Life Partners Holdings sees $260,515 April net loss on zero revenue

By Caroline Salls

Pittsburgh, May 20 – Life Partners Holdings, Inc. reported a $260,515 net loss for April on zero revenue, according to its monthly operating report filed Friday with the Securities and Exchange Commission.

In comparison, Life Partners posted a $66,906 net loss for March, also on zero revenue.

The company listed $117,716 in cash as of April 30, down from $164,660 at the end of March.

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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