LIFE PARTNERS HOLDINGS INC - FORM 8-K - EX-99.10 - EXHIBIT 99.10 - December 21, 2015

Attached files

file filename
8-K - FORM 8-K - LIFE PARTNERS HOLDINGS INCv427341_8k.htm
EX-99.4 - EXHIBIT 99.4 - LIFE PARTNERS HOLDINGS INCv427341_ex99-4.htm
EX-99.6 - EXHIBIT 99.6 - LIFE PARTNERS HOLDINGS INCv427341_ex99-6.htm
EX-99.7 - EXHIBIT 99.7 - LIFE PARTNERS HOLDINGS INCv427341_ex99-7.htm
EX-99.9 - EXHIBIT 99.9 - LIFE PARTNERS HOLDINGS INCv427341_ex99-9.htm
EX-99.8 - EXHIBIT 99.8 - LIFE PARTNERS HOLDINGS INCv427341_ex99-8.htm
EX-99.3 - EXHIBIT 99.3 - LIFE PARTNERS HOLDINGS INCv427341_ex99-3.htm
EX-99.1 - EXHIBIT 99.1 - LIFE PARTNERS HOLDINGS INCv427341_ex99-1.htm
EX-99.2 - EXHIBIT 99.2 - LIFE PARTNERS HOLDINGS INCv427341_ex99-2.htm
EX-99.5 - EXHIBIT 99.5 - LIFE PARTNERS HOLDINGS INCv427341_ex99-5.htm
EX-99.19 - EXHIBIT 99.19 - LIFE PARTNERS HOLDINGS INCv427341_ex99-19.htm
EX-99.15 - EXHIBIT 99.15 - LIFE PARTNERS HOLDINGS INCv427341_ex99-15.htm
EX-99.17 - EXHIBIT 99.17 - LIFE PARTNERS HOLDINGS INCv427341_ex99-17.htm
EX-99.14 - EXHIBIT 99.14 - LIFE PARTNERS HOLDINGS INCv427341_ex99-14.htm
EX-99.18 - EXHIBIT 99.18 - LIFE PARTNERS HOLDINGS INCv427341_ex99-18.htm
EX-99.11 - EXHIBIT 99.11 - LIFE PARTNERS HOLDINGS INCv427341_ex99-11.htm
EX-99.13 - EXHIBIT 99.13 - LIFE PARTNERS HOLDINGS INCv427341_ex99-13.htm
EX-99.16 - EXHIBIT 99.16 - LIFE PARTNERS HOLDINGS INCv427341_ex99-16.htm
EX-99.12 - EXHIBIT 99.12 - LIFE PARTNERS HOLDINGS INCv427341_ex99-12.htm

 

Exhibit 99.10

 

Monthly Operating Report

CASH BASIS

 

CASE NAME: Life Partners Holdings, Inc.
   
CASE NUMBER: 15-40289-rfn-11
   
JUDGE: Russell Nelms

 

UNITED STATES BANKRUPTCY COURT

 

NORTHERN & EASTERN DISTRICTS OF TEXAS

 

REGION 6

 

MONTHLY OPERATING REPORT

 

MONTH ENDING:   July     2015    
  MONTH     YEAR    

 

IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING REPORT (CASH BASIS-1 THROUGH CASH BASIS-6) AND THE ACCOMPANYING ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT, AND COMPLETE. DECLARATION OF THE PREPARER (OTHER THAN RESPONSIBLE PARTY) IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE.

 

RESPONSIBLE PARTY:

 

    Trustee
ORIGINAL SIGNATURE OF RESPONSIBLE PARTY   TITLE
     
H. Thomas Moran II   8/20/2015
PRINTED NAME OF RESPONSIBLE PARTY   DATE
     
PREPARER:    
     
    CEO
ORIGINAL SIGNATURE OF PREPARER   TITLE
     
Colette Pieper   8/20/2015
PRINTED NAME OF PREPARER   DATE
     
NOTES:    
Schedule Amounts were updated per the amended filing on 7/2/15.    

 

 

 

 

Monthly Operating Report

CASH BASIS-1

 

CASE NAME: Life Partners Holdings, Inc.
   
CASE NUMBER: 15-40289-rfn-11

 

CASH RECEIPTS AND  MONTH   MONTH   MONTH   MONTH 
DISBURSEMENTS  Apr 30,2015   May 31,2015   June 30,2015   July 31,2015 
1.   CASH - BEGINNING OF MONTH  $34,256.39   $12,603.29   $21,359.90   $34,681.70 
RECEIPTS                    
2.   CASH SALES                    
3.   ACCOUNTS RECEIVABLE COLLECTIONS                    
4.   LOANS AND ADVANCES                    
5.   SALE OF ASSETS                    
6.   LEASE & RENTAL INCOME  $10,000.00   $10,000.00   $22,000.00   $ 10,000.00 11
7.   WAGES                    
8.   OTHER (ATTACH LIST)       $61,398.28          2
9.   TOTAL RECEIPTS  $10,000.00   $71,398.28   $22,000.00   $10,000.00 
DISBURSEMENTS                    
10.  NET PAYROLL                    
11.  PAYROLL TAXES PAID                    
12.  SALES,USE & OTHER TAXES PAID            $150.00      
13.  INVENTORY PURCHASES                    
14.  MORTAGE PAYMENTS                    
15.  OTHER SECURED NOTE PAYMENTS                    
16.  RENTAL & LEASE PAYMENTS                    
17.  UTILITIES                    
18.  INSURANCE  $1,058.43   $1,054.43   $2,462.99   $2,475.99 
19.  VEHICLE EXPENSES                    
20.  TRAVEL                    
21.  ENTERTAINMENT                    
22.  REPAIRS & MAINTENANCE                    
23.  SUPPLIES  $433.02        $484.65      
24.  ADVERTISING                    
25.  HOUSEHOLD EXPENSES                    
26.  CHARITABLE CONTRIBUTIONS                    
27.  GIFTS                    
28.  OTHER (ATTACH LIST)  $28,211.65   $61,587.24   $5,580.56   $ 5,018.312
29.  TOTAL ORDINARY DISBURSEMENTS  $29,703.10   $62,641.67   $8,678.20   $7,494.30 
REORGANIZATION EXPENSES                    
30.  PROFESSIONAL FEES                    
31.  U.S. TRUSTEE FEES  $1,950.00             $1,950.00 
32.  OTHER (ATTACH LIST)                 $ 1,488.302
33.  TOTAL REORGANIZATION EXPENSES  $1,950.00   $-   $-   $3,438.30 
34.  TOTAL DISBURSEMENTS  $31,653.10   $62,641.67   $8,678.20   $ 10,932.601
35.  NET CASH FLOW  $(21,653.10)  $8,756.61   $13,321.80   $(932.60)
36.  CASH - END OF MONTH  $12,603.29   $21,359.90   $34,681.70   $33,749.10 

