Master Lending Group LLC, a local to Savannah, Ga., and private investment group owned by Gregory Hirsch, filed for chapter 7 protection on July 6, WSAV.com reported. The hedge fund has between 100 and 199 creditors, according to a court filing, with the amount of losses to individual investors ranging from $10,000 to $3 million. In the court document, Hirsch lists over $6 million in property owned along Bull Street, West Victory and East River Street, just under $1 million in cash and $95,000 in a checking account, along with a $5 million life insurance policy. Those amounts do not add up to the total owed of $42.996 million. Along with the individual investor losses, the chapter 7 filing lists that Master Lending LLC and Gregory Hirsch are in breach of promissory note loans totaling $16,000,000.
