Life Partners Holdings, Inc.

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Case overview

Case Number:

4:15-bk-40289

Court:

Texas Northern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

January 28, 2020
Life Partners Sues Insurer Over $10M Death Benefits Policy

Defunct life insurance investment company Life Partners Holdings Inc. is suing Sun Life Assurance Co. of Canada for refusing to pay up on a $10 million policy, claiming the insurer collected $3.6 million in premiums over several years before suddenly deciding the policy is invalid.
November 14, 2018
Insurance Trustee Fined $370K For Suing Life Partners

A Texas bankruptcy court on Tuesday imposed more than $370,000 in fines and held in contempt a life insurance trustee who violated a court order not to launch new litigation over the ownership of insurance policies that were bought by Life Partners Holdings Inc.
February 28, 2017
Goodman & Nekvasil Survives DQ Bid In Life Partners Ch. 11

A Texas bankruptcy judge Monday denied a request by class action plaintiffs in an adversary case in the Life Partners Holdings Chapter 11 to disqualify and sanction Goodman & Nekvasil PA because the firm sent out solicitation letters to Life Partners investors and allegedly lied to the court about it.
February 23, 2017
Thompson & Knight Defends $25M Fee In Life Partners Ch. 11

Thompson & Knight LLP has pushed back in Texas federal court against a U.S. trustee’s objections to its bid for more than $25 million in fees and expenses for serving as counsel to Life Partners Holdings Inc.’s Chapter 11 trustee, saying it has already agreed to fee reductions.
January 24, 2017
Thompson & Knight Seeks OK Of $26M In Life Partners Ch. 11

Thompson & Knight LLP asked a Texas bankruptcy court Monday to approve its final application for nearly $26 million in fees and expenses incurred while it served as trustee counsel throughout Life Partners Holdings Inc.'s Chapter 11 proceedings, touting the firm's tireless work to return a projected $1.2 billion to investors.
January 13, 2017
Life Partners Investors Want Goodman & Nekvasil DQ'd

The investors who are class-action plaintiffs in an adversary case in the Life Partners Holdings Chapter 11 told a Texas bankruptcy judge on Thursday to disqualify and sanction Goodman & Nekvasil PA because the firm sent out solicitation letters to Life Partners investors and lied to the court about it.
November 02, 2016
Life Partners' Ch. 11 Reorganization Plan Confirmed

A Texas bankruptcy judge on Tuesday confirmed a Chapter 11 reorganization plan for Life Partners Holdings Inc. that was collectively filed by the debtor's court-appointed trustee and an official committee of unsecured creditors, offering relief to thousands of investors, the trustee announced.
September 08, 2016
Life Partners' Lender Seeks Locke Lord DQ From Bankruptcy

Life Partners Holdings' financier and asset adviser Vida Capital on Wednesday demanded that Locke Lord LLP be disqualified as counsel to a third party in Life Partners' ongoing bankruptcy, telling a Texas court that the firm is conflicted as counsel to Vida in other matters.
July 21, 2016
Life Partners Seeks Nod On $10M In New Ch. 11 Financing

Life Partners Holdings' court-appointed trustee asked for approval Wednesday from a Texas bankruptcy judge to approve $10 million in new Chapter 11 financing from life settlement adviser Vida Capital.
June 20, 2016
Life Partners Trustee Secures Support For Ch. 11 Plan

The court-appointed trustee overseeing the Life Partners Holdings Inc. bankruptcy said in court papers filed Friday in Texas that it has reached an agreement with life settlement adviser Vida Capital over the terms of a proposed reorganization plan that could see the debtor emerge from Chapter 11 by the end of the summer.

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