 

1Attached Exhibit 1 lists all disbursements by LPI, Inc. on behalf of LPHI for the month.
2Attached Exhibit 3 list receipts in "8. Other" and disbursements in "28. Other" and "32. Other" above.
11Includes Rental Income for the buildings and for the airport hangar.

 

 

 

 

Monthly Operating Report

CASH BASIS-1A

 

2015

 

CASE NAME: Life Partners Holdings, Inc.
   
CASE NUMBER: 15-40289-rfn-11

 

CASH DISBURSEMENTS DETAIL MONTH:   July

 

CASH DISBURSEMENTS

   DATE  PAYEE  PURPOSE   AMOUNT 
                 
                 
                 
                 
                 
                 
   TOTAL CASH DISBURSEMENTS       $- 

 

BANK ACCOUNT DISBURSEMENTS

CK#  DATE  PAYEE  PURPOSE  AMOUNT 
001001  7/1/2015  Shareholder.com  Web Page Hosting  $3,749.65 
001002  7/8/2015  Allied Insurance  Business Insurance  $1,076.07 
001003  7/8/2015  Bank Direct Capital Finance  Cyber Liability Insurance  $1,104.82 
001004  7/8/2015  Travelers Insurance Network of TX  Insurance on artifacts  $295.10 
bank fee  07/14/15  Bank of Texas  Account Analysis Fees  $231.16 
001005  7/15/2015  Kathleen M. Rehling  Transcription Services  $1,488.30 
bank fee  07/24/15  Bank of Texas  Reverse Analysis Fee  $(12.50)
001006  7/27/2015  U.S. Trustee  U.S. Trustee Fees  $1,950.00 
001007  7/30/2015  American Stock Transfer & Trust Co.  Registrar & Transfer Fees  $1,050.00 
               
               
               
               
               
               
               
               
   TOTAL BANK ACCOUNT DISBURSEMENTS  $10,932.60 
               
               
TOTAL DISBURSEMENTS FOR THE MONTH  $ 10,932.601

 

1 Attached Exhibit 1 lists all disbursements by LPI, Inc. on behalf of LPHI for the month.

 

 

 

 

Monthly Operating Report

CASH BASIS-2

 

CASE NAME: Life Partners Holdings, Inc.
   
CASE NUMBER: 15-40289-rfn-11

 

BANK RECONCILIATIONS                
   Acct #1   Acct #2   Acct #3     
A.   BANK:  Bank of America   Alliance   Bank of Texas     
B.   ACCOUNT NUMBER:  3363   0613   3772     
C.   PURPOSE (TYPE):  DIP Acct   MM   Checking   TOTAL 
1.   BALANCE PER BANK STATEMENT  $-   $-   $36,287.40   $36,287.40 
2.   ADD: TOTAL DEPOSITS NOT CREDITED                 $- 
3.   SUBTRACT: OUTSTANDING CHECKS            $2,538.30   $2,538.30 
4.   OTHER RECONCILING ITEMS                 $- 
5.   MONTH END BALANCE PER BOOKS  $-   $-   $33,749.10   $33,749.10 
6.   NUMBER OF LAST CHECK WRITTEN   1013         1007      

 

INVESTMENT ACCOUNTS

   DATE OF   TYPE OF   PURCHASE   CURRENT 
BANK, ACCOUNT NAME & NUMBER  PURCHASE   INSTRUMENT   PRICE   VALUE 
7.                    
8.                    
9.                    
10.                    
11. TOTAL INVESTMENTS            $-   $- 
                     
CASH                    
                     
12. CURRENCY ON HAND                 $- 
                     
13. TOTAL CASH - END OF MONTH                 $33,749.10 

 

 

 

 

Monthly Operating Report

CASH BASIS-3

 

CASE NAME: Life Partners Holdings, Inc.
   
