David Bennett Quoted in The Deal Pipeline on Life Partners' Bankruptcy

“Stalking-horse bidder proposes to buy Life Partners’ servicing business for $1M”

One of the owners of an escrow company that works with Life Partners Holdings Inc. has put in a $1 million “stalking horse” bid to buy the company’s life settlement servicing business once it emerges from bankruptcy.

News of his bid surfaced at an Oct. 5 hearing in U.S. Bankruptcy Court in Fort Worth, Texas, when trustee Tom Moran’s attorney, David Bennett of Thompson & Knight LLP in Dallas, announced the proposal.