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Life Settlements Absolute Return I posts $40.05 million May net income
By Caroline Salls
Pittsburgh, July 10 – Life Settlements Absolute Return I, LLC reported $40.05 million of net income for May on $42.31 million in total 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 $983,634 net loss posted for April on $7,356 in total revenue.
The company listed no cash and cash equivalents in April or May.
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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