricted cash and investments	4,883	46,248
Other assets	(1,965)	(2,111)
Other receivables	(519)	(1,647)
Increase (decrease) in operating liabilities:
Accounts payable	(991)	4,619
Accrued expenses	6,336	(7,059)
Accrued interest	1,471	(77)
Other liabilities	835	(5,276)
Net cash used in operating activities	(233,020)	(149,850)
Cash flows from investing activities:
Purchase of intangible assets	(125)	(159)
Receipts from notes receivable	2,338	3,453
Purchase of fixed assets, net of sale proceeds	(2,587)	(2,110)
(Issuance of) collections on notes receivable from affiliate	5,243	(5,000)
Net (used in) cash provided by investing activities	4,869	(3,816)
Cash flows from financing activities:
Distributions of member's capital	(459,612)
Issuance of VIE long- term debt	406,241	414,940
Payments for debt issuance costs	(19,864)	(5,873)
Payments on lease obligations	(745)	(736)
Repayment of long-term debt and derivatives	(195,641)	(185,258)
Gross proceeds from revolving credit facility	301,640	274,149
Repayments of revolving credit facility	(279,884)	(296,789)
Issuance of installment obligations payable	2,687
Purchase of marketable securities	(2,687)
Repayments of installment obligations payable	(14,008)	(37,218)
Proceeds from sale of marketable securities	14,008	37,218
Repayments under term loan	(144,941)	(22,515)
Net proceeds from new term loan	557,175
Redemption of share-based awards		(300)
Noncontrolling interest investors' distributions, net		(20,991)
Net cash provided by financing activities	164,369	156,627
Net increase (decrease) in cash	(63,782)	2,961
Cash and cash equivalents at beginning of period	103,137	70,171
Cash and cash equivalents at end of period	39,355	73,132
Supplemental disclosure of cash flow information:
Cash paid for interest	169,693	143,306
Capital distributions	459,612
Supplemental disclosure of noncash items:
Issuance of note receivable from sale of finance receivables held for sale		606
Non-cash asset distribution of member's capital	$ 16,265

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Restructure Expense (Details) (Predecessor, Closure of Boynton Beach office, USD $) In Thousands, unless otherwise specified	1 Months Ended	9 Months Ended
	Apr. 30, 2013	Sep. 30, 2013
Reconciliation of associated restructure liability
Restructure expense	$ 3,224	$ 3,224
Payments for restructure charges		(2,456)
Balance at the end of the period		768
Compensation and benefits
Reconciliation of associated restructure liability
Restructure expense		2,851
General and administrative expense
Reconciliation of associated restructure liability
Restructure expense		$ 373

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Commitments and Contingencies (Details) (Predecessor, USD $) In Thousands, unless otherwise specified	9 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2012	Jun. 30, 2012
Arrangement | Counterparty under agreement to purchase LCSS assets
Commitments and contingencies
Maximum amount of fund raised by counterparty to purchase LCSS assets			$ 50,000
LCSS assets sold to counterparty		3,150
Percentage of target IRR above original target IRR paid by counterparty	3.50%
Borrowing Agreement | Counterparty under agreement to purchase LCSS assets
Commitments and contingencies
Maximum borrowing capacity of counterparty	11,300
Amount owed by counterparty	9,008	8,637
Annual rate of interest for counterparty borrowing (as a percent)	5.35%
VIE | SRF6
Commitments and contingencies
Outstanding balance in hedge breakage reserve account	$ 3,682	$ 11,847
Percentage of securitization notes on which lender has right of first refusal to purchase at current market terms	25.00%

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Recently Issued Accounting Statements (Tables) (Predecessor)

9 Months Ended

Sep. 30, 2013

Predecessor

Schedule of reclassifications out of accumulated other comprehensive income

The Company did record the following reclassifications out of accumulated other comprehensive income during the nine-months ended September 30, 2013 as a result of the associated notes maturing during the period:

Details about accumulated other comprehensive income components	Amount reclassified from accumulated other comprehensive income		Affected line item in the statement of operations
Unrealized gains and losses on available-for-sale securities	$	1,862	Realized loss on notes receivable, at fair market value

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Fair Value Measurements (Details 6) (Predecessor, USD $) In Thousands, unless otherwise specified	Sep. 30, 2013		Dec. 31, 2012
Financial assets
Marketable securities	$ 132,613		$ 131,114
VIE and other finance receivables, at fair market value	3,888,893		3,615,188
Notes receivable, at fair market value	6,238	[1]	8,074	[1]
Note receivable due from affiliate			5,243
Other receivables, net of allowance for losses	14,269		13,146
Financial liabilities
VIE derivative liabilities, at fair market value	81,125		121,498
VIE borrowings under revolving credit facilities and other similar borrowings	49,168		27,380
VIE long-term debt	154,020		162,799
VIE long-term debt issued by securitization and permanent financing trusts, at fair market value	3,437,861		3,229,591
Installment Obligations Payable	132,613		131,114
Level 3
Financial assets
VIE and other finance receivables, at fair market value	3,888,893		3,615,188
Life settlement contracts, at fair market value			1,724
Notes receivable, at fair market value	6,238		8,074
Financial liabilities
VIE long-term debt issued by securitization and permanent financing trusts, at fair market value	3,437,861		3,229,591
Estimated Fair Value
Financial assets
Marketable securities	132,613		131,114
VIE and other finance receivables, at fair market value	3,888,893		3,615,188
Life settlement contracts, at fair market value			1,724
Notes receivable, at fair market value	6,238		8,074
Financial liabilities
VIE derivative liabilities, at fair market value	81,125		121,498
VIE long-term debt issued by securitization and permanent financing trusts, at fair market value	3,437,861		3,229,591
Estimated Fair Value | Level 3
Financial assets
VIE and other finance receivables, net of allowance for losses	127,413		145,155
Note receivable due from affiliate	0		5,243
Other receivables, net of allowance for losses	14,269		13,146
Financial liabilities
VIE borrowings under revolving credit facilities and other similar borrowings	50,655		28,198
VIE long-term debt	149,954		158,801
Installment Obligations Payable	132,613		131,114
Term loan payable	556,422		142,441
Carrying Amount
Financial assets
Marketable securities	132,613		131,114
VIE and other finance receivables, at fair market value	3,888,893		3,615,188
Life settlement contracts, at fair market value			1,724
Notes receivable, at fair market value	6,238		8,074
Financial liabilities
VIE derivative liabilities, at fair market value	81,125		121,498
VIE long-term debt issued by securitization and permanent financing trusts, at fair market value	3,437,861		3,229,591
Carrying Amount | Level 3
Financial assets
VIE and other finance receivables, net of allowance for losses	133,505		150,353
Note receivable due from affiliate	0		5,243
Other receivables, net of allowance for losses	14,269		13,146
Financial liabilities
VIE borrowings under revolving credit facilities and other similar borrowings	49,168		27,380
VIE long-term debt	154,020		162,799
Installment Obligations Payable	132,613		131,114
Term loan payable	$ 556,422		$ 142,441

