LIFE PARTNERS HOLDINGS INC - FORM 8-K - EX-99.11 - EXHIBIT 99.11

Attached files

file	filename
8-K - FORM 8-K - LIFE PARTNERS HOLDINGS INC	v427341_8k.htm
EX-99.4 - EXHIBIT 99.4 - LIFE PARTNERS HOLDINGS INC	v427341_ex99-4.htm
EX-99.6 - EXHIBIT 99.6 - LIFE PARTNERS HOLDINGS INC	v427341_ex99-6.htm
EX-99.7 - EXHIBIT 99.7 - LIFE PARTNERS HOLDINGS INC	v427341_ex99-7.htm
EX-99.9 - EXHIBIT 99.9 - LIFE PARTNERS HOLDINGS INC	v427341_ex99-9.htm
EX-99.8 - EXHIBIT 99.8 - LIFE PARTNERS HOLDINGS INC	v427341_ex99-8.htm
EX-99.3 - EXHIBIT 99.3 - LIFE PARTNERS HOLDINGS INC	v427341_ex99-3.htm
EX-99.1 - EXHIBIT 99.1 - LIFE PARTNERS HOLDINGS INC	v427341_ex99-1.htm
EX-99.2 - EXHIBIT 99.2 - LIFE PARTNERS HOLDINGS INC	v427341_ex99-2.htm
EX-99.5 - EXHIBIT 99.5 - LIFE PARTNERS HOLDINGS INC	v427341_ex99-5.htm
EX-99.10 - EXHIBIT 99.10 - LIFE PARTNERS HOLDINGS INC	v427341_ex99-10.htm
EX-99.19 - EXHIBIT 99.19 - LIFE PARTNERS HOLDINGS INC	v427341_ex99-19.htm
EX-99.15 - EXHIBIT 99.15 - LIFE PARTNERS HOLDINGS INC	v427341_ex99-15.htm
EX-99.17 - EXHIBIT 99.17 - LIFE PARTNERS HOLDINGS INC	v427341_ex99-17.htm
EX-99.14 - EXHIBIT 99.14 - LIFE PARTNERS HOLDINGS INC	v427341_ex99-14.htm
EX-99.18 - EXHIBIT 99.18 - LIFE PARTNERS HOLDINGS INC	v427341_ex99-18.htm
EX-99.13 - EXHIBIT 99.13 - LIFE PARTNERS HOLDINGS INC	v427341_ex99-13.htm
EX-99.16 - EXHIBIT 99.16 - LIFE PARTNERS HOLDINGS INC	v427341_ex99-16.htm
EX-99.12 - EXHIBIT 99.12 - LIFE PARTNERS HOLDINGS INC	v427341_ex99-12.htm

Exhibit 99.11

Monthly Operating Report

CASH BASIS

CASE NAME:	Life Partners, Inc.

CASE NUMBER:	15-41995

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:

/s/ H. Thomas Moran II		Trustee
ORIGINAL SIGNATURE OF RESPONSIBLE PARTY		TITLE

H. Thomas Moran II		8/20/2015
PRINTED NAME OF RESPONSIBLE PARTY		DATE

PREPARER:

/s/ Colette Pieper		CEO
ORIGINAL SIGNATURE OF PREPARER		TITLE

Colette Pieper		8/20/2015
PRINTED NAME OF PREPARER		DATE

Monthly Operating Report

CASH BASIS-1

CASE NAME:	Life Partners, Inc.

CASE NUMBER:	15-41995

CASH RECEIPTS AND	May 19, 2015 to			MONTH
DISBURSEMENTS	June 30, 2015			July 31,2015			MONTH	MONTH
1. CASH - BEGINNING OF MONTH	$	397,375.68		$	265,232.11
RECEIPTS
2. CASH SALES
3. ACCOUNTS RECEIVABLE COLLECTIONS	$	2,868.22		$	36.94
4. LOANS AND ADVANCES
5. SALE OF ASSETS
6. LEASE & RENTAL INCOME
7. WAGES
8. OTHER (ATTACH LIST)	$	655,093.16		$	815,867.91				⁹
9. TOTAL RECEIPTS	$	657,961.38		$	815,904.85
DISBURSEMENTS
10. NET PAYROLL	$	704.01		$	170,683.08
11. PAYROLL TAXES PAID	$	35,120.80		$	59,905.30
12. SALES,USE & OTHER TAXES PAID	$	2,300.00
13. INVENTORY PURCHASES
14. MORTAGE PAYMENTS
15. OTHER SECURED NOTE PAYMENTS
16. RENTAL & LEASE PAYMENTS	$	14,623.13		$	18,361.85
17. UTILITIES	$	13,980.31		$	26,063.37
18. INSURANCE	$	86,545.94		$	67,418.18				¹
19. VEHICLE EXPENSES
20. TRAVEL	$	1,795.53		$	1,657.87
21. ENTERTAINMENT
22. REPAIRS & MAINTENANCE	$	6,746.38		$	2,899.74
23. SUPPLIES	$	829.51		$	1,565.05
24. ADVERTISING
25. HOUSEHOLD EXPENSES
26. CHARITABLE CONTRIBUTIONS
27. GIFTS
28. OTHER (ATTACH LIST)	$	627,459.34		$	481,647.18				⁹
29. TOTAL ORDINARY DISBURSEMENTS	$	790,104.95		$	830,201.62
REORGANIZATION EXPENSES
30. PROFESSIONAL FEES				$	98,992.39
31. U.S. TRUSTEE FEES				$	325.00
32. OTHER (ATTACH LIST)
33. TOTAL REORGANIZATION EXPENSES	$	-		$	99,317.39
34. TOTAL DISBURSEMENTS	$	790,104.95		$	929,519.01
35. NET CASH FLOW	$	(132,143.57	)	$	(113,614.16	)
36. CASH - END OF MONTH	$	265,232.11		$	151,617.95

