Life Settlements Absolute Return I sees $217,809 net loss for March

By Caroline Salls

Pittsburgh, April 26 – Life Settlements Absolute Return I, LLC reported a $217,809 net loss for March on $119,448 in total revenue, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

Those figures showed improvement over the $384,724 net loss posted for February on $5,956 in revenue.

The company had $11.14 million in restricted cash as of March 31, up from $7.02 million at the end of February.

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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