[1] Pledged as collateral to credit and long-term debt facilities

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VIE and Other Finance Receivables, at Fair Market Value (Predecessor)

9 Months Ended

Sep. 30, 2013

Predecessor

VIE and Other Finance Receivables, at Fair Market Value

5. VIE and Other Finance Receivables, at Fair Market Value

The Company has elected to fair value newly originated guaranteed structured settlements in accordance with ASC 810.  Additionally, as a result of the Company including lottery winning finance receivables in its 2013-1 asset securitization, the Company also elected to fair value newly originated lottery winnings effective January 1, 2013. As of December 31, 2012 and September 30, 2013, VIE and other finance receivables for which the fair value option was elected consist of the following:

	December 31, 2012			September 30, 2013
Maturity value	$	5,335,328		$	5,784,472
Unearned income	(1,720,140		)	(1,895,579		)
Net carrying amount	$	3,615,188		$	3,888,893

Encumbrances on VIE and other finance receivables, at fair value are as follows:

Encumbrance	December 31, 2012		September 30, 2013
VIE securitization debt (2)	$	3,550,394	$	3,773,189
$100 million credit facility (1)	230		19,014
$200 million credit facility (1)	7,059		13,924
$300 million credit facility (1)	8,277		19,480
$50 million permanent financing related to 2011-A	20,505		36,005
Total VIE finance receivables at fair value	3,586,465		3,861,612
Not encumbered	28,723		27,281
Total VIE and other finance receivables at fair value	$	3,615,188	$	3,888,893

(1) See Note 7

(2) See Note 9

Notes receivable, at fair market value and residual cash flows from finance receivables, at fair market value held in securitizations are pledged as collateral for the residual term debt (Note 8) at December 31, 2012 and September 30, 2013.

The Company is engaged to service certain finance receivables it sells to third parties.  Servicing fee revenue related to those receivables are included in servicing, broker, and other fees in the Company’s unaudited condensed consolidated statements of operations, and for the three and nine-months ended September 30, 2013 and 2012 were as follows:

	Three-Months Ended September 30,				Nine-Months Ended September 30,
	2012		2013		2012		2013
Servicing fees	$	258	$	239	$	803	$	714

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Term Loan Payable (Predecessor)

9 Months Ended

Sep. 30, 2013

Predecessor

Term Loan Payable

10. Term Loan Payable

In connection with the OAC Merger, the Company assumed OAC’s term loan payable in the amount of $176,489, with interest payable at Eurodollar base rate plus applicable and additional margins (8.75% as of December 31, 2011 and 2012), maturing on November 21, 2013 (the “Term Loan”).  As part of the merger, the credit agreement was amended and restated to allow OAC to make distributions of up to $9,000 to PGHI Corp. to fund the costs of defending certain litigation that remained a PGHI Corp. obligation post-merger and costs of operating certain subsidiaries of PGHI Corp.  The amended and restated credit agreement required a $10,000 principal payment at the time of closing as well as specified consent payments to the lenders of the Term Loan.  The amortization schedule was modified to provide accelerated repayment of the indebtedness and the consolidated leverage ratio and interest coverage ratio covenants were amended. Also, certain subsidiaries of the Company became guarantors pursuant to the terms of the amended and restated agreement.  The collateral agreement relating to their guarantee calls for a security interest in the assets of the subsidiaries as collateral to the guarantee.  The subsidiaries will be released from the collateral agreement once the Term Loan is paid in full.

Under the terms of the restated and amended Term Loan, the Company is prohibited, with certain exceptions, from making distributions or paying dividends. As a result, essentially none of the Company’s $442,818 in member’s capital was free of limitations on the payment of dividends as of December 31, 2012.

On February 8, 2013, the Term Loan was refinanced with a new senior secured credit facility (the “Credit Facility”) that consisted of a $425,000 term loan (the “New Term Loan”) and a $20,000 revolving commitment maturing in February 2019 and August 2017, respectively.  The Company and certain of its subsidiaries are guarantors of the Credit Facility. Substantially all of the non-securitized and non-collateralized assets of the Company were pledged as security for the repayment of borrowings outstanding under the Credit Facility.

At each interest reset date, the Company has the option to elect that the New Term Loan be either a eurodollar loan or a base rate loan.  If a eurodollar loan, interest on the New Term Loan accrues at either Libor or 1.5% (whichever is greater) plus a spread of 7.5%.  If a base rate loan, interest accrues at prime or 2.5% (whichever is greater) plus a spread of 6.5%.  As of September 30, 2013, the New Term Loan’s interest rate was 9.0%. The revolving commitment has the same interest rate terms as the New Term Loan.  In addition, the revolving commitment is subject to an unused fee of 0.5% per annum and provides for the issuance of letters of credit equal to $10,000, subject to customary terms and fees.

