Life Partners Holdings, Inc. Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Pay Claims Of Employees

On June 17, 2015, an order regarding the motion for authority to pay claims of employees was filed in the bankruptcy case of Life Partners Holdings, Inc. and its affiliates.

The filing was assigned docket number 484 and is described on the court’s official docket as follows:

Order authorizing (A) Payment of prepetition employee wages, salaries and payroll taxes, (B) Reimbursement of employees for prepetition business expenses, and (C) honoring of existing benefit plans and policies at the trustee’s discretion in the ordinary course of business (related document # [339]) Entered on 6/17/2015. (Kucera, J.)

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.


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