CASE NUMBER: 15-40289-rfn-11

 

ASSETS OF THE ESTATE

 

SCHEDULE "A"  SCHEDULE   MONTH   MONTH   MONTH 
REAL PROPERTY  AMOUNT   May 31,2015   June 30,2015   July 31,2015 
1.    204 Woodhew Dr. Waco, TX 76712  $1,079,495.09   $1,079,495.09   $1,079,495.09   $1,079,495.09 
2.    8225 Central Park Dr. Waco, TX 76712  $1,109,143.75   $1,109,143.75   $1,109,143.75   $1,109,143.75 
3.                        
4.    OTHER (ATTACH LIST)                    
5.    TOTAL REAL PROPERTY ASSETS  $2,188,638.84   $2,188,638.84   $2,188,638.84   $2,188,638.84 
SCHEDULE "B"                    
PERSONAL PROPERTY                    
1.    CASH ON HAND                    
2.    CHECKING, SAVINGS, ETC.  $51,248.28   $21,359.90   $34,681.70   $33,749.10 
3.    SECURITY DEPOSITS                    
4.    HOUSEHOLD GOODS                    
5.    BOOKS, PICTURES, ART  $166,250.00   $166,250.00   $166,250.00   $166,250.00 
6.    WEARING APPAREL                    
7.    FURS AND JEWELRY                    
8.    FIREARMS & SPORTS EQUIPMENT                    
9.    INSURANCE POLICIES                    
10.   ANNUITIES                    
11.   EDUCATION                    
12.   RETIREMENT & PROFIT SHARING                    
13.   STOCKS    unknown      unknown      unknown      unknown3
14.   PARTNERSHIPS & JOINT VENTURES                    
15.   GOVERNMENT & CORPORATE BONDS                    
16.   ACCOUNTS RECEIVABLE  $76,415.22        $84,665.09   $84,665.09 
17.   ALIMONY                    
18.   OTHER LIQUIDATED DEBTS                    
19.   EQUITABLE INTERESTS                    
20.   CONTINGENT INTERESTS                    
21.   OTHER CLAIMS                    
22.   PATENTS & COPYRIGHTS                    
23.   LICENSES & FRANCHISES                    
24.   CUSTOMER LISTS                    
25.   AUTOS, TRUCKS & OTHER VEHICLES                    
26.   BOATS & MOTORS                    
27.   AIRCRAFT                   
28.   OFFICE EQUIPMENT                    
29.   MACHINERY, FIXTURES & EQUIPMENT                    
30.   INVENTORY                    
31.   ANIMALS                    
32.   CROPS                    
33.   FARMING EQUIPMENT                    
34.   FARM SUPPLIES                    
35.   OTHER (ATTACH LIST)                    
36.   TOTAL PERSONAL PROPERTY ASSETS  $293,913.50   $187,609.90   $285,596.79   $284,664.19 
37.   TOTAL ASSETS  $2,482,552.34   $2,376,248.74   $2,474,235.63   $2,473,303.03 

 

3Item 13. Stocks: Value of LPI not included since financials were historically consolidated for reporting.

 

 

 

 

Monthly Operating Report

CASH BASIS-4

 

CASE NAME: Life Partners Holdings, Inc.
   
CASE NUMBER: 15-40289-rfn-11

 

  MONTH: July

 

LIABILITIES OF THE ESTATE

 

PREPETITION  SCHEDULE             
LIABILITIES  AMOUNT   PAYMENTS         
1.  SECURED  $267,504.86   $205,730.134          
2.  PRIORITY  $3,991,351.00                
3.  UNSECURED  $114,283,484.71                
4.  OTHER (ATTACH LIST)                    
5.  TOTAL PREPETITION LIABILITIES  $118,542,340.57   $205,730.13           

 

POSTPETITION  DATE   AMOUNT   DUE   AMOUNT 
LIABILITIES  INCURRED   OWED   DATE   PAST DUE 
1.   FEDERAL INCOME TAXES                    
2.   FICA/MEDICARE                    
3.   STATE TAXES                    
4.   REAL ESTATE TAXES                    
5.   OTHER TAXES (ATTACH LIST)                    
6.   TOTAL TAXES       $-        $- 
OTHER POSTPETITION LIABILITIES INCLUDING TRADE CREDITORS (LIST NAMES OF CREDITORS) 5
7.   Alexander Dubose Jefferson & Townsend LLP       $21,197.17           
8.   American Express       $212.00           
9.   Law Offices of Douglas M. Berman, PLLC       $22,376.25           
10. Kevin Buchanan & Associates, P.L.L.C.       $140,235.46           
11. Carrington, Coleman, Sloman & Blumenthal, L.L.P.       $541.00           
12. First Advantage Litigation Consulting       $11,535.00           
13. Forshey & Prostok, LLP - IOLTA       $96,795.97           
14. Horwood, Marcus & Berk       $8,827.50           
15. HSPG & Associates, PC       $23,287.02           
16. Hudson & Calleja, LLC       $1,975.00           
17. The Johnson Law Firm       $6,881.90           
18. Kyle Mathis & Lucas LLP       $1,367.97           
19. C. Alfred Mackenzie       $4,792.50           
20. Meadows Collier Attorneys at Law       $16,766.47           
21. Meyer, Unkovic & Scott LLP       $2,691.14           
22. Pronske Goolsby & Kathman, P.C.       $28,617.68           
23. Kathleen M. Rehling       $281.30           
24. Shackelford, Melton & McKinley       $60.00           
25. Shareholder.com       $5,624.48           
26. Smith, Jackson, Boyer & Bovard, PLLC       $19,742.30           
27. Squire Patton Boggs (US) LLP       $4,936.22           
28. West & Associates, L.L.P       $10,165.00           
29. Whitley Penn       $61,354.63           
29. (IF ADDITIONAL ATTACH LIST)                    
30. TOTAL OF LINES 7 - 29       $490,263.96        $- 
31. TOTAL POSTPETITION LIABILITIES       $490,263.96        $- 

 

4Secured Prepetition Liability Payments were paid to AFCO on promissory note for D&O and E&O insurance as follows:
$34,288.35 Payments by Life Partners Holdings, Inc.
$171,441.78 Payments by Life Partners, Inc. on behalf of LPHI.
5See Exhibit 2 for detail of Postpetition Liabilities.

