JOURNAL ARTICLE

Fund Founder George Weiss Files Bankruptcy Over Jefferies Debt.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Ma, Dorothy; Randles, Jonathan 3 of 3

Abstract

The article focuses on the personal bankruptcy filing of hedge fund founder George Weiss, who has sought Chapter 11 protection in Florida following a federal court ruling that he is liable for over $100 million in debts owed by his firm, Weiss Multi-Strategy Advisers, to Jefferies Financial Group Inc. Weiss's bankruptcy petition lists assets and liabilities between $100 million to $500 million and includes a disputed $180 million claim from the Internal Revenue Service. The filing aims to halt collection actions from Jefferies and facilitate an orderly resolution of his debts, as Weiss also pursues a $250 million defamation lawsuit against Jefferies, alleging threats to his career related to the debt. Jefferies is identified as a major creditor, claiming Weiss owes substantial amounts under various agreements. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/06, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2025
  • Accession Number:185689327
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