See Exhibit 1 for disbursements by LPI, Inc. on behalf of LPHI

⁹

See Exhibit 5 for attached list of Item 8. Other receipts and Item 28. Other disbursements.

Monthly Operating Report

CASH BASIS-1A

2015

CASE NAME:	Life Partners, Inc.

CASE NUMBER:	15-41995

CASH DISBURSEMENTS DETAIL

MONTH:

July

CASH DISBURSEMENTS

DATE

PAYEE

PURPOSE

AMOUNT

TOTAL CASH DISBURSEMENTS

BANK ACCOUNT DISBURSEMENTS

CK#	DATE	PAYEE	PURPOSE	AMOUNT
		SEE EXHIBIT 1		$	929,519.01















	TOTAL BANK ACCOUNT DISBURSEMENTS			$	929,519.01


TOTAL DISBURSEMENTS FOR THE MONTH				$	929,519.01

Monthly Operating Report

CASH BASIS-2

CASE NAME:	Life Partners, Inc.

CASE NUMBER:	15-41995

BANK RECONCILIATIONS
	Acct #1		Acct #2
A. BANK:	Bank of Texas		Bank of Texas
B. ACCOUNT NUMBER:	4080		4091
C. PURPOSE (TYPE):	Checking		Checking		Acct #3		TOTAL
1. BALANCE PER BANK STATEMENT	$	87,567.35	$	309.24			$	87,876.59
2. ADD: TOTAL DEPOSITS NOT CREDITED							$	-
3. SUBTRACT: OUTSTANDING CHECKS	$	38,842.29					$	38,842.29
4. OTHER RECONCILING ITEMS							$	-
5. MONTH END BALANCE PER BOOKS	$	48,725.06	$	309.24	$	-	$	49,034.30
6. NUMBER OF LAST CHECK WRITTEN		1152		1010

INVESTMENT ACCOUNTS
	DATE OF	TYPE OF	CURRENT
BANK, ACCOUNT NAME & NUMBER	PURCHASE	INSTRUMENT	VALUE
7. TD Bank, Life Partners, Inc. Acct 70-T202-01-2	unknown	MoneyMarket	$	101,583.65
8.
9.
10.
11. TOTAL INVESTMENTS			$	101,583.65


CASH

12. CURRENCY ON HAND			$	1,000.00

13. TOTAL CASH - END OF MONTH			$	151,617.95

Monthly Operating Report

CASH BASIS-3

CASE NAME:	Life Partners, Inc.

CASE NUMBER:	15-41995

ASSETS OF THE ESTATE

SCHEDULE "A"	SCHEDULE		MONTH		MONTH
REAL PROPERTY	AMOUNT		June 30,2015		July 31,2015		MONTH
1. NONE
2.
3.
4. OTHER (ATTACH LIST)
5. TOTAL REAL PROPERTY ASSETS	$	-	$	-	$	-	$	-
SCHEDULE "B"
PERSONAL PROPERTY
1. CASH ON HAND	$	1,000.00	$	1,000.00	$	1,000.00
2. CHECKING, SAVINGS, ETC.	$	396,375.68	$	264,232.11	$	150,617.95
3. SECURITY DEPOSITS	$	200,000.00	$	854.77	$	10,212.32
4. HOUSEHOLD GOODS
5. BOOKS, PICTURES, ART	$	662,950.00	$	662,950.00	$	662,950.00
6. WEARING APPAREL
7. FURS AND JEWELRY
8. FIREARMS & SPORTS EQUIPMENT
9. INSURANCE POLICIES		unknown		unknown		unknown
10. ANNUITIES
11. EDUCATION
12. RETIREMENT & PROFIT SHARING
13. STOCKS		unknown		unknown		unknown			²
14. PARTNERSHIPS & JOINT VENTURES	$	-	$	-
15. GOVERNMENT & CORPORATE BONDS
16. ACCOUNTS RECEIVABLE	$	74,313,955.94	$	74,348,480.30	$	74,383,222.66
17. ALIMONY
18. OTHER LIQUIDATED DEBTS	$	13,667,960.11	$	13,797,605.80	$	14,130,402.29
19. EQUITABLE INTERESTS
20. CONTINGENT INTERESTS
21. OTHER CLAIMS		unknown		unknown		unknown
22. PATENTS & COPYRIGHTS		unknown		unknown		unknown
23. LICENSES & FRANCHISES		unknown		unknown		unknown
24. CUSTOMER LISTS		unknown		unknown		unknown
25. AUTOS, TRUCKS & OTHER VEHICLES	$	4,131.00	$	4,131.00	$	4,131.00
26. BOATS & MOTORS
27. AIRCRAFT	$	183,244.61	$	183,244.61	$	180,150.74
28. OFFICE EQUIPMENT		unknown		unknown		unknown
29. MACHINERY, FIXTURES & EQUIPMENT	$	112,295.93	$	112,295.93	$	90,070.39
30. INVENTORY
31. ANIMALS
32. CROPS
33. FARMING EQUIPMENT
34. FARM SUPPLIES
35. OTHER (ATTACH LIST)	$	143,386.74	$	131,827.25	$	112,945.22			³
36. TOTAL PERSONAL PROPERTY ASSETS	$	89,685,300.01	$	89,506,621.77	$	89,725,702.57	$	-
37. TOTAL ASSETS	$	89,685,300.01	$	89,506,621.77	$	89,725,702.57	$	-

