UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 1)*

THE J.G. WENTWORTH COMPANY

(Name of Issuer)

Class A Common Stock, par value $0.00001 per share

(Title of Class of Securities)

46618D108

(CUSIP Number)

Ricardo Mosquera, 1330 Avenue of the Americas, 30th Floor New York, NY 10019 (P) 212-356-6137

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

November 30, 2017

(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☒ Rule 13d-1(b)
☐ Rule 13d-1(c)
☐ Rule 13d-1(d)

^* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Continued on following pages

Page 1 of 10 Pages

Exhibit Index: Page 9

CUSIP No. 46618D108

13G

Page 2 of 10 Pages

1	NAMES OF REPORTING PERSONS
	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
	Axar Capital Management, LP

2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)☐
	(b)☐
3	SEC USE ONLY


4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		5	SOLE VOTING POWER
			0

		6	SHARED VOTING POWER
			0

		7	SOLE DISPOSITIVE POWER
			0

		8	SHARED DISPOSITIVE POWER
			0

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	0

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
	☐

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.0%

12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	IA

CUSIP No. 46618D108

13G

Page 3 of 10 Pages

1	NAMES OF REPORTING PERSONS
	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
	Axar GP, LLC

2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)☐
	(b)☐
3	SEC USE ONLY


4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		5	SOLE VOTING POWER
			0

		6	SHARED VOTING POWER
			0

		7	SOLE DISPOSITIVE POWER
			0

		8	SHARED DISPOSITIVE POWER
			0

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	0

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
	☐

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.0%

12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	OO, HC

CUSIP No. 46618D108

13G

Page 4 of 10 Pages

1	NAMES OF REPORTING PERSONS
	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
	Andrew Axelrod

2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)☐
	(b)☐
3	SEC USE ONLY


4	CITIZENSHIP OR PLACE OF ORGANIZATION
	United States of America

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		5	SOLE VOTING POWER
			0

		6	SHARED VOTING POWER
			0

		7	SOLE DISPOSITIVE POWER
			0

		8	SHARED DISPOSITIVE POWER
			0

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	0

10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
	☐

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.0%

12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	IN, HC


CUSIP No. 46618D108	13G	Page 5 of 10 Pages

Item 1.

	(a)	Name of Issuer The J.G. Wentworth Company

	(b)	Address of Issuer’s Principal Executive Offices 1200 Morris Drive, Suite 300, Chesterbrook, Pennsylvania 19087

Item 2.

	(a)	Name of Person Filing Pursuant to Regulation 13D-G of the General Rules and Regulations under the Securities Exchange Act of 1934, as amended (the “Act”), the following persons (collectively, the “Reporting Persons”) hereby file this Schedule 13G Statement to report the shares of Class A Common Stock held on behalf of each of Axar Master Fund, Ltd., a Cayman Islands exempted company, and a separately managed account: Axar Capital Management, LP a Delaware limited partnership; Axar GP, LLC, a Delaware limited liability company; and Andrew Axelrod. Axar Capital Management, LP serves as investment advisor of each of Axar Master Fund, Ltd and the separately managed account. Axar GP, LLC is the sole general partner of Axar Capital Management, LP. Andrew Axelrod is the sole member of Axar GP, LLC and is the managing partner, portfolio manager and majority control person of Axar Capital Management, LP. In such capacities, the Reporting Persons may, pursuant to Rule 13d-3 under the Act, be deemed to be the beneficial owner of the shares of Class A Common Stock reported herein. The Reporting Persons are filing this statement jointly, in accordance with Rule 13d-1(k) under the Act. Neither the fact of this filing nor anything contained herein shall be deemed to be an admission by any of the Reporting Persons that they constitute a “group.”

	(b)	Address of the Principal Office or, if none, residence 1330 Avenue of the Americas, 30th Floor, New York, NY 10019

	(c)	Citizenship Axar Capital Management, LP is a Delaware limited partnership. Axar GP, LLC is a Delaware limited liability company. Andrew Axelrod is a citizen of the United States of America.

	(d)	Title of Class of Securities Class A Common Stock, par value $0.00001 per share

	(e)	CUSIP Number 46618D108

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

			An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E). A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).


CUSIP No. 46618D108	13G	Page 6 of 10 Pages

Item 4. Ownership.

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. All ownership information reported in this Item 4 is as of November 30, 2017.

Axar Capital Management, LP, Axar GP, LLC and Andrew Axelrod


(a)	Amount beneficially owned: 0 shares of Class A Common Stock

(b)	Percent of class: 0.0%

(c)	Number of shares as to which the person has:

	(i)	Sole power to vote or to direct the vote : 0

	(ii)	Shared power to vote or to direct the vote: 0

	(iii)	Sole power to dispose or to direct the disposition of 0.

	(iv)	Shared power to dispose or to direct the disposition of 0.

Item 5. Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof each of the Reporting Persons has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☒

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Not Applicable

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

See disclosure in Item 2 hereof.

Item 8. Identification and Classification of Members of the Group.

Not Applicable.

Item 9. Notice of Dissolution of Group.

Not Applicable.


CUSIP No. 46618D108		13G		Page 7 of 10 Pages

Item 10. Certification.


			The following certification shall be included if the statement is filed pursuant to §240.13d-1(b):

			By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11.


CUSIP No. 46618D108		13G		Page 8 of 10 Pages

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.



		12/28/2017
		Date

		Axar Capital Management, LP

		By: Axar GP, LLC, its General Partner
		By: /s/ Andrew Axelrod
		Signature

		Andrew Axelrod, Sole Member of Axar GP, LLC
		Name/Title

		Axar GP, LLC

		/s/ Andrew Axelrod
		Signature

		Andrew Axelrod, Sole Member
		Name/Title

		Andrew Axelrod

		/s/ Andrew Axelrod
		Signature


CUSIP No. 46618D108		13G		Page 9 of 10 Pages

EXHIBIT INDEX

Ex.		Page No.

Joint Filing Agreement		10


CUSIP No. 46618D108		13G		Page 10 of 10 Pages

EXHIBIT 1

JOINT FILING AGREEMENT
PURSUANT TO RULE 13d-1(k)

The undersigned hereby agree that the statement on Schedule 13G with respect to the Class A Common Stock of The J.G. Wentworth Company dated as of December 28, 2017 is, and any amendments thereto (including amendments on Schedule 13D) signed by each of the undersigned shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.



		12/28/2017
		Date

		Axar Capital Management, LP

		By: Axar GP, LLC, its General Partner
		By: /s/ Andrew Axelrod
		Signature

		Andrew Axelrod, Sole Member of Axar GP, LLC
		Name/Title

		Axar GP, LLC

		/s/ Andrew Axelrod
		Signature

		Andrew Axelrod, Sole Member
		Name/Title

		Andrew Axelrod

		/s/ Andrew Axelrod
		Signature

J.G. Wentworth Co SC 13G/A