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Life Partners reports $66,573 net loss for December on zero revenue
By Caroline Salls
Pittsburgh, Jan. 19 – Life Partners Holdings, Inc. reported a $66,573 net loss for December on zero revenue, according to its monthly operating report filed Tuesday with the Securities and Exchange Commission.
In comparison, Life Partners posted a $92,278 net profit for November, also on zero revenue.
The company listed $429,321 in cash as of Dec. 31, down from $1.61 million at the end of November.
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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