22 Apr Amendment to Schedule F FAQ

LPHI Trustee Website FAQ

LIFE PARTNERS, INC. BANKRUPTCY

LPI “Notice of Amendment to Schedule F” FAQ

February 29, 2016

1. What does “Contingent, Unliquidated or Disputed” refer to?

Information related to the classification of Contingent, Unliquidated and/or Disputed claims can be found in the Global Notes to Amended Schedule F. In addition, general information regarding the schedules and the terms “Contingent, Unliquidated and “Disputed” can be found in the instructions to Official Bankruptcy Form 206E/F, which is available at: http://www.uscourts.gov/forms/bankruptcy-forms.

2. I’ve already submitted a claim; do I need to resubmit a claim?

As stated in the Notice of Filing of Amended Schedule F, if you have already filed one or more Proofs of Claim to assert your claim(s) against LPI, you do NOT need to re-file your Proof(s) of Claim, even if you disagree with the amount(s) scheduled under Amended Schedule F corresponding to your claim(s).  Amended Schedule F does not affect the proof of claim filed by you and/or your counsel.

3. I don’t recall if I filed a claim / What is the Status of my Claim?

For information regarding claims and related questions, and to verify that you have filed any claims, the EPIQ “Claims” section allows you to search the claims register for the Life Partners’ cases, including by a creditor’s last name, claim number, schedule number, and/or docket number. If you still have questions, please refer to the EPIQ helpline.

Claim Search Link: http://dm.epiq11.com/LFP/Claim

EPIQ Helpline Phone Number: 866-841-7869

4. How is the amount of a claim calculated?

The amount of a claim shown on Amended Schedule F is based on what records show you have paid to acquire an interest and any premiums paid to maintain that interest.  In other words, it is intended to reflect your paid in basis. It does not reflect your expected returns under your investment contracts.

5. How do I get a claim form?

“The Notice of Filing of Amendment to Life Partners, Inc. Schedule F” contains information related to where a claim form for can be obtained on page two (attached).  A claim form that is customized for your account can be obtained by calling EPIQ and asking for it to be mailed to you: 866-841-7869.  A general proof of claim form can be downloaded from EPIQ’s website for the bankruptcy cases, at: http://dm.epiq11.com/LFP/Project#

*It is located at the bottom right of that page.

6. If I didn’t file a claim, can I file one now?

As stated on the notice of filing of Amended Schedule F, if you disagree with how your claims are listed on Amended Schedule F, and you still held your investment as of May 19, 2015, you may file a claim to assert the claim information you believe is correct.  And Amended Schedule F has no effect on any proof of claim that you and/or your counsel have already filed.

With respect to any investment interest in a life or viatical settlement that you previously held but no longer held as of May 19, 2015, you may need to specifically request that the Bankruptcy Court allow your claim.  For more information regarding this process, you may contact the Official Committee of Unsecured Creditors. Their email address is:  lphi-committee@munsch.com.

7. Do I need to file a claim in order to preserve my rights of ownership and distribution of funds from matured policies?

As stated on the notice of filing of Amended Schedule F, if your claim is marked under Amended Schedule F as contingent, unliquidated, and/or disputed, and you have not already filed a Proof of Claim in these chapter 11 cases on account of such claim, you MUST timely file a Proof of Claim so it is received by March 21st or you will be forever barred from recovery.

8. I can’t understand this proof of claim form / Can someone help me fill it out? 

The Official Committee of Unsecured Creditors has produced an informational video that is intended for investors, and that addresses each item on the proof of claim form, with details explaining how it can be filled in.  The Official Committee believes that many investors have found it to be very helpful.

You can access the video at the Official Committee’s website, at:

http://lifepartnerscommittee.com/

Look for the blue “POC Video” button on the top right banner.