Life Partners Holdings Inc., which buys rights to life insurance death benefits and sells them to investors, filed for bankruptcy protection as it seeks to avoid legal claims including a $46 million judgment against it and its chief executive officer (In re Life Partners Holdings Inc., Bankr. N.D. Tex., 15-40289, petition filed 1/20/15).
A subsidiary, Life Partners Inc., will continue to operate, Waco, Texas-based Life Partners said in a Jan. 20 statement distributed by Business Wire. The filing will also help the company avoid a Securities and Exchange Commission move to appoint a receiver, which could lead ...
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