- The Wall Street Journal•2 months ago
One of the two life-settlement firms that were competing to manage Life Partners Inc.’s $2.3 billion portfolio of investments has backed out in a negotiated deal that a Texas bankruptcy judge said “has ...
- The Wall Street Journal•3 months ago
More than 20,000 customers of the company that puts together investment deals that bet on the timing of a stranger’s death must deciding whether to ditch their investments or continue making payments.
- Bloomberg•last year
Life Partners Holdings Inc. won’t immediately have to entertain competing bids to reorganize its assets, which include stakes in life insurance policies with a face value of $2.4 billion. The bankrupt dealer of so-called “life settlements” can retain exclusive control of its Chapter 11 case for now, U.S. Bankruptcy Judge Russell Nelms ruled Friday in Ft. Worth, Texas. The decision blocks parties seeking control of the firm’s assets, including Vida Capital Inc., from filing reorganization plans of their own.
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