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Life Settlements net loss widens to $725,187 in January; revenue falls
By Caroline Salls
Pittsburgh, March 25 – Life Settlements Absolute Return I, LLC posted a $725,187 net loss for January on $10,457 in total revenue, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, Life Settlements posted a $498,140 net loss for December on $10,558 in total revenue.
The company listed zero cash and cash equivalents as of Jan. 31, the same as at the end of December.
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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