 

 

 

 

Monthly Operating Report

CASH BASIS-4A

 

CASE NAME: Life Partners Holdings, Inc.
   
CASE NUMBER: 15-40289-rfn-11

 

  MONTH: July

ACCOUNTS RECEIVABLE AGING

   SCHEDULE   MONTH   MONTH     
   AMOUNT   June 30,2015   July31,2015   MONTH 
1.   0 - 30  $76,415.22   $84,665.09   $84,665.09      
2.   31 - 60                    
3.   61 - 90                    
4.   91 +                    
5.   TOTAL ACCOUNTS RECEIVABLE  $76,415.22   $84,665.09   $84,665.09   $- 
6.   AMOUNT CONSIDERED UNCOLLECTIBLE                    
7.   ACCOUNTS RECEIVABLE (NET)  $76,415.22   $84,665.09   $84,665.09   $- 

 

AGING OF POSTPETITION TAXES AND PAYABLES

   0 - 30   31-60   90+     
TAXES PAYABLE  DAYS   DAYS   DAYS   Total 
1.   FEDERAL                 $- 
2.   STATE                 $- 
3.   LOCAL  $32,774.93             $32,774.93 
4.   OTHER (ATTACH LIST)                 $- 
5.   TOTAL TAXES PAYABLE  $32,774.93   $-   $-   $32,774.93 
                     
6.   ACCOUNTS PAYABLE  $10,813.40   $32,971.88   $446,478.68   $ 490,263.965

 

STATUS OF POSTPETITION TAXES

   BEGINNING   AMOUNT       ENDING 
   TAX   WITHHELD   AMOUNT   TAX 
FEDERAL  LIABILITY   OR ACCRUED   PAID   LIABILITY 
1.   WITHHOLDING                 $- 
2.   FICA-EMPLOYEE                 $- 
3.   FICA-EMPLOYER                 $- 
4.   UNEMPLOYMENT                 $- 
5.   INCOME                 $- 
6.   OTHER (ATTACH LIST)                 $- 
7.   TOTAL FEDERAL TAXES  $-   $-   $-   $- 
STATE AND LOCAL                 $- 
8.   WITHHOLDING                 $- 
9.   SALES                 $- 
10. EXCISE                 $- 
11. UNEMPLOYMENT                 $- 
12. REAL PROPERTY  $27,627.04   $5,147.89        $32,774.938
13. PERSONAL PROPERTY                 $- 
14. OTHER (ATTACH LIST)                 $- 
15. TOTAL STATE & LOCAL  $27,627.04   $5,147.89   $-   $32,774.93 
16. TOTAL TAXES  $27,627.04   $5,147.89   $-   $32,774.93 

 

5See Exhibit 2 for detail of Postpetition Liabilities
8Accruing for calendar 2015 taxes due at the end of the year.

 

 

 

 

Monthly Operating Report

CASH BASIS-5

 

CASE NAME: Life Partners Holdings, Inc.
   
CASE NUMBER: 15-40289-rfn-11

 

  MONTH: July

 

PAYMENTS TO INSIDERS AND PROFESSIONALS
         
INSIDERS
NAME  TYPE OF PAYMENT   AMOUNT PAID   TTL PD TO DATE 
1.               
2.               
3.               
4.               
5.               
TOTAL PAYMENTS TO INSIDERS       $-   $- 

 

 

PROFESSIONALS 13
   DATE OF COURT ORDER  AMOUNT   AMOUNT   TTL PAID   TOTAL INCURRED 
NAME  AUTHORIZING PAYMENT  APPROVED   PAID   TO DATE   & UNPAID 
1.   Asset Servicing Group                    $574,382.84 
2.   Forshey & Prostok, LLP  04/28/15  $154,409.11        $57,613.14   $ 96,795.976
3.   Kevin Buchanan & Associates  07/01/15  $140,235.46             $140,235.46 
4.   Kim Hinkle, Attorney at Law                    $139,963.00 
5.   MMS Advisors                    $ 147,000.0012
6.   Pronske Goolsby & Kathman, P.C.  05/05/15  $128,617.68        $100,000.00   $ 28,617.686
7.   Thompson & Knight LLP                    $3,637,500.00 
8.   Tom Moran, US Trustee                    $290,900.00 
9.   Munsch, Hardt, Kopf & Harr,P.C.                    $960,953.15 
10. Bridgepoint Consulting                    $122,816.30 
11. Epiq Bankruptcy Solutions          $98,992.39   $123,992.39   $ 941,420.0214
12. Phillips Murrah                    $128,431.00 
TOTAL PAYMENTS TO PROFESSIONALS     $423,262.25   $98,992.39   $281,605.53   $7,209,015.42 

 

POSTPETITION STATUS OF SECURED NOTES, LEASES PAYABLE AND ADEQUATE PROTECTION PAYMENTS

 

   SCHEDULED   AMOUNTS   TOTAL 
   MONTHLY   PAID   UNPAID 
   PAYMENTS   DURING   POST- 
NAME OF CREDITOR  DUE   MONTH   PETITION 
1.   BankDirect Capital Finance  $1,104.82   $1,104.82   $7,590.09 
2.               
3.               
4.               
5.               
6.   TOTAL  $1,104.82   $1,104.82   $7,590.09 

 

6The payments reflected here are retainers paid in prior months by Life Partners, Inc.
12MMS Advisors incurred fees and expenses March 13th - May 18th in the estimated amount of $230,000.00 that are not included here since their retention has not been approved for this period of time.
13Professional fees and expenses estimated and accrued prior to May 19th are reflected only on the books of Life Partners Holdings, Inc.  Thereafter, professional fees and expenses reflect the estimated aggregate, unallocated fees and expenses for all of the Debtors, and are noted on each of the Debtors MORs.
14Current month payments to Epiq Bankruptcy Solutions were made by Life Partners, Inc. Total paid to date to Epiq includes a $25,000 retainer paid 5/5/15 by LPI Financial Services, Inc. that was not previously reported.

