27 Jul Joint Plan FAQ

IRA-Specific Questions Q1: If I originally invested through my IRA, I currently have a note. What’s the problem? A1:  The Trustee believes that the “notes” that LPI sold do not qualify as debt or as an investment in life insurance for U.S tax purposes.  Instead, an IRA...

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14 Jun Class Settlement FAQ

Frequently Asked Questions About the Class Action Settlement Agreement   What is a class action? A “class action lawsuit” is one in which certain individuals (the “Class Representatives” or “Lead Plaintiffs”), acting on behalf of people with the same or similar injuries caused by the same defendant...

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06 Jun Premium Invoice FAQ

LPHI Trustee Website FAQ LIFE PARTNERS, INC. BANKRUPTCY Premium Invoice FAQ April 21, 2016   Why does my premium invoice show a past due balance when I have paid all the premiums for which I received an invoice? The outstanding balance may be the result of: premium amounts paid to...

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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...

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01 Mar LPHI Website FAQ v. 8

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...

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21 Sep LPHI Website FAQ v. 7

LPI Financing Motion FAQ September 21, 2015   What is the purpose of this motion? The purpose of the Financing Motion is to allow Life Partners to continue to operate in order to obtain Court approval for the consensual plan that is being negotiated.   The motion mentions a negotiated plan...

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24 Jul LPHI Website FAQ v. 6

Frequently Asked Questions Litigation Regarding Policy Ownership July 23, 2015   What is the Notice of Hearing and Motion to Establish Process for Consideration of Issues Relating to Ownership of Life Insurance Policies and Proceeds and  For Certain Related Relief that I received? The Trustee, on behalf of the Debtors,...

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24 Jul LPHI Website FAQ v. 5

LPHI Trustee FAQ Claims and Insurance Investor Questionnaire July 21, 2015     Proof of Claim Questions  1.  What is a Proof of Claim? A Proof of Claim is the form that must be completed to assert a claim in a bankruptcy case. On July 7, 2015, a Proof of Claim form was mailed...

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07 Jul LPHI Website FAQ v. 3

LPHI Trustee Website FAQ LIFE PARTNERS, INC. BANKRUPTCY Frequently Asked Questions May 23, 2015 On May 19, 2015, Life Partners, Inc., a Texas corporation (“LPI”), and LPI Financial Services, Inc., a Texas corporation (“LPIFS”), each of which is a direct or indirect subsidiary of Life Partners Holdings, Inc. (“LPHI”),...

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