04/17/2017 Letter re Plan Modifications

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On April 6, 2017, the Court heard the joint motion of the PHT Trustee and the Creditors’ Trustee to modify the Third Amended Plan of Reorganization. After the motion was filed, some investors objected to the motion and other parties expressed concerns about some of the Trustees’ proposals. After significant negotiations, the Trustees and the objecting investors agreed to slightly change …

04/14/2017 Letter re IRA Option 4 (Conversion)

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Re: Your IRA Option 4 (Conversion) election regarding certain positions Dear Investor: According to our records, you elected IRA Option 4 (Conversion) for at least one position in your IRA. In order for your election to be valid, you must instruct your IRA custodian to distribute the position(s) for which you elected Option 4 out of your IRA. To do so, you …

12/16/2016 Letter from Thomas Moran, Chapter 11 Trustee

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Dear LPHI Creditor: I’m writing today to share some good news with you: the Joint Plan of Reorganization for Life Partners Holdings Inc. (LPHI) 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. No one knows better than you what an arduous process this …

12/13/2016 Welcome letter from Eduardo Espinosa, Trustee of Life Partners Position Holders Trust

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Dear LPHI Creditor: We are writing today to introduce ourselves, the Life Partners Position Holders Trust (the “PHT”), and Magna Servicing. The PHT is one of two trusts created by LPHI’s Joint Plan of Reorganization. The job of the PHT is to liquidate the LPI policy portfolio and distribute the net proceeds to investors. Magna Servicing, a subsidiary of Vida …