The Credit Facility requires the Company, to the extent that as of the last day of any fiscal quarter outstanding balances on the revolving commitment exceed specific thresholds, to comply with a maximum total leverage ratio. As of September 30, 2013, there were no outstanding borrowings under the revolving commitment and, as a result, the maximum total leverage ratio requirement was not applicable.  The Company and certain of its subsidiaries are also limited in engaging in certain activities, including mergers and acquisitions, incurrence of additional indebtedness, incurring liens, making investments, transacting with affiliates, disposing of assets, and various other activities.  The Credit Facility also limits, with certain exceptions, certain of the Company’s subsidiaries from making cash dividends and loans to the Company.

In conjunction with the refinancing, the Company made a cash distribution to its members in the amount of $309.6 million as well as an asset distribution in the amount of $16.3 million to PGHI Corp. The distribution assets were originally acquired by the Company as part of the OAC Merger.

On May 31, 2013, the Credit Facility was amended to provide for an additional term loan of $150,000 on the same terms as the New Term Loan. In conjunction with this refinancing, the Company made a cash distribution to its members in the amount of $150,000.

As a result of the aggregate distributions the Company paid its members, each outstanding preferred interest was converted into one common interest on May 31, 2013 in accordance with the Amended and Restated Limited Liability Company Agreement of JGWPT Holdings, LLC.

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Fair Value Measurements (Details 4) (Predecessor, VIE long-term debt issued by securitization and permanent financing trusts, at fair market value, USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Predecessor | VIE long-term debt issued by securitization and permanent financing trusts, at fair market value
Changes in liabilities
Balance at the beginning of the period	$ 3,229,591	$ 2,663,873
Total (gains) losses included in earnings / losses	23,769	157,998
Issuances	406,240	400,881
Interest accreted	(35,863)	(25,207)
Repayments	(185,876)	(169,693)
Transfers in and/or out of Level 3	0
Balance at the end of the period	3,437,861	3,027,852
Amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to long-term debt still held at the end of the period	$ 23,769	$ 157,998

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Derivative Financial Instruments (Tables) (Predecessor)

9 Months Ended

Sep. 30, 2013

Predecessor

Schedule of notional amounts and fair values of the Company's interest rate swaps

		Notional		Fair Market Value			Notional		Fair Market Value
Entity	Securitization	at December 31, 2012		December 31, 2012			at September 30, 2013		September 30, 2013
321 Henderson I	2004-A A-1	$	50,858	$	(6,492	)	$	42,905	$	(4,313	)
321 Henderson I	2005-1 A-1	86,766		(14,362		)	76,839		(9,785		)
321 Henderson II	2006-1 A-1	26,307		(3,581		)	22,107		(2,442		)
321 Henderson II	2006-2 A-1	27,560		(5,181		)	24,552		(3,625		)
321 Henderson II	2006-3 A-1	30,493		(5,001		)	27,058		(3,471		)
321 Henderson II	2006-4 A-1	27,402		(4,271		)	24,701		(3,009		)
321 Henderson II	2007-1 A-1	42,670		(9,031		)	39,613		(6,093		)
321 Henderson II	2007-2 A-1	46,087		(13,072		)	42,598		(9,174		)
JGW V, LLC	—	—		—			11,886		(181		)
PSS	—	205,180		(46,407		)	196,094		(29,195		)
PLMT	—	61,701		(14,100		)	58,303		(9,837		)
Total		$	605,024	$	(121,498	)	$	566,656	$	(81,125	)

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (JGWPT Holdings Inc.)

9 Months Ended

Sep. 30, 2013

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Accounting — The Balance Sheet is presented in accordance with accounting principles generally accepted in the United States of America. Separate statements of operations, comprehensive income, changes in stockholder’s equity, and cash flows have not been presented in the financial statements because there have been no activities in this entity.

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SUBSEQUENT EVENTS (JGWPT Holdings Inc.) (Details) (USD $) In Millions, except Share data, unless otherwise specified	0 Months Ended	9 Months Ended
	Nov. 14, 2013	Sep. 30, 2013
Subsequent events
Par value per share (in dollars per share)		$ 0.00001
Subsequent Events | JGWPT Holdings, LLC
Subsequent events
Number of common interests acquired	11,212,500
Ownership interest (as a percent)	37.90%
Non-controlling interest (as a percent)	62.10%
Subsequent Events | Class A Shares
Subsequent events
Shares issued in initial public offering	11,212,500
Par value per share (in dollars per share)	$ 0.00001
Net proceeds from initial public offering	$ 141.4
Subsequent Events | Class A Shares | Underwriter's overallotment option
Subsequent events
Shares issued in initial public offering	1,462,500
Subsequent Events | Class A Shares | JGWPT Holdings, LLC
Subsequent events
Shares issued pursuant to merger	1	1
Subsequent Events | Class B Shares
Subsequent events
Par value per share (in dollars per share)	$ 0.00001
Subsequent Events | Class C Shares
Subsequent events
Par value per share (in dollars per share)	$ 0.00001
Subsequent Events | Class C Shares | PGHI Corp
Subsequent events
Shares issued pursuant to merger	1