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

Item 35. Other: See Exhibit 2 for list.

Monthly Operating Report

CASH BASIS-4

CASE NAME:	Life Partners, Inc.

CASE NUMBER:	15-41995

MONTH:

July

LIABILITIES OF THE ESTATE

PREPETITION	SCHEDULE
LIABILITIES	AMOUNT		PAYMENTS
1. SECURED		unknown
2. PRIORITY		unknown
3. UNSECURED	$	9,203,449.82	$	7,922.44	^{6 & 7}
4. OTHER (ATTACH LIST)
5. TOTAL PREPETITION LIABILITIES	$	9,203,449.82	$	7,922.44

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)							⁴
7. Allison Enterprises, Inc.		$	181.05
8. Ambold's		$	72.52
9. American Express		$	4,435.17
10. Atmos Energy		$	46.84
11. AT&T		$	2,033.14
12. AT&T		$	107.97
13. AT&T Mobility		$	697.06
14. Kristen Bickham		$	254.25
15. Bridgepoint Consulting		$	70,391.90
16. Colette Pieper		$	231.51
17. Dell Marketing LP		$	3,067.75
18. EPIQ Bankruptcy Solutions		$	384,316.57
19. Insight Direct USA		$	946.11
20. Johnnies Office Systems, Inc.		$	83.28
21. Lexis Nexis		$	15.99
22. City of McGregor		$	60.14
23. Pitney Bowes Inc.		$	491.52
24. Professional Building Maintenance Service		$	1,623.75
25. Puerta Grande Investment Management		$	4,500.00
26. Rabroker		$	280.37
27. TALX Corporation		$	767.52
28. Texas Mutual Insurance Company		$	585.00
29. Thomson Reuters		$	906.10
29. Frontline eSolutions, LLC		$	18.95
29. Thomson Reuters		$	1,791.21
29. (IF ADDITIONAL ATTACH LIST)
30. TOTAL OF LINES 7 - 29		$	477,905.67		$	-
31. TOTAL POSTPETITION LIABILITIES		$	477,905.67		$	-

⁴

See Exhibit 3 for detail of Postpetition Liabilities

⁶

Does not include checks written pre-petition that cleared the bank post-petition (See Exhibit 1 for detail) because these these amounts were not included in Schedule F.

⁷

Payment of pre-petition utilities authorized by court Dkt. No. 483 (See Exhibit 1 for detail) & payment of employee insurance (Dkt. No. 501)

Monthly Operating Report

CASH BASIS-4A

CASE NAME:	Life Partners, Inc.

CASE NUMBER:	15-41995

MONTH:

July

ACCOUNTS RECEIVABLE AGING

	SCHEDULE		MONTH		MONTH
	AMOUNT		June 30,2015		July 31,2015		MONTH
1. 0 - 30	$	139,889.99	$	155,881.10	$	332,513.91
2. 31 - 60	$	279,914.48	$	44,626.95	$	160,125.77
3. 61 - 90	$	77,761.72	$	127,549.60	$	44,626.95
4. 91 +	$	12,721,786.70	$	13,021,052.05	$	13,145,170.51
5. TOTAL ACCOUNTS RECEIVABLE	$	13,219,352.89	$	13,349,109.70	$	13,682,437.14	$	-
6. AMOUNT CONSIDERED UNCOLLECTIBLE	$	5,163,789.81	$	5,163,789.81	$	5,476,845.49
7. ACCOUNTS RECEIVABLE (NET)	$	8,055,563.08	$	8,185,319.89	$	8,205,591.65	$	-

Note: Uncollectible amounts reflect an accounting reserve, however, may remain collectible.

