On May 18, 2015, a motion for authority to enter into a transaction which is outside the ordinary course of business was filed in the bankruptcy case of Life Partners Holdings, Inc. and its affiliates.
The filing was assigned docket number 332 and is described on the court’s official docket as follows:
Motion to compel the Trustee to act in accordance with the Bankruptcy Code sections 363(c)(1) and 327(a). Filed by Interested Party Ad Hoc Committee of Fractional Insurance Beneficiaries of Life Partners, Inc. Objections due by 6/11/2015. (Attachments: # (1) Service List) (Ritter, David)
Life Partners Holdings, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on January 20, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the Northern District of Texas . The case number for the lead bankruptcy case is 15-40289. The bankruptcy case is currently assigned to United States Bankruptcy Judge Russell Nelms. The law firm of Forshey & Prostok LLP is acting as lead bankruptcy counsel to Life Partners Holdings, Inc. in the bankruptcy case.