“Life Partners Inc. Exits Bankruptcy, Begins Returning Assets to Investors”
H. Thomas Moran, II, the Chapter 11 Trustee for Life Partners Holdings Inc. (LPHI), today announced that the Joint Plan of Reorganization sponsored by Moran and the Official Unsecured Creditors’ Committee became effective on December 9, 2016. As a result, Life Partners has emerged from bankruptcy as a reorganized enterprise designed to maximize recovery for investors.
Moran applauded the efforts of the professionals and firms involved for having achieved this important milestone. In addition to David Bennett, Richard Roper and Katharine Clark of Thompson & Knight LLP, who represent Moran, he cited the important contributions of other members of his team including: Sheri Townsend of Asset Servicing Group; Kim Hinkle of Kim Hinkle Law; Dawn Ragan of Bridgepoint Consulting; William Schuerger and Randy Williams of Thompson Knight LLP; Vince Granieri of Predictive Resources; and Melvin McVay of Phillips Murrah.