AGING OF POSTPETITION TAXES AND PAYABLES	0 - 30		31-60		90+
TAXES PAYABLE	DAYS		DAYS		DAYS		Total
1. FEDERAL							$	-
2. STATE							$	-
3. LOCAL	$	4,476.53					$	4,476.53
4. OTHER (ATTACH LIST)							$	-
5. TOTAL TAXES PAYABLE	$	4,476.53	$	-	$	-	$	4,476.53

6. ACCOUNTS PAYABLE	$	91,351.63	$	385,606.30	$	947.74	$	477,905.67

STATUS OF POSTPETITION TAXES
	BEGINNING		AMOUNT				ENDING
	TAX		WITHHELD		AMOUNT		TAX
FEDERAL	LIABILITY		OR ACCRUED		PAID		LIABILITY
1. WITHHOLDING			$	25,421.74	$	25,421.74	$	-
2. FICA-EMPLOYEE			$	17,098.98	$	17,098.98	$	-
3. FICA-EMPLOYER			$	17,098.98	$	17,098.98	$	-
4. UNEMPLOYMENT			$	18.26	$	18.26	$	-
5. INCOME							$	-
6. OTHER (ATTACH LIST)							$	-
7. TOTAL FEDERAL TAXES	$	-	$	59,637.96	$	59,637.96	$	-
STATE AND LOCAL							$	-
8. WITHHOLDING							$	-
9. SALES							$	-
10. EXCISE							$	-
11. UNEMPLOYMENT			$	267.34	$	267.34	$	-
12. REAL PROPERTY							$	-
13. PERSONAL PROPERTY	$	2,626.23	$	1,850.30			$	4,476.53	⁹
14. OTHER (ATTACH LIST)							$	-	⁸
15. TOTAL STATE & LOCAL	$	2,626.23	$	2,117.64	$	267.34	$	4,476.53
16. TOTAL TAXES	$	2,626.23	$	61,755.60	$	59,905.30	$	4,476.53

⁸

See Exhibit 4 attached.

⁹

Accruing for calendar year 2015 property taxes due 1/31/2016.

Monthly Operating Report

CASH BASIS-5

CASE NAME:	Life Partners, Inc.

CASE NUMBER:	15-41995

MONTH:

July

PAYMENTS TO INSIDERS AND PROFESSIONALS

INSIDERS
NAME	TYPE OF PAYMENT	AMOUNT PAID		TTL PD TO DATE
1. Mark Embry	Salaries/Expense Reimbursement	$	20,456.14	$	20,583.17
2. Advance Trust & Life Es	Premium Remittance/Cost Reimb	$	28,836.77	$	69,566.17	⁵
3. Life Partners Holdings, Inc.	Rent & Return deposit in error	$	10,000.00	$	81,398.28	⁵
4. LPI Financial Services, Inc.	Forward Platform Fees	$	-	$	1,938.00
5. Purchase Escrow Services, LLC	Premium Remittance/Cost Reimb	$	400,265.60	$	894,692.98	⁵
6. Colette Pieper	Salaries/Expense Reimbursement	$	20,942.31	$	20,942.31
7. Debora J. Carr	Salaries/Expense Reimbursement	$	5,625.00	$	5,625.00
TOTAL PAYMENTS TO INSIDERS		$	486,125.82	$	1,094,745.91

PROFESSIONALS										¹¹
	DATE OF COURT ORDER	AMOUNT		AMOUNT		TTL PAID		TOTAL INCURRED
NAME	AUTHORIZING PAYMENT	APPROVED		PAID		TO DATE		& UNPAID
1. Asset Servicing Group								$	271,656.00	¹¹
2. Bridgepoint Consulting								$	122,816.30	¹¹
3. Epiq Bankruptcy Solutions				$	98,992.39	$	123,992.39	$	941,402.02	^{11 & 13}
4. Kim Hinkle, Attorney at Law								$	79,363.00	¹¹
5. MMS Advisors								$	147,000.00	^{11 & 12}
6. Munsch, Hardt, Kopf & Harr,P.C.								$	350,000.00	¹¹
7. Thompson & Knight LLP								$	1,887,500.00	¹¹
8. Tom Moran, US Trustee								$	171,900.00	¹¹
9. Phillips Murrah								$	128,431.00	¹¹
TOTAL PAYMENTS TO PROFESSIONALS		$	-	$	98,992.39	$	123,992.39	$	4,100,068.32

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. Pitney Bowes Global Financial Services, LLC	$	5,423.33	$	5,423.33	$	-	¹⁰
2. Pitney Bowes Global Financial Services, LLC	$	906.06	$	-	$	-	¹⁰
3. Johnnies Office Systems, Inc.	$	1,054.61	$	-	$	1,054.61
4. Great America Financial Services	$	2,938.52	$	2,938.52	$	-
5. Life Partners Holdings, Inc.	$	10,000.00	$	10,000.00	$	-
6. Nick Courcoumelis	$	630.00	$	-	$	630.00
5.
6. TOTAL	$	20,952.52	$	18,361.85	$	1,684.61

⁵

See Exhibit 1 for current month payment details.

¹⁰

These lease payments are quarterly, not monthly.

¹¹

Professional fees and expenses estimated and accrued prior to May 19^th 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.

¹²

MMS 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.

¹³

Total paid to Epiq Bankruptcy Solutions includes a $25,000 retainer paid prepetition on 5/5/15 by LPI Financial Services, Inc.

Monthly Operating Report

CASH BASIS-6

2015

CASE NAME:	Life Partners, Inc.

CASE NUMBER:	15-41995

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 authorizing payments of pre-petition amounts owed for employee wages & benefits (Dkt No. 501).

