Life Settlements Absolute Return I sees $357,575 February net loss

By Caroline Salls

Pittsburgh, March 21 – Life Settlements Absolute Return I, LLC (LSAR) reported a $357,575 net loss for February on $5,956 in revenue, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

Those figures showed improvement over the $537,640 net loss posted for January on $5,077 in revenue.

The company had $7.02 million in restricted cash as of Feb. 28, down from $8.07 million at the end of January.

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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