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VIE Borrowings Under Revolving Credit Facilities and Other Similar Borrowings (Details) (Predecessor, USD $) In Thousands, unless otherwise specified	9 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
VIE Borrowings Under Revolving Credit Facilities and Other Similar Borrowings
VIE borrowings under revolving credit facilities and other similar borrowings	$ 49,168	$ 27,380
JGW-S III | Variable funding note facility
VIE Borrowings Under Revolving Credit Facilities and Other Similar Borrowings
VIE borrowings under revolving credit facilities and other similar borrowings	12,050	183
JGW IV | Credit facility
VIE Borrowings Under Revolving Credit Facilities and Other Similar Borrowings
VIE borrowings under revolving credit facilities and other similar borrowings	10,231	4,171
JGW V | Multi-tranche and lender credit facility
VIE Borrowings Under Revolving Credit Facilities and Other Similar Borrowings
VIE borrowings under revolving credit facilities and other similar borrowings	11,763	5,530
Peach One | Credit facility
VIE Borrowings Under Revolving Credit Facilities and Other Similar Borrowings
VIE borrowings under revolving credit facilities and other similar borrowings	15,124	17,527
Skolvus 1 GMbh & Co. KG | Life settlements financing facility
VIE Borrowings Under Revolving Credit Facilities and Other Similar Borrowings
VIE borrowings under revolving credit facilities and other similar borrowings		(31)
VIE | JGW-S III | Variable funding note facility
VIE Borrowings Under Revolving Credit Facilities and Other Similar Borrowings
Maximum borrowing capacity	100,000	100,000
Interest payable monthly (as a percent)	9.00%	9.00%
Revolving period	2 years	2 years
Amortization period	18 months	18 months
Monthly unused fee (as a percent)	1.00%	1.00%
VIE | JGW IV | Credit facility
VIE Borrowings Under Revolving Credit Facilities and Other Similar Borrowings
Maximum borrowing capacity	200,000	200,000
Monthly unused fee (as a percent)	0.50%	0.50%
Variable interest rate basis	LIBOR	LIBOR
Margin added to variable interest rate basis (as a percent)	5.00%	5.00%
VIE | JGW IV | Credit facility | Minimum
VIE Borrowings Under Revolving Credit Facilities and Other Similar Borrowings
Interest rate floor (as a percent)	5.00%	5.00%
VIE | JGW V | Multi-tranche and lender credit facility
VIE Borrowings Under Revolving Credit Facilities and Other Similar Borrowings
Maximum borrowing capacity	300,000	275,000
Monthly unused fee (as a percent)	0.625%	0.75%
VIE | JGW V | Multi-tranche and lender credit facility | Tranche A | LIBOR
VIE Borrowings Under Revolving Credit Facilities and Other Similar Borrowings
Variable interest rate basis	LIBOR	LIBOR
Interest rate (as a percent)	3.18%	3.71%
Margin added to variable interest rate basis (as a percent)	3.00%	3.50%
VIE | JGW V | Multi-tranche and lender credit facility | Tranche A | Commercial Paper rate
VIE Borrowings Under Revolving Credit Facilities and Other Similar Borrowings
Variable interest rate basis	Commercial Paper rate	Commercial Paper rate
Interest rate (as a percent)	3.29%	3.90%
Margin added to variable interest rate basis (as a percent)	3.00%	3.50%
VIE | JGW V | Multi-tranche and lender credit facility | Tranche B
VIE Borrowings Under Revolving Credit Facilities and Other Similar Borrowings
Variable interest rate basis	LIBOR	LIBOR
Interest rate (as a percent)	5.68%	6.21%
Margin added to variable interest rate basis (as a percent)	5.50%	6.00%
VIE | Peach One | Credit facility
VIE Borrowings Under Revolving Credit Facilities and Other Similar Borrowings
Maximum borrowing capacity	$ 40,000	$ 40,000
Monthly unused fee (as a percent)	0.50%	0.50%
Interest rate floor (as a percent)	4.50%	4.50%
Variable interest rate basis	prime rate	prime rate
Interest rate (as a percent)	4.50%	4.50%
Margin added to variable interest rate basis (as a percent)	1.00%	1.00%
VIE | Skolvus 1 GMbh & Co. KG | Life settlements financing facility
VIE Borrowings Under Revolving Credit Facilities and Other Similar Borrowings
Variable interest rate basis		three-month Euribor
Interest rate (as a percent)		7.49%
Margin added to variable interest rate basis (as a percent)		7.30%

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Derivative Financial Instruments (Predecessor)

9 Months Ended

Sep. 30, 2013

Predecessor

Derivative Financial Instruments

11. Derivative Financial Instruments

The Company has interest-rate swaps to manage its exposure to changes in interest rates related to borrowings on its revolving credit facilities.  Hedge accounting has not been applied to any of its interest rate swaps.

As of September 30, 2013, the Company held an interest rate swap related to its JGW V revolving credit facility with a total notional value of $11,886. The Company pays a fixed rate of 2.74% and receives a floating rate equal to 1-month LIBOR rate.  As of September 30, 2013, the term of this interest rate swap is approximately 15 years.

In March 2012 and 2013, and in connection with securitizations, the Company terminated $64,300 and $55,351, respectively, in interest rate swap notional value associated with its revolving credit facilities and other similar borrowings.  In July 2012 and 2013, and in connection with securitizations, the Company terminated $32,036 and $45,690, respectively, in interest rate swap notional value associated with its revolving credit facilities and other similar borrowings.  The total gain (loss) on the terminations of the interest rate swaps for the three-months ended September 30, 2012 and 2013 is ($831) and $525, respectively.  The total gain (loss) on the terminations of the interest rate swaps for the nine-months ended September 30, 2012 and 2013 is ($457) and $351, respectively. The unrealized (loss) for these swaps for the three-months ended September 30, 2012 and 2013 was ($291) and ($696), respectively.  The unrealized (loss) for these swaps for the nine-months ended September 30, 2012 and 2013 was ($641) and ($181), respectively.

The Company also has interest-rate swaps to manage its exposure to changes in interest rates related to its borrowings on certain long-term debt issued by securitization and permanent financing trusts.  At December 31, 2012 and September 30, 2013, the Company had 8 outstanding swaps with total notional amounts of approximately $338,143 and $300,373, respectively.  The Company pays fixed rates ranging from 4.50% to 5.77% and receives floating rates equal to 1-month LIBOR rate plus applicable margin.

These interest rate swaps were designed to closely match the borrowings under the respective floating rate asset backed loans in amortization.  At September 30, 2013, the term of these interest rate swaps range from approximately 9 to approximately 22 years.  For the three-months ended September 30, 2012 and 2013, the amount of unrealized gain recognized was $1,316 and $2,640, respectively. For the nine-months ended September 30, 2012 and 2013, the amount of unrealized gain recognized was $2,532 and $19,115, respectively.