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
Workers' Compensation	Service Lloyds Ins Co	06/14/15 - 06/14/16	$	316.00 /month

Life Partners, Inc. Case No. 15-41995	EXHIBIT 1

BANK ACCOUNT DISBURSEMENTS
CK#	DATE	PAYEE	PURPOSE	AMOUNT
001009	07/01/15	Millennium Trust Company, LLC	Flow Thru Premiums	$	4,172.03
001010	07/01/15	Provident Trust Group	Flow Thru Premiums	$	13,845.45
001052	07/01/15	Purchase Escrow Services, LLC	Premiums Advanced	$	55,742.82	⁵
001053	07/01/15	AVS Underwriting, LLC	LE Medical Review	$	350.00
001054	07/01/15	City of Waco Water Office	Utilities	$	854.77
001055	07/01/15	Mark Embry	Travel	$	263.83	⁵
001056	07/01/15	EPIQ Systems Acquisition, Inc.	Professional Fees	$	6,826.77
001057	07/01/15	Ozarka	Supplies	$	316.97
001060	07/01/15	Purchase Escrow Services, LLC	Premiums on positions we own	$	5,147.70	⁵
001061	07/01/15	TALX Corporation	Subscriptions	$	408.59
Wire	07/01/15	AFCO	Insurance	$	34,288.36	¹
ACH 070215	07/02/15	MyPay Solutions-Net Pay	Net Payroll	$	57,252.31
ACH 070215	07/02/15	MyPay Solutions-Tax Impund	Payroll Taxes Paid	$	20,008.31
ACH 070215	07/02/15	MyPay Solutions-TX CS Impound	Payroll Garnishment	$	151.86
ACH 070215	07/02/15	MyPay Solutions	Outside Services	$	94.61
ACH 070215	07/02/15	Voya National Trust182	Payroll-401K Deductions	$	4,600.84
Bank Fees	07/03/15	Bank of Texas	Overdraft Fee	$	32.75
Bank Fees	07/03/15	Bank of Texas	Overdraft Fee	$	32.75
Bank Fees	07/03/15	Bank of Texas	Overdraft Fee	$	32.75
Bank Fees	07/06/15	Bank of Texas	Refund Overdraft Fee	$	(32.75	)
Bank Fees	07/06/15	Bank of Texas	Refund Overdraft Fee	$	(32.75	)
Bank Fees	07/06/15	Bank of Texas	Refund Overdraft Fee	$	(32.75	)
001062	07/08/15	Paytime Network, LLC	Outside Services	$	163.75
001063	07/08/15	Allison Enterprises, Inc.	Repairs & Maintenance	$	38.97
001064	07/08/15	American Express	Subscriptions	$	4,649.94
001065	07/08/15	Atmos Energy	Utilities	$	47.79
001066	07/08/15	AT & T Long Distance	Utilities	$	1,789.71
001067	07/08/15	AT&T	Utilities	$	2,097.52
001068	07/08/15	AT&T Mobility	Utilities	$	605.25
001069	07/08/15	Kristen Bickham	Travel	$	334.97
001070	07/08/15	Blue Cross Blue Shield of Texas	Insurance	$	1,041.29	⁷
001071	07/08/15	CASH	Petty Cash Reimbursement	$	314.30
001072	07/08/15	FED EX	Courier Services	$	1,319.50
001073	07/08/15	City of McGregor	Utilities	$	85.14
001074	07/08/15	Pitney Bowes Global Financial Services LLC	Rental & Lease Payments	$	5,423.33
001081	07/08/15	Purchase Escrow Services, LLC	Premiums on positions we own	$	10,770.41	⁵
001082	07/08/15	Time Warner Cable	Utilities	$	69.52
001083	07/08/15	Frontline eSolutions, LLC	Subscriptions	$	18.95
001084	07/09/15	Purchase Escrow Services, LLC	Premiums Advanced	$	25,559.33	⁵
001085	07/09/15	Purchase Escrow Services, LLC	PES Operating Exp	$	11,069.93	⁵
001086	07/09/15	Atmos Energy	Utilities	$	128.29
001087	07/09/15	AT & T Long Distance	Utilities	$	1,616.72
001088	07/09/15	AT&T	Utilities	$	2,239.18
001089	07/09/15	AT&T Mobility	Utilities	$	1,449.14
001090	07/09/15	AT & T Long Distance	Utilities	$	124.15
001091	07/09/15	EPIQ Systems Acquisition, Inc.	Professional Fees	$	92,165.62
001092	07/09/15	City of McGregor	Utilities	$	154.43
001093	07/09/15	Reliant Energy	Utilities	$	10.07
001094	07/09/15	Reliant Energy	Utilities	$	1,333.34
001095	07/09/15	Reliant Energy	Utilities	$	2,202.40
001096	07/09/15	Reliant Energy	Utilities	$	70.25
001097	07/09/15	Reliant Energy	Utilities	$	29.58
001098	07/09/15	Time Warner Cable	Utilities	$	1,455.10
Wire	07/09/15	Life Partners Holdings, Inc.	Rental & Lease Payments	$	10,000.00	⁵
001099	07/14/15	Purchase Escrow Services, LLC	Premiums Advanced	$	138,323.79	⁵
Bank Fees	07/14/15	Bank of Texas	Account Analysis Fees	$	222.27
Bank Fees	07/14/15	Bank of Texas	Account Analysis Fees	$	357.91
001100	07/15/15	Provident Life & Accident Ins	BK Premiums	$	533.19
001101	07/15/15	Anthem Life Ins Company	BK Premiums	$	110.00

