Life Partners reports $92,278 net profit for November on zero revenue

By Caroline Salls

Pittsburgh, Dec. 22 – Life Partners Holdings, Inc. reported a $92,278 net profit for November on zero revenue, according to its monthly operating report filed Tuesday with the Securities and Exchange Commission.

In comparison, Life Partners posted a $113,762 net loss for October, also on zero revenue.

The company listed $1.61 million in cash as of Nov. 30, up from $354,758 at the end of October.

Waco, Texas-based Life Partners is engaged in the secondary market for life insurance. The company filed for bankruptcy on May 20, 2015 in the U.S. Bankruptcy Court for the Northern District of Texas. Its Chapter 11 case number is 15-40289.

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