Additionally, the Company has interest-rate swaps to manage its exposure to changes in interest rates related to its borrowings under Peachtree Structured Settlements, LLC, a permanent financing VIE (“PSS”) (Note 9) and PLMT (Note 8).  At December 31, 2012 and September 30, 2013, the Company had 165 outstanding swaps with total notional amounts of approximately $266,881 and $254,397, respectively.  The Company pays fixed rates ranging from 4.30% to 8.70% and receives floating rates equal to rate 1-month LIBOR rate plus applicable margin.

The PSS and PLMT interest rate swaps were designed to closely match the borrowings under the respective floating rate asset backed loans in amortization.  At September 30, 2013, the term of the interest rate swaps for PSS and PLMT range from less than 1 month to approximately 21 years, respectively.  For the three-months ended September 30, 2012 and 2013, the amount of unrealized gain (loss) recognized was ($441) and $2,289, respectively. For the nine-months ended September 30, 2012 and 2013, the amount of unrealized gain (loss) recognized was ($2,021) and $21,501, respectively.

The notional amounts and fair values of the Company’s interest rate swaps as of December 31, 2012 and September 30, 2013 are as follows:

		Notional		Fair Market Value			Notional		Fair Market Value
Entity	Securitization	at December 31, 2012		December 31, 2012			at September 30, 2013		September 30, 2013
321 Henderson I	2004-A A-1	$	50,858	$	(6,492	)	$	42,905	$	(4,313	)
321 Henderson I	2005-1 A-1	86,766		(14,362		)	76,839		(9,785		)
321 Henderson II	2006-1 A-1	26,307		(3,581		)	22,107		(2,442		)
321 Henderson II	2006-2 A-1	27,560		(5,181		)	24,552		(3,625		)
321 Henderson II	2006-3 A-1	30,493		(5,001		)	27,058		(3,471		)
321 Henderson II	2006-4 A-1	27,402		(4,271		)	24,701		(3,009		)
321 Henderson II	2007-1 A-1	42,670		(9,031		)	39,613		(6,093		)
321 Henderson II	2007-2 A-1	46,087		(13,072		)	42,598		(9,174		)
JGW V, LLC	—	—		—			11,886		(181		)
PSS	—	205,180		(46,407		)	196,094		(29,195		)
PLMT	—	61,701		(14,100		)	58,303		(9,837		)
Total		$	605,024	$	(121,498	)	$	566,656	$	(81,125	)

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VIE Borrowings Under Revolving Credit Facilities and Other Similar Borrowings (Tables) (Predecessor)

9 Months Ended

Sep. 30, 2013

Predecessor

Schedule of VIE borrowings under revolving credit facilities and other similar borrowings

		December 31,			September 30,
	Entity	2012			2013
$100 million variable funding note facility with interest payable monthly at 9.0%, collateralized by JGW-S III’s structured settlements receivables, 2-year revolving period with 18 months amortization period thereafter upon notice by the issuer or the note holder with all principal and interest outstanding payable no later than October 15, 2048. JGW-S III is charged monthly an unused fee of 1.00% per annum for the undrawn balance of its line of credit.	JGW-S III	$	183		$	12,050
$200 million credit facility, interest payable monthly at the rate greater of 5.00% or the sum of LIBOR plus applicable margin (5.0% at December 31, 2012 and September 30, 2013), maturing on February 17, 2016 , collateralized by JGW IV’s structured settlements and annuity receivables. JGW IV, LLC is charged monthly an unused fee of 0.50% per annum for the undrawn balance of its line of credit.	JGW IV	4,171			10,231
$300 million multi-tranche and lender credit facility, interest payable monthly. The Facility was revised on July 24, 2013 as follows: Tranche A rate comprises 3.0% and either the LIBOR or the Commercial Paper rate depending on the lender (3.18% and 3.29% at September 30, 2013). Tranche B rate is 5.5% plus LIBOR (5.68% at September 30, 2013). The facility matures on July 24, 2016 and is collateralized by JGW V’s structured settlements and annuity receivables. JGW V, LLC is charged monthly an unused fee of 0.625% per annum for the undrawn balance of its line of credit. (1)	JGW V	5,530			11,763
$40 million credit facility with interest payable monthly at the lender’s “prime rate” plus 1.00%, subject to a floor of 4.50% (4.5% at December 31, 2012 and September 30, 2013), maturing December 31, 2013. The line of credit is collateralized by certain pre-settlement receivables. Peach One is charged monthly an unused fee of 0.50% per annum for the undrawn balance of its line of credit.	Peach One	17,527			15,124
Life settlements financing facility, interest payable quarterly at three-month Euribor plus 7.30% (7.49% at December 31, 2012). The facility was collateralized by assigned life settlement contracts from Immram and matured on August 23, 2013.	Skolvus 1 GMbh & Co. KG	(31		)	—
		$	27,380		$	49,168

(1) The previous agreement provided for a $275 million facility, a Tranche A rate comprised of 3.50% and either the LIBOR or the Commercial Paper rate depending on the lender (3.71% or 3.90% at December 31, 2012), a Tranche B rate of 6.0% plus LIBOR (6.21% at December 31, 2012), and a monthly unused fee of 0.75% per annum for the undrawn balance of the line of credit.

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Fair Value Measurements (Predecessor)

9 Months Ended

Sep. 30, 2013

Predecessor

Fair Value Measurements

4. Fair Value Measurements

ASC 820, Fair Value Measurements and Disclosures (“ASC 820”), establishes a three-level valuation hierarchy for disclosure of fair value measurements.  The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs.  The three levels are defined as follows:

· Level 1 — inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that are accessible at the measurement date.

· Level 2 — inputs to the valuation methodology include quoted prices in markets that are not active or quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.

· Level 3 — inputs to the valuation methodology are unobservable, reflecting the entity’s own assumptions about assumptions market participants would use in pricing the asset or liability.