 

 

 

 

Monthly Operating Report

CASH BASIS-6

 

2015

 

CASE NAME: Life Partners Holdings, Inc.
   
CASE NUMBER: 15-40289-rfn-11

 

  MONTH: July

 

QUESTIONNAIRE

 

        YES   NO
1.   HAVE ANY ASSETS BEEN SOLD OR TRANSFERRED OUTSIDE THE NORMAL COURSE OF BUSINESS THIS REPORTING PERIOD?       X
2.   HAVE ANY FUNDS BEEN DISBURSED FROM ANY ACCOUNT OTHER THAN A DEBTOR IN POSSESSION ACCOUNT?       X
3.   ARE ANY POSTPETITION RECEIVABLES (ACCOUNTS, NOTES OR LOANS) DUE FROM RELATED PARTIES?       X
4.   HAVE ANY PAYMENTS BEEN MADE ON PREPETITION LIABILITIES THIS REPORTING PERIOD?   X    
5.   HAVE ANY POSTPETITION LOANS BEEN RECEIVED BY THE DEBTOR FROM ANY PARTY?       X
6.   ARE ANY POSTPETITION PAYROLL TAXES PAST DUE?       X
7.   ARE ANY POSTPETITION STATE OR FEDERAL INCOME TAXES PAST DUE?       X
8.   ARE ANY POSTPETITION REAL ESTATE TAXES PAST DUE?       X
9.   ARE ANY OTHER POSTPETITION TAXES PAST DUE?       X
10.   ARE ANY AMOUNTS OWED TO POSTPETITION CREDITORS DELINQUENT?   X    
11.   HAVE ANY PREPETITION TAXES BEEN PAID DURING THE REPORTING PERIOD?       X
12.   ARE ANY WAGE PAYMENTS PAST DUE?       X

 

IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "YES"; PROVIDE A DETAILED EXPLANATION OF EACH ITEM. ATTACH ADDITIONAL SHEETS IF NECESSARY.

 

Questionnaire Item 4. Approval of Motion for relief from automatic stay to pay AFCO for D&O insurance at 2/9/15 Hearing; See Exhibit 1 showing monthly payment made by LPI.

 

Questionnaire Item 10. Past Due amounts are mainly professional fees incurred after the filing date. See Exhibit 2.

 

 

INSURANCE

 

        YES   NO
1.   ARE WORKER'S COMPENSATION, GENERAL LIABILITY AND OTHER NECESSARY INSURANCE COVERAGES IN EFFECT?   X    
2.   ARE ALL PREMIUM PAYMENTS PAID CURRENT?   X    
3.   PLEASE ITEMIZE POLICIES BELOW   X    

 

IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS "NO" OR IF ANY POLICIES HAVE BEEN CANCELED OR NOT RENEWED DURING THIS REPORTING PERIOD, PROVIDE AN EXPLANATION BELOW. ATTACH ADDITIONAL SHEETS IF NECESSARY.

 

 

 

 

INSTALLMENT PAYMENTS

 

TYPE OF     PERIOD  PAYMENT AMOUNT 
POLICY  CARRIER  COVERED  & FREQUENCY 
Directors & Officers  Illinois National  09/01/14 - 08/31/15     
Errors & Omissions  Indian Habor  09/01/14 - 08/31/15     
Total for Financed thru AFCO        $ 34,288.35  /mo. 
Commercial Package*  Allied  06/14/14 - 06/13/15  $1,058.43  /mo.10
Commercial Package*  Allied  06/14/15 - 06/13/16  $ 1,073.07  /mo. 
Commercial Fine Arts  Travelers Lloyds Ins.  06/14/15 - 06/14/16  $ 285.10  /mo. 
Cyber Liability   Beazley Insurance  05/12/15 - 06/12/16  $ 1,104.82  /mo. 

*includes auto, building, edp, excess liability

 

10This obligation has been paid in full.

 

 

 

  

Life Partners Holdings Inc Exhibit 1
Distributions made by Life Partners, Inc.  for LPHI Obligations  
Period Ending 7/31/15  

 

Number  Date Paid  Vendor  Paid by  Amount Paid   Purpose
American Express  6/3/2015  Vintage Filings  LPI credit card  $454.00    File 8-K ***
wire  7/1/2015  AFCO  LPI wire  $34,288.36    Insurance Payment
         Total Paid  $34,742.36    

 

*** These items were applied against LPI's credit balance with American Express. The date shown here is the date the expense was incurred

 

 

 

 

Date:  
Time: User:  
Monday, August 17, 2015 EXHIBIT 2
01:36PM BSTRIPLING  

 

DIP - LPHI

Period Sensitive Aged AP - Detail

Period: 05-16 As of: 7/31/2015

 

Page:

Report:

Company:

