Trustee Update re Claire Sawchuk Policy ID 54669

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 The Trust owns a $10,000,000 policy insuring the life of Claire Sawchuk (Policy ID 54669). The policy was issued by Sun Life. The insured died on August 31, 2019 and thereafter the Trust submitted a death claim. Sun Life has refused to pay the claim and on November 19, 2019 filed a lawsuit against Advanced Trust and Life Services (“ATLES” …

Trustee Update on K-1s and Grantor Statements

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Many investors have called regarding the timing of K-1s and Grantor Statements being issued. Those forms will be mailed during the week of March 18, 2019, so you should have them shortly after that time.

Trustee Update

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Beginning January 1, 2018, a new law increased maximum US Trustee quarterly fees for Chapter 11 cases from $30,000 to $250,000. Because there was less need to keep the case open beyond first quarter 2019, as Trustee I filed a joint application in January, 2019 with the Creditors’ Trust Trustee to close the Life Partners bankruptcy case, which would terminate …