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Life Settlements Absolute Return I sees $537,640 net loss for January
By Caroline Salls
Pittsburgh, Feb. 21 – Life Settlements Absolute Return I, LLC (LSAR) reported a $537,640 net loss for January on $5,077 in revenue, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.
The company had $8.07 million in restricted cash as of Jan. 31.
Life Settlements is a Greenville, S.C.-based insurance company. The company filed bankruptcy on Dec. 29, 2017 under Chapter 11 case number 17-13030.
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