A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement.  Fair value is a market based measure considered from the perspective of a market participant who holds the asset or owes the liabilities rather than an entity specific measure. Therefore, even when market assumptions are not readily available, the Company’s own assumptions are set to reflect those that market participants would use in pricing the assets or liabilities at the measurement date.  The Company uses valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. The Company also evaluates various factors to determine whether certain transactions are orderly and may make adjustments to transactions or quoted prices when the volume and level of activity for an asset or liability have decreased significantly.

The above conditions could cause certain assets and liabilities to be reclassified from Level 1 to Level 2/Level 3 or Level 2 to Level 3.  The inputs or methodology used for valuing the assets or liabilities are not necessarily an indication of the risk associated with the assets and liabilities.

The following methods and assumptions were used to estimate the fair value of each class of financial instruments for which it is practicable to estimate that value:

Marketable securities — The estimated fair value of investments in marketable securities is based on quoted market prices.

VIE and other finance receivables and VIE long-term debt issued by securitization and permanent financing trusts, at fair market value — The estimated fair value of VIE and other finance receivables and VIE long-term debt issued by securitization and permanent financing trusts, at fair value is determined based on a discounted cash flow model using expected future collections discounted at a calculated rate.

For guaranteed structured settlements and annuities, the Company allocates the projected cash flows based on the waterfall of the securitization and permanent financing trusts (collectivity the “Trusts”).  The waterfall includes fees to operate the Trusts (servicing fees, administrative fees, etc.), note holder principal and note holder interest.  Many of the Trusts have various tranches of debt that have varying subordinations in the waterfall calculation. The remaining cash flows, net of those obligations, are considered a residual interest which is projected to be paid to the Company’s retained interest holders.

The projected finance receivable cash flows used to pay the obligations of the Trusts are discounted using a calculated rate derived from the fair value interest rates of the debt in the Trusts.  The fair value interest rate of the debt is derived using a swap curve and applying a calculated spread using the Company’s most recent securitization as a benchmark.  The calculated spread is adjusted for the specific attributes of the debt in the Trusts, such as years to maturity and credit grade.   The debt’s fair value interest rates are applied to the projected future cash payments paid on the principal and interest to derive the debt’s fair value.   The debt’s fair value interest rates are blended using the debt’s principal balance to obtain a weighted average fair value interest rate; this rate is used to determine the value of the finance receivables’ asset cash flows.  In addition, the Company considers transformation cost and profit margin associated with its securitizations to derive the fair value of its finance receivables’ asset cash flows.  The finance receivables’ residual cash flows remaining after the projected obligations of the Trusts are satisfied are discounted using a separate yield based on an assumed rating of the residual tranche.  The finance receivables’ residual cash flows remaining after the projected obligations of the Trusts are satisfied are discounted using a separate yield based on an assumed rating of the residual tranche (9.34% and 7.71% as of December 31, 2012 and September 30, 2013, respectively, with a weighted average life of 20 years as of both dates).

The residual cash flows are adjusted for a loss assumption of 0.25% over the life of the finance receivables in its fair value calculation.  Finance receivable cash flows, including the residual asset cash flows, are included in finance receivables, at fair market value in the Company’s consolidated balance sheets.  The associated debt’s projected future cash payments for principal and interest are included in VIE long-term debt issued by securitization and permanent financing trusts, at fair market value.

For finance receivables not yet securitized, the Company uses the calculated spreads, as well as considering transformation costs and profit margin, from its most recent securitization to determine the fair value yield adjusting for expected losses and applying the residual yield for the cash flows the Company projects would make up the retained interest in a securitization.

For the Company’s life contingent structured settlement (“LCSS”) receivables and long-term debt issued by its related permanent financing trusts, the blended weighted average discount rate of the LCSS receivables at the time of borrowing (which occurs frequently throughout the year) is used to determine the fair value of the receivables’ cash flows.  The residual cash flows relating to the LCSS receivables are discounted using a separate yield based on the assumed rating to the residual tranche reflecting the life contingent feature of these receivables.

VIE and other finance receivables, net of allowance for losses — The fair value of structured settlement, annuity, and lottery receivables was estimated based on the present value of future expected cash flows using discount rates commensurate with the risks involved.  The fair value of pre-settlement funding transactions and attorney cost financing was based on expected losses and historical loss experience associated with the respective receivables using management’s best estimates of the key assumptions regarding credit losses.

Life settlement contracts, at fair market value — The fair values of life settlement contracts are determined by reference to the transfer price of similar life settlement contracts under a discounted cash flow calculation that takes into account the net death benefit under the policy, estimated future premium payments and the life expectancy of the insured, as well as other qualitative factors regarding market participants assumptions.  Life expectancy is determined on a policy-by-policy basis using the results of medical underwriting performed by independent agencies.

Notes receivable, at fair market value — The fair values of notes receivables are determined based on the discounted present value of future expected cash flows using management’s best estimates of the key assumptions regarding credit losses and discount rates determined to be commensurate with the risks involved. The Company does not expect prepayment on the finance receivables underlying the notes receivable and accordingly, no significant change in the fair value is expected as a result of prepayment.  The fair value and amortized costs of these notes receivable are as follows:

	December 31, 2012		September 30, 2013
Amortized cost	$	8,297	$	6,175
Fair market value	$	8,074	$	6,238

Note receivable due from affiliate — The estimated fair value of note receivable due from affiliate is assumed to equal its carrying amount.  The note receivable was repaid in full in February 2013.

Other receivables, net of allowance for losses — The estimated fair value of advances receivable and certain other receivables, which are generally recovered in less than three months, is assumed to equal to the carrying amount.  The carrying value of other receivables which have expected recoverability of greater than three months, which consist primarily of a note receivable, have been estimated based on the present value of future expected cash flows using management’s best estimate of the key assumptions, including discount rates commensurate with the risks involved.

VIE derivative liabilities, at fair value — The fair value of interest rate swaps is based on dealer quotes that are corroborated with pricing models that utilize current interest rates and the timing and amount of cash flows.

Installment obligations payable — Installment obligations payable are reported at contract value determined based on changes in the measuring indices selected by the obligees under the terms of the obligations over the lives of the obligations.  The fair value of installment obligations payable is estimated to be equal to carrying value.