Life Partners, Inc. Case No. 15-41995

EXHIBIT 1

BANK ACCOUNT DISBURSEMENTS
CK#	DATE	PAYEE	PURPOSE	AMOUNT
001102	07/15/15	Prudential	BK Premiums	$	297.50
001103	07/15/15	Purchase Escrow Services, LLC	Premiums Advanced	$	575.19	5
001104	07/15/15	Kristen Bickham	Travel	$	361.22
001105	07/15/15	FED EX	Courier Services	$	3,265.56
001106	07/15/15	Leonard Graham	Repairs & Maintenance	$	1,082.50
001107	07/15/15	GreatAmerica Financial Svcs.	Rental & Lease Payments	$	2,938.52
001108	07/15/15	LexisNexis	Subscriptions	$	31.98
001109	07/15/15	Secretary of State of Texas	Licenses & Fees	$	31.00
001110	07/15/15	Time Warner Cable	Utilities	$	1,451.28
001111	07/15/15	Vi3 Technologies, Inc.	Outside Services	$	1,280.14
001112	07/16/15	Purchase Escrow Services, LLC	Premiums Advanced	$	537.47	⁵
ACH 071615	07/16/15	MyPay Solutions-Net Pay	Net Payroll	$	56,852.71
ACH 071615	07/16/15	MyPay Solutions-Tax Impund	Payroll Taxes Paid	$	20,061.11
ACH 071615	07/16/15	MyPay Solutions-TX CS Impound	Payroll Garnishment	$	151.86
ACH 071615	07/16/15	MyPay Solutions	Outside Services	$	96.10
ACH 071615	07/16/15	Voya National Trust182	Payroll-401K Deductions	$	4,600.37
001113	07/21/15	Jamie Berry	Outside Services	$	600.00
001114	07/21/15	Purchase Escrow Services, LLC	Premiums Advanced	$	103,666.65	⁵
001115	07/21/15	Reliant Energy	Utilities	$	10.06
001116	07/21/15	Reliant Energy	Utilities	$	1,648.06
001117	07/21/15	Reliant Energy	Utilities	$	29.17
001118	07/21/15	Reliant Energy	Utilities	$	81.90
001119	07/21/15	Reliant Energy	Utilities	$	2,485.53
001120	07/21/15	Sam's Club/GEMB	Supplies	$	320.00
001121	07/22/15	Purchase Escrow Services, LLC	Premiums Advanced	$	548.10	⁵
001122	07/23/15	Purchase Escrow Services, LLC	Premiums Advanced	$	12,633.38	⁵
Bank Fees	07/23/15	Bank of Texas	Overdraft Fee	$	32.75
Bank Fees	07/23/15	Bank of Texas	Overdraft Fee	$	32.75
Bank Fees	07/23/15	Bank of Texas	Overdraft Fee	$	32.75
Bank Fees	07/23/15	Bank of Texas	Overdraft Fee	$	32.75
001123	07/24/15	Commonwealth Annuity & Life Ins. Co.	Premiums Advanced	$	4,844.76
Bank Fees	07/24/15	Bank of Texas	Refund Overdraft Fee	$	(32.75	)
Bank Fees	07/24/15	Bank of Texas	Refund Overdraft Fee	$	(32.75	)
Bank Fees	07/24/15	Bank of Texas	Refund Overdraft Fee	$	(32.75	)
Bank Fees	07/24/15	Bank of Texas	Refund Overdraft Fee	$	(32.75	)
Bank Fees	07/24/15	Bank of Texas	Refund Account Analysis Fee	$	(12.50	)
Bank Fees	07/24/15	Bank of Texas	Refund Account Analysis Fee	$	(12.50	)
001124	07/27/15	Purchase Escrow Services, LLC	Premiums Advanced	$	7,955.83	⁵
001125	07/27/15	Advance Trust & Life Escrow Services, LTA	Premiums on positions we own	$	528.65	⁵
001126	07/27/15	Advance Trust & Life Escrow Services, LTA	Trust Fees	$	13,720.87	⁵
001127	07/27/15	Advance Trust & Life Escrow Services, LTA	Trust Fees	$	14,587.25	⁵
001128	07/27/15	AT & T Long Distance	Utilities	$	139.34
001129	07/27/15	Ken Baker Services	Repairs & Maintenance	$	82.00
001130	07/27/15	Kristen Bickham	Travel	$	338.19
001131	07/27/15	Blue Cross Blue Shield of Texas	Insurance	$	25,992.10
001132	07/27/15	Blue Cross Blue Shield of Texas	Insurance	$	4,165.16
001133	07/27/15	City of Waco Water Office	Utilities	$	678.60
001134	07/27/15	Life Account, LLC	Outside Services	$	270.00
001135	07/27/15	FED EX	Courier Services	$	465.50
001136	07/27/15	Lincoln National Life Ins. Co.	Insurance	$	1,306.13
001137	07/27/15	Professional Building Maintenance Service	Repairs & Maintenance	$	1,623.75
001139	07/27/15	Purchase Escrow Services, LLC	Premiums on positions we own	$	4,454.04	⁵
001140	07/27/15	Service Lloyds Insurance Company	insurance	$	316.00
001141	07/27/15	SolarWinds	Supplies	$	613.78
001142	07/27/15	U.S. Trustee	US Trustee Fees	$	325.00
001143	07/27/15	Vision Service Plan	Insurance	$	309.14
001144	07/30/15	Purchase Escrow Services, LLC	Premiums Advanced	$	116.12	⁵
001145	07/30/15	Purchase Escrow Services, LLC	PES Operating Exp	$	23,164.84	⁵
001146	07/30/15	Ambold's	Repairs & Maintenance	$	72.52
001147	07/30/15	AT&T	Utilities	$	297.03
001148	07/30/15	AT&T	Utilities	$	2,863.26
001149	07/30/15	AT&T	Utilities	$	16.79
001150	07/30/15	AVS Underwriting, LLC	LE Medical Review	$	350.00
001151	07/30/15	Kristen Bickham	Travel	$	359.66
001152	07/30/15	FED EX	Courier Services	$	435.87
ACH 073015	07/30/15	MyPay Solutions-Net Pay	Net Payroll	$	56,578.06
ACH 073015	07/30/15	MyPay Solutions-Tax Impund	Payroll Taxes Paid	$	19,835.88
ACH 073015	07/30/15	MyPay Solutions-TX CS Impound	Payroll Garnishment	$	151.86
ACH 073015	07/30/15	MyPay Solutions	Outside Services	$	103.78
ACH 073015	07/30/15	Voya National Trust182	Payroll-401K Deductions	$	4,594.64


