Life Partners reports $61,635 net loss for February on zero revenue

By Caroline Salls

Pittsburgh, March 22 – Life Partners Holdings, Inc. reported a $61,635 net loss for February on zero revenue, according to its monthly operating report filed March 21 with the U.S. Bankruptcy Court for the Northern District of Texas.

In comparison, Life Partners posted a $41,228 net loss for January, also on zero revenue.

The company listed $204,170 in cash as of Feb. 29, down from $242,040 at the end of January.

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

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