Life Settlements loss widens to $498,140 in December; revenue falls

By Caroline Salls

Pittsburgh, Jan. 31 – Life Settlements Absolute Return I, LLC posted a $498,140 net loss for December on $10,558 in total revenue, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, Life Settlements reported a $399,574 net loss for November on $10,630 in total revenue.

The company listed zero cash and cash equivalents as of Dec. 31, the same as at the end of November.

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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