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Vendor     Master Doc Vendor/ Disc Due Pay     Days Past
Due 31		      
Ref Nbr Inv Nbr Name DocType/RefNbr Type Doc Stat Date Date Date Current 1 To 30 To 60 61 To 90 Over 90 Balance
Company: 20                        
ALEX00 Alexander Dubose Jefferson & T     A                  
233293 6287 VO A     3/23/2015 3/23/2015 0.00 0.00 0.00 0.00 317.17 317.17
233294 6288 VO A     3/23/2015 3/23/2015 0.00 0.00 0.00 0.00 12,100.00 12,100.00
233295 6288 VO A     3/23/2015 3/23/2015 0.00 0.00 0.00 0.00 7,080.00 7,080.00
234017 6291 VO A     4/22/2015 4/22/2015 0.00 0.00 0.00 0.00 13,140.00 13,140.00
234028 Rev6288 AD A     4/24/2015   0.00 0.00 0.00 0.00 -12,100.00 -12,100.00
234029 Rev6288 AD A     4/24/2015   0.00 0.00 0.00 0.00 -7,080.00 -7,080.00
234030 6291 VO A     4/24/2015 4/24/2015 0.00 0.00 0.00 0.00 7,080.00 7,080.00
234031 6353 VO A     4/24/2015 4/24/2015 0.00 0.00 0.00 0.00 660.00 660.00
          Vendor Total     0.00 0.00 0.00 0.00 21,197.17 21,197.17
AMER01 American Express                        
234831 6-81004xJul15 VO A   7/28/2015 8/12/2015 8/5/2015 212.00 0.00 0.00 0.00 0.00 212.00
          Vendor Total     212.00 0.00 0.00 0.00 0.00 212.00
BERM00 Law Offices of Douglas M. Berm   A                    
232202 LP01-21-2015 VO A     3/1/2015 3/1/2015 0.00 0.00 0.00 0.00 4,712.50 4,712.50
233297 LP-02-2015 VO A     3/23/2015 3/23/2015 0.00 0.00 0.00 0.00 11,293.75 11,293.75
233552 LP-03-2015 VO A     4/8/2015 4/8/2015 0.00 0.00 0.00 0.00 6,370.00 6,370.00
233556 Retnr-LP-01-2 AD A     4/8/2015   0.00 0.00 0.00 0.00 -4,712.50 -4,712.50
233558 RetnrLP-02-20 AD A     4/8/2015   0.00 0.00 0.00 0.00 -656.25 -656.25
234079 RevRetrLP-01 VO A     4/8/2015 4/8/2015 0.00 0.00 0.00 0.00 4,712.50 4,712.50
234080 RetnrLP-02-20 VO A     4/8/2015 4/8/2015 0.00 0.00 0.00 0.00 656.25 656.25
          Vendor Total     0.00 0.00 0.00 0.00 22,376.25 22,376.25
BUCH00 Kevin Buchanan & Associates, P   A                  
232832 1355 VO A     1/31/2015 1/31/2015 0.00 0.00 0.00 0.00 26,947.75 26,947.75
234659 Rev1355 AD A     1/31/2015   0.00 0.00 0.00 0.00 -26,947.75 -26,947.75
234660 1382 VO A     5/11/2015 5/11/2015 0.00 0.00 0.00 31,949.00 0.00 31,949.00
234661 1382 VO A     5/11/2015 5/11/2015 0.00 0.00 0.00 105,546.96 0.00 105,546.96
                                 

 

 

 

 

Date:

Time: User:

Monday, August 17, 2015

01:36PM BSTRIPLING

 

DIP - LPHI

Period Sensitive Aged AP - Detail

Period: 05-16 As of: 7/31/2015

 

Page:

Report:

Company:

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Vendor     Master Doc Vendor/ Disc Due Pay     Days Past
Due 31		      
Ref Nbr Inv Nbr Name DocType/RefNbr Type Doc Stat Date Date Date Current 1 To 30 To 60 61 To 90 Over 90 Balance
234662 1382 VO A     5/11/2015 5/11/2015 0.00 0.00 0.00 7,459.00 0.00 7,459.00
234663 1382-Doc561 AD A     5/11/2015   0.00 0.00 0.00 -4,719.50 0.00 -4,719.50
          Vendor Total     0.00 0.00 0.00 140,235.46 0.00 140,235.46
CARR06 Carrington, Coleman, Sloman &     A                  
232849 317854 VO A     2/13/2015 2/13/2015 0.00 0.00 0.00 0.00 541.00 541.00
          Vendor Total     0.00 0.00 0.00 0.00 541.00 541.00
FIRS08 First Advantage Litigation Con                        
233304 14602 VO A   3/30/2015 3/30/2015 3/30/2015 0.00 0.00 0.00 0.00 11,535.00 11,535.00
          Vendor Total     0.00 0.00 0.00 0.00 11,535.00  11,535.00
FORS00 Forshey & Prostok, LLP - IOLTA     A                  
233290 28681-Jan15 VO A     3/23/2015 3/23/2015 0.00 0.00 0.00 0.00 78,075.53 78,075.53
233291 28681-Feb15 VO A     3/23/2015 3/23/2015 0.00 0.00 0.00 0.00 59,822.90 59,822.90
233292 28681-Mar15 VO A     3/23/2015 3/23/2015 0.00 0.00 0.00 0.00 1,807.50 1,807.50
234629 Doc303-28681 AD A     3/23/2015   0.00 0.00 0.00 0.00 -42,909.96 -42,909.96
          Vendor Total     0.00 0.00 0.00 0.00 96,795.97 96,795.97
HORW00 Horwood, Marcus & Berk     A                  
233305 385452 VO A     3/23/2015 3/23/2015 0.00 0.00 0.00 0.00 105.00 105.00
233935 387204 VO A     4/22/2015 4/22/2015 0.00 0.00 0.00 0.00 3,152.50 3,152.50
234276 389426 VO A     6/2/2015 6/2/2015 0.00 0.00 5,357.50 0.00 0.00 5,357.50
234423 391018 VO A     6/25/2015 6/25/2015 0.00 0.00 212.50 0.00 0.00 212.50
          Vendor Total     0.00 0.00 5,570.00 0.00 3,257.50 8,827.50
HSPG00 HSPG & Associates, PC     A                  
232726 15-007 VO A   2/7/2015 2/7/2015 2/7/2015 0.00 0.00 0.00 0.00 3,786.75 3,786.75
233113 15-024 VO A   3/6/2015 3/6/2015 3/6/2015 0.00 0.00 0.00 0.00 18,699.57 18,699.57
233114 15-007 AD A   2/7/2015 2/7/2015   0.00 0.00 0.00 0.00 -3,786.75 -3,786.75
233869 15-041 VO A   4/3/2015 4/3/2015 4/3/2015 0.00 0.00 0.00 0.00 4,587.45 4,587.45
          Vendor Total     0.00 0.00 0.00 0.00 23,287.02 23,287.02
HUDS00 Hudson & Calleja, LLC                        
233306 5537 VO A     3/23/2015 3/23/2015 0.00 0.00 0.00 0.00 1,685.00 1,685.00