Term loan payable — The carrying value of the term loan approximates its fair value.  In February 2013, the term loan was refinanced with a new senior secured credit facility and subsequently, in May 2013, the new credit facility was amended to provide an additional term loan with the same terms as the new credit facility.

VIE borrowings under revolving credit facilities and other similar borrowings — The estimated fair value of borrowings under revolving credit facilities and other similar borrowings is based on the borrowing rates currently available to the Company for debt with similar terms and remaining maturities.  The Company estimates that the carrying value of its lines of credit, which bear interest at a variable rate, approximates fair value.

VIE long-term debt — The estimated fair value of VIE long-term debt is based on fair value borrowing rates available to the Company based on recently executed transactions with similar underlying collateral characteristics, reflecting the specific terms and conditions of the debt.

The following table sets forth the Company’s assets and liabilities that are carried at fair value on the Company’s condensed consolidated balance sheets as of December 31, 2012 and September 30, 2013:

	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs		Total
	Level I		Level II		Level III		at Fair Value
December 31, 2012:
Assets
Marketable securities:
Equity securities
US large cap	$	40,446	$	—	$	—	$	40,446
US mid cap	8,472		—		—		8,472
US small cap	9,224		—		—		9,224
International	22,651		—		—		22,651
Other equity	789		—		—		789
Total equity securities	81,582		—		—		81,582
Fixed income securities
US fixed income	36,047		—		—		36,047
International fixed income	5,963		—		—		5,963
Other fixed income	11		—		—		11
Total fixed income securities	42,021		—		—		42,021
Other securities
Cash & cash equivalents	4,789		—		—		4,789
Alternative investments	483		—		—		483
Annuities	2,239		—		—		2,239
Total other securities	7,511		—		—		7,511
Total marketable securities	131,114		—		—		131,114
VIE and other finance receivables, at fair market value	—		—		3,615,188		3,615,188
Notes receivable, at fair market value	—		—		8,074		8,074
Life settlement contracts, at fair market value (1)	—		—		1,724		1,724
Total Assets	$	131,114	$	—	$	3,624,986	$	3,756,100
Liabilities
VIE long-term debt issued by securitization and permanent financing trusts, at fair market value	$	—	$	—	$	3,229,591	$	3,229,591
VIE derivative liabilities, at fair market value	—		121,498		—		121,498
Total Liabilities	$	—	$	121,498	$	3,229,591	$	3,351,089
September 30, 2013:
Assets
Marketable securities:
Equity securities
US large cap	$	44,765	$	—	$	—	$	44,765
US mid cap	9,125		—		—		9,125
US small cap	10,481		—		—		10,481
International	22,233		—		—		22,233
Other equity	821		—		—		821
Total equity securities	87,425		—		—		87,425
Fixed income securities
US fixed income	33,263		—		—		33,263
International fixed income	5,303		—		—		5,303
Other fixed income	30		—		—		30
Total fixed income securities	38,596		—		—		38,596
Other securities
Cash & cash equivalents	3,754		—		—		3,754
Alternative investments	645		—		—		645
Annuities	2,193		—		—		2,193
Total other securities	6,592		—		—		6,592
Total marketable securities	132,613		—		—		132,613
VIE and other finance receivables, at fair market value	—		—		3,888,893		3,888,893
Notes receivable, at fair market value	—		—		6,238		6,238
Total Assets	$	132,613	$	—	$	3,895,131	$	4,027,744
Liabilities
VIE long-term debt issued by securitization and permanent financing trusts, at fair market value	$	—	$	—	$	3,437,861	$	3,437,861
VIE derivative liabilities, at fair market value	—		81,125				81,125
Total Liabilities	$	—	$	81,125	$	3,437,861	$	3,518,986

(1) Included in other assets on the Company’s condensed consolidated balance sheets.

The following table sets forth the Company’s quantitative information about its Level 3 fair value measurements as of December 31, 2012 and September 30, 2013, respectively:

December 31, 2012:	Fair Value		Valuation Technique	Unobservable Input	Range (Weighted Avg)
Assets
VIE and other finance receivables, at fair market value	$	3,615,188	Discounted cash flow	Discount rate	2.68% - 12.52% (3.99%)
Notes receivable, at fair market value	8,074		Discounted cash flow	Discount rate	9.78% (9.78%)
Life settlement contracts, at fair market value	1,724		Model actuarial pricing	Life expectancy Discount rate	16 to 260 months (147) 18.50% (18.50%)
Total Assets	$	3,624,986
Liabilities
VIE long-term debt issued by securitization and permanent financing trusts, at fair market value	$	3,229,591	Discounted cash flow	Discount rate	0.53% - 12.38% (3.43%)
Total Liabilities	$	3,229,591
September 30, 2013:	Fair Value		Valuation Technique	Unobservable Input	Range (Weighted Avg)
Assets
VIE and other finance receivables, at fair market value	$	3,888,893	Discounted cash flow	Discount rate	2.59% - 12.98% (3.99%)
Notes receivable, at fair market value	6,238		Discounted cash flow	Discount rate	7.71% (7.71%)
Life settlement contracts, at fair market value	—		Model actuarial pricing	Life expectancy Discount rate	7 to 251 months (140) 18.50% (18.50%)
Total Assets	$	3,895,131
Liabilities
VIE long-term debt issued by securitization and permanent financing trusts, at fair market value	$	3,437,861	Discounted cash flow	Discount rate	0.74% - 12.67% (3.60%)
Total Liabilities	$	3,437,861

A significant unobservable input used in the fair value measurement of all of the Company’s assets and liabilities measured at fair value using unobservable inputs (Level 3) is the discount rate.  Significant increases (decreases) in the discount rate used to estimate fair value in isolation would result in a significantly lower (higher) fair value measurement of the corresponding asset or liability. An additional significant unobservable input used in the fair value measurement of the life settlement contracts, at fair value, is life expectancy. Significant increases (decreases) in the life expectancy used to estimate the fair value of life settlement contracts in isolation would result in a significantly lower (higher) fair value measurement.