		TOTAL BANK ACCOUNT DISBURSEMENTS		$	929,519.01

Disbursement by LPI, Inc. on behalf of LPHI.

⁵

Incuded on CASH BASIS-5 as an insider payment.

⁷

These checks include payment of amounts that are pre-petition.

Life Partners, Inc. Case No. 15-41995	EXHIBIT 2
Other Personal Property

	SCHEDULE		MONTH		MONTH
DESCRIPTION	AMOUNT		June 30,2015		July 31,2015
PREPAID INSURANCE - THE NITSCHE GROUP INC.	$	39,853.51	$	38,835.10	$	37,911.22
RETAINER - AGUIRRE LAW	$	26,925.36	$	26,925.36	$	26,925.36
RETAINER - LAW OFFICE OF HARRIET O'NEILL	$	15,000.00	$	15,000.00	$	-
RETAINER - MCGLADREY LLP	$	15,000.00	$	15,000.00	$	15,000.00
RETAINER - C. ALFRED MACKENZIE RETAINER	$	11,407.57	$	4,792.50	$	4,792.50
PREPAID - AMERICAN EXPRESS	$	6,884.16	$	2,958.15	$	-
RETAINER - LAW OFFICE OF DOUGLAS M BERMAN	$	5,368.75	$	5,368.75	$	5,368.75
RETAINER - DR. JAMES LINEBACK	$	5,000.00	$	5,000.00	$	5,000.00
PREPAID TAXES - FRANCHISE TAX BOARD	$	4,800.00	$	4,800.00	$	4,800.00
RETAINER - WEST & ASSOCIATES LLP	$	4,750.77	$	4,750.77	$	4,750.77
RETAINER - SQUIRES BATTON BOGGS (US) LLP	$	4,226.00	$	4,226.00	$	4,226.00
RETAINER - HORWOOD, MARCUS & BERK	$	2,867.62	$	2,867.62	$	2,867.62
RETAINER - MCGARRY & LAUFENBERG	$	1,303.00	$	1,303.00	$	1,303.00

TOTAL	$	143,386.74	$	131,827.25	$	112,945.22

Date:
Time: User:
Tuesday, August 18, 2015	EXHIBIT 3
08:17AM BSTRIPLING

Life Partners Inc

Period Sensitive Aged AP - Detail

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

Page:

Report:

Company:

1 of 3

03681d.rpt

Vendor

Master

Doc

Vendor/

Disc

Due

Pay

Days Past
Due 31

Ref Nbr

Inv Nbr

Name

DocType/RefNbr

Type

Doc Stat

Date

Current

1 To 30

To 60

61 To 90

Over 90

Balance

Company:

AIRF00

Allison Enterprises, Inc.