 

 

 

 

Date:

Time: User:

Monday, August 17, 2015

01:36PM BSTRIPLING

 

DIP - LPHI

Period Sensitive Aged AP - Detail

Period: 05-16 As of: 7/31/2015

 

Page:

Report:

Company:

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Vendor     Master Doc Vendor/ Disc Due Pay     Days Past
Due 31		      
Ref Nbr Inv Nbr Name DocType/RefNbr Type Doc Stat Date Date Date Current 1 To 30 To 60 61 To 90 Over 90 Balance
233307 5537 VO A     3/23/2015 3/23/2015 0.00 0.00 0.00 0.00 290.00 290.00
          Vendor Total     0.00 0.00 0.00 0.00 1,975.00 1,975.00
JOHN14 The Johnson Law Firm     A                  
233300 2 VO A     3/4/2015 3/4/2015 0.00 0.00 0.00 0.00 5,995.00 5,995.00
233303 3 VO A     3/23/2015 3/23/2015 0.00 0.00 0.00 0.00 886.90 886.90
          Vendor Total     0.00 0.00 0.00 0.00 6,881.90 6,881.90
KYLE00 Kyle Mathis & Lucas LLP     A                  
233296 14104 VO A     3/23/2015 3/23/2015 0.00 0.00 0.00 0.00 492.66 492.66
233299 14084 VO A     3/4/2015 3/4/2015 0.00 0.00 0.00 0.00 875.31 875.31
          Vendor Total     0.00 0.00 0.00 0.00 1,367.97 1,367.97
MACK00 C. Alfred Mackenzie     A                  
233115 LPHI LegalMa VO A   3/9/2015 3/9/2015 3/9/2015 0.00 0.00 0.00 0.00 3,802.50 3,802.50
233116 LPHI LegalMa VO A   3/9/2015 3/9/2015 3/9/2015 0.00 0.00 0.00 0.00 990.00 990.00
          Vendor Total     0.00 0.00 0.00 0.00 4,792.50 4,792.50
MEAD01 Meadows Collier Attorneys at L     A                  
233120 128856 VO A     3/19/2015 3/19/2015 0.00 0.00 0.00 0.00 10,101.19 10,101.19
233553 129135 VO A     4/8/2015 4/8/2015 0.00 0.00 0.00 0.00 3,245.28 3,245.28
234223 129492 VO A     5/19/2015 5/19/2015 0.00 0.00 0.00 1,995.00 0.00 1,995.00
234654 130671 VO A     7/13/2015 7/13/2015 0.00 741.00 0.00 0.00 0.00 741.00
234848 131169 VO A     8/11/2015 8/11/2015 684.00 0.00 0.00 0.00 0.00 684.00
          Vendor Total     684.00 741.00 0.00 1,995.00 13,346.47 16,766.47
MEYE00 Meyer, Unkovic & Scott LLP     A                  
231927 1223264 VO A   3/7/2015 3/7/2015 3/7/2015 0.00 0.00 0.00 0.00 257.50 257.50
233298 1224475 VO A   4/16/2015 4/16/2015 4/16/2015 0.00 0.00 0.00 0.00 2,433.64 2,433.64
          Vendor Total     0.00 0.00 0.00 0.00 2,691.14 2,691.14
PRON00 Pronske, Goolsby & Kathman, PC     A                  
234645 Statement 201  VO A     7/9/2015 7/9/2015 0.00 108,615.83 0.00 0.00 0.00 108,615.83
234646 Statement 202  VO A     7/9/2015 7/9/2015 0.00 18,001.85 0.00 0.00 0.00 18,001.85

 

 

 

 

Date:

Time: User:

Monday, August 17, 2015

01:36PM BSTRIPLING

 

DIP - LPHI

Period Sensitive Aged AP - Detail

Period: 05-16 As of: 7/31/2015

 

Page:

Report:

Company:

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Vendor     Master Doc Vendor/ Disc Due Pay     Days Past
Due 31		      
Ref Nbr Inv Nbr Name DocType/RefNbr Type Doc Stat Date Date Date Current 1 To 30 To 60 61 To 90 Over 90 Balance
234647 FeeApplicatio VO A     7/9/2015 7/9/2015 0.00 2,000.00 0.00 0.00 0.00 2,000.00
234649 ApplyRetnr AD A     7/10/2015   0.00 -100,000.00 0.00 0.00 0.00 -100,000.00
          Vendor Total     0.00 28,617.68 0.00 0.00 0.00 28,617.68
REHL00 Kathleen M. Rehling     A                  
234847 5865 VO A     8/11/2015 8/11/2015 281.30 0.00 0.00 0.00 0.00 281.30
          Vendor Total     281.30 0.00 0.00 0.00 0.00 281.30
SHAC00 Shackelford, Melton & McKinley     A                  
233118 174733 VO A   4/09/2015 4/09/2015 4/09/2015 0.00 0.00 0.00 0.00 60.00 60.00
          Vendor Total     0.00 0.00 0.00 0.00 60.00 60.00
SHAR03 Shareholder.com     A                  
232029 0115SHAR16 VO A     2/27/2015 2/27/2015 0.00 0.00 0.00 0.00 4,388.33 4,388.33
234077 0115shar1619 AD A     2/27/2015   0.00 0.00 0.00 0.00 -4,388.33 -4,388.33
234496 0415SHAR22 VO A     5/17/2015 5/17/2015 0.00 0.00 0.00 5,624.48 0.00 5,624.48
          Vendor Total     0.00 0.00 0.00 5,624.48 0.00 5,624.48
SMIT04 Smith, Jackson, Boyer & Bovard     A                  
234424 56906 VO A     6/25/2015 6/25/2015 0.00 0.00 6,493.00 0.00 0.00 6,493.00
234655 57203 VO A     7/13/2015 7/13/2015 0.00 3,613.20 0.00 0.00 0.00 3,613.20
234846 57550 VO A     8/11/2015 8/11/2015 9,636.10 0.00 0.00 0.00 0.00 9,636.10
          Vendor Total     9,636.10 3,613.20 6,493.00 0.00 0.00 19,742.30
SQUI01 Squire Patton Boggs (US) LLP     A                  
233301 10426961 VO A     3/23/2015 3/23/2015 0.00 0.00 0.00 0.00 2,912.22 2,912.22
233302 10426961 VO A     3/23/2015 3/23/2015 0.00 0.00 0.00 0.00 2,024.00 2,024.00
          Vendor Total     0.00 0.00 0.00 0.00 4,936.22 4,936.22
WEST12                    West & Associates, L.L.P     A                  
232850 15249 VO A     2/17/2015 2/17/2015 0.00 0.00 0.00 0.00 6,927.50 6,927.50
232851 15249-ApplyR AD A     2/17/2015   0.00 0.00 0.00 0.00 -4,750.77 -4,750.77
233310 15301 VO A     3/24/2015 3/24/2015 0.00 0.00 0.00 0.00 3,237.50 3,237.50
234078 15249RevRet VO A     2/17/2015 2/17/2015 0.00 0.00 0.00 0.00 4,750.77 4,750.77

 

 

 

 

Date:

Time: User:

Monday, August 17, 2015

01:36PM BSTRIPLING

 

DIP - LPHI

Period Sensitive Aged AP - Detail

Period: 05-16 As of: 7/31/2015

 

Page:

Report:

Company:

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Vendor     Master Doc Vendor/ Disc Due Pay     Days Past
Due 31		      
Ref Nbr Inv Nbr Name DocType/RefNbr Type Doc Stat Date Date Date Current 1 To 30 To 60 61 To 90 Over 90 Balance
          Vendor Total     0.00 0.00 0.00 0.00 10,165.00 10,165.00
WHIT03 Whitley Penn                        
232727 226512 VO A   2/9/2015 2/9/2015 2/9/2015 0.00 0.00 0.00 0.00 1,007.00 1,007.00
232728 227700 VO A   2/18/2015 2/18/2015 2/18/2015 0.00 0.00 0.00 0.00 2,442.13 2,442.13
233119 228161 VO A   3/9/2015 3/9/2015 3/9/2015 0.00 0.00 0.00 0.00 50,888.00 50,888.00
233121 228588 VO A   3/16/2015 3/16/2015 3/16/2015 0.00 0.00 0.00 0.00 1,900.00 1,900.00
234059 232198 VO A   4/23/2015 4/23/2015 4/23/2015 0.00 0.00 0.00 0.00 5,100.00 5,100.00
234115 Finance Chg VO A   4/23/2015 4/23/2015 4/23/2015 0.00 0.00 0.00 0.00 17.50 17.50
          Vendor Total 0.00 0.00 0.00 0.00 61,354.63 61,354.63
          Company Total 10,813.40 32,971.88 12,063.00 147,854.94 286,560.74 490,263.96

 

 

 

 

 

Life Partners Holdings, Inc.

 Exhibit 3
List of Other Receipts and Disbursements  

 

   Apr 30,2015   May 31,2015   June 30,2015   July 31,2015 
   Amount   Amount   Amount   Amount 
Receipts from:                    
Interest Earned                    
Funds transferred from LPI Acct in error**       $61,398.28           
                     
Total Other Receipts  $-   $61,398.28   $-   $- 
                     
Disbursements In Payment of:                    
Outside Services  $17,267.05                
Temporary Security Services  $5,378.67                
Business Wire Fees  $3,950.00                
Registrar & Transfer Fees            $5,300.00   $1,050.00 
Filing Fees  $738.00   $161.00           
Web Page Hosting                 $3,749.65 
Logo/Trademark Renewal  $400.00                
Title Letters for buildings  $324.76                
Domain Renewal  $123.95                
Bank Acct Analysis Fee  $29.22   $27.96   $274.56   $218.66 
Other Bank Charges            $6.00      
Return Funds to LPI wired in error**       $61,398.28           
Total Other Disbursements  $28,211.65   $61,587.24   $5,580.56   $5,018.31 
                     
Disbursements for Reorganization Expenses:                    
Transcription Services                 $1,488.30 
Total Other Reorganization Expenses  $-   $-   $-   $1,488.30 

 

** These are related transactions. Funds being transferred from LPI's Bank of America account 0952 to their Bank of Texas account were incorrectly wired to LPHI's account.

 

 

 

LIFE PARTNERS HOLDINGS INC Reports