The changes in assets measured at fair value using significant unobservable inputs (Level 3) during the nine-months ended September 30, 2012 and 2013 were as follows:

	VIE and other finance receivables, at fair market value			Life settlement contracts, at fair market value			Notes receivable, at fair market value			Total
Balance at December 31, 2011	$	3,041,090		$	6,214		$	12,765		$	3,060,069
Total gains (losses):
Included in earnings / losses	346,746			(517		)	—			346,229
Included in other comprehensive gain	—			—			279			279
Purchases	259,005			—			—			259,005
Premiums paid	—			935			—			935
Sales	(447		)	(3,917		)	—			(4,364		)
Lapsed policies	—			—			—			—
Interest accreted	111,798			—			—			111,798
Payments received	(303,721		)	—			(3,453		)	(307,174		)
Maturities	—			—			—			—
Transfers in and/or out of Level 3	—			—			—			—
Balance at September 30, 2012	$	3,454,471		$	2,715		$	9,591		$	3,466,777
The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held at:
September 30, 2012	$	346,155		$	(132	)	$	—		$	346,023
Balance at December 31, 2012	$	3,615,188		$	1,724		$	8,074		$	3,624,986
Total gains (losses):
Included in earnings / losses	197,429			(22		)	—			197,407
Included in other comprehensive gain	—			—			502			502
Purchases	300,452			—			—			300,452
Premiums paid	—			241			—			241
Sales	—			—			—			—
Lapsed policies	—			—			—			—
Interest accreted	107,784			—			—			107,784
Payments received	(322,345		)	—			(2,338		)	(324,683		)
Maturities	—			(51		)	—			(51		)
Asset distribution	(9,615		)	(1,892		)	—			(11,507		)
Transfers in and/or out of Level 3	—			—			—			—
Balance at September 30, 2013	$	3,888,893		$	—		$	6,238		$	3,895,131
The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains or losses relating to assets still held at:
September 30, 2013	$	197,429		$	31		$	—		$	197,460

The changes in liabilities measured at fair value using significant unobservable inputs (Level 3) during the nine-months ended September 30, 2012 and 2013 were as follows:

	VIE long-term debt issued by securitizations and permanent financing trusts
Balance at December 31, 2011	$	2,663,873
Total (gains) losses:
Included in earnings / losses	157,998
Issuances	400,881
Interest accreted	(25,207		)
Repayments	(169,693		)
Transfers in and/or out of Level 3	—
Balance at September 30, 2012	$	3,027,852
The amount of total (gains) losses for the period included in earnings attributable to the change in unrealized gains or losses relating to long- term debt still held at:
September 30, 2012	$	157,998
Balance at December 31, 2012	$	3,229,591
Total (gains) losses:
Included in earnings / losses	23,769
Issuances	406,240
Interest accreted	(35,863		)
Repayments	(185,876		)
Transfers in and/or out of Level 3	—
Balance at September 30, 2013	$	3,437,861
The amount of total (gains) losses for the period included in earnings attributable to the change in unrealized gains or losses relating to long- term debt still held at:
September 30, 2013	$	23,769

Realized and unrealized gains and losses included in earnings in the accompanying condensed consolidated statements of operations for the three and nine-months ended September 30, 2012 and 2013 are reported in the following revenue categories:

	VIE and other finance receivables and long- term debt		Life settlement contracts income
Total gains (losses) included in earnings in the three months ended September 30, 2012	$	57,142	$	183
Change in unrealized gains (losses) in the three months ended September 30, 2012 relating to assets still held at the reporting date	$	57,142	$	183
Total gains (losses) included in earnings in the three months ended September 30, 2013	$	46,020	$	51
Change in unrealized gains (losses) in the three months ended September 30, 2013 relating to assets still held at the reporting date	$	46,020	$	51
Total gains (losses) included in earnings in the nine months ended September 30, 2012	$	188,748	$	(517	)
Change in unrealized gains (losses) in the nine months ended September 30, 2012 relating to assets still held at the reporting date	$	188,157	$	(132	)
Total gains (losses) included in earnings in the nine months ended September 30, 2013	$	173,660	$	(22	)
Change in unrealized gains (losses) in the nine months ended September 30, 2013 relating to assets still held at the reporting date	$	173,660	$	31

The Company discloses fair value information about financial instruments, whether or not recognized at fair value in the Company’s condensed consolidated balance sheets, for which it is practicable to estimate that value.  As such, the estimated fair values of the Company’s financial instruments are as follows:

	December 31,				September 30,
	2012				2013
	Estimated				Estimated
	Fair		Carrying		Fair		Carrying
	Value		Amount		Value		Amount
Financial assets
Marketable securities	$	131,114	$	131,114	$	132,613	$	132,613
VIE and other finance receivables, at fair market value	3,615,188		3,615,188		3,888,893		3,888,893
VIE and other finance receivables, net of allowance for losses (1)	145,155		150,353		127,413		133,505
Life settlement contracts, at fair market value	1,724		1,724		—		—
Notes receivable, at fair market value	8,074		8,074		6,238		6,238
Notes receivable, due from affiliate (1)	5,243		5,243		—		—
Other receivables, net of allowance for losses (1)	13,146		13,146		14,269		14,269
Financial liabilities
VIE derivative liabilities, at fair market value	121,498		121,498		81,125		81,125
VIE borrowings under revolving credit facilities and other similar borrowings (1)	28,198		27,380		50,655		49,168
VIE long-term debt (1)	158,801		162,799		149,954		154,020
VIE long-term debt issued by securitization and permanent financing trusts, at fair market value	3,229,591		3,229,591		3,437,861		3,437,861
Installment obligations payable (1)	131,114		131,114		132,613		132,613
Term loan payable (1)	142,441		142,441		556,422		556,422

(1) These represent financial instruments not recorded in the condensed consolidated balance sheets at fair value.  Such financial instruments would be classified as Level 3 within the fair value hierarchy.