234702

133573

8/14/2015

8/12/2015

142.08

0.00

142.08

234703

133540

8/14/2015

8/12/2015

38.97

0.00

38.97

Vendor Total

181.05

0.00

181.05

AMBO00

Ambold's

234828

3557-7/31/15

8/30/2015

8/26/2015

72.52

0.00

72.52

Vendor Total

72.52

0.00

72.52

AMER01

American Express

234681

5-01003xJun1

6/28/2015

0.00

467.24

0.00

467.24

234684

5-01003AppD

6/28/2015

0.00

-467.24

0.00

-467.24

234830

5-01003xJul15

7/28/2015

8/12/2015

8/5/2015

63.99

0.00

63.99

234833

6-81004xJul15

7/28/2015

8/12/2015

8/5/2015

6,817.55

0.00

6,817.55

234834

6-81004xJul15

7/28/2015

8/12/2015

-2,958.15

0.00

-2,958.15

234835

9-93009xJul15

7/28/2015

8/12/2015

8/5/2015

511.78

0.00

511.78

Vendor Total

4,435.17

0.00

4,435.17

ATMO00

Atmos Energy

234785

3026943263

8/12/2015

8/5/2015

46.84

0.00

46.84

Vendor Total

46.84

0.00

46.84

ATT279

AT&T

234731

1648578201

8/8/2015

8/5/2015

2,033.14

0.00

2,033.14

Vendor Total

2,033.14

0.00

2,033.14

ATT322

AT&T

234844

25484890920

8/23/2015

8/27/2015

8/19/2015

107.97

0.00

107.97

Vendor Total

107.97

0.00

107.97

ATT352

AT&T Mobility

234786

832678352x0

8/10/2015

8/5/2015

697.06

0.00

697.06

Vendor Total

697.06

0.00

697.06

BICK00

Kristen Bickham

Date:

Time: User:

Tuesday, August 18, 2015

08:17AM BSTRIPLING

Life Partners Inc

Period Sensitive Aged AP - Detail

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

Page:

Report:

Company:

2 of 3

03681d.rpt

Vendor

Master

Doc

Vendor/

Disc

Due

Pay

Days Past
Due 31

Ref Nbr

Inv Nbr

Name

DocType/RefNbr

Type

Doc Stat

Date

Current

1 To 30

To 60

61 To 90

Over 90

Balance

234784

ExpRpt 7/30/1

8/3/2015

254.25

0.00

254.25

Vendor Total

254.25

0.00

254.25

BRID00

Bridgepoint Consulting

234708

30069

8/29/2015

8/26/2015

70,391.90

0.00

70,391.90

Vendor Total

70,391.90

0.00

70,391.90

COLE02

Colette Pieper

234824

ExpRpt 7/31/1

8/5/2015

231.51

0.00

231.51

Vendor Total

231.51

0.00

231.51

DELL00

Dell Marketing L.P.

234730

XJR2R6TW4

8/20/2015

8/12/2015

3,067.75

0.00

3,067.75

Vendor Total

3,067.75

0.00

3,067.75

EPIQ00

EPIQ Systems Acquisition, Inc.

234706

90118558

7/22/2015

0.00

384,316.57

0.00

384,316.57

Vendor Total

0.00

384,316.57

0.00

384,316.57

INSI00

Insight Direct USA, Inc.

234699

909282220

8/15/2015

8/12/2015

946.11

0.00

946.11

Vendor Total

946.11

0.00

946.11

JOHN00

Johnnies Office Systems, Inc.

234410

168964

6/27/2015

0.00

41.64

0.00

41.64

234701

169865

7/29/2015

7/22/2015

0.00

41.64

0.00

41.64

Vendor Total

0.00

41.64

0.00

83.28

LEXI00

LexisNexis

234841

5019870-2015

8/20/2015

8/12/2015

15.99

0.00

15.99

Vendor Total

15.99

0.00

15.99

MCGR01

City of McGregor

234825

10-0133-01

7/22/2015

8/10/2015

8/5/2015

60.14

0.00

60.14

Vendor Total

60.14

0.00

60.14

PITN02

Pitney Bowes Inc.

234729

329035

8/18/2015

8/5/2015

491.52

0.00

491.52

Date:

Time: User:

Tuesday, August 18, 2015

08:17AM BSTRIPLING

Life Partners Inc

Period Sensitive Aged AP - Detail

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

Page:

Report:

Company:

3 of 3

03681d.rpt

Vendor

Master

Doc

Vendor/

Disc

Due

Pay

Days Past
Due 31

Ref Nbr

Inv Nbr

Name

DocType/RefNbr

Type

Doc Stat

Date

Current

1 To 30

To 60

61 To 90

Over 90

Balance

Vendor Total

491.52

0.00

491.52

PROF00

Professional Building Maintena

234826

14251

8/30/2015

8/26/2015

784.81

0.00

784.81

234827

14252

8/30/2015

8/26/2015

838.94

0.00

838.94

Vendor Total

1,623.75

0.00

1,623.75

PUER00

Puerta Grande Investment Manag

234829

8/5/2015

4,500.00

0.00

4,500.00

Vendor Total

4,500.00

0.00

4,500.00

RABR00

Rabroker

234704

085332

8/20/2015

8/12/2015

280.37

0.00

280.37

Vendor Total

280.37

0.00

280.37

TALX00

TALX Corporation

234685

1866088

8/7/2015

7/30/2015

8/7/2015

0.00

767.52

0.00

767.52

Vendor Total

0.00

767.52

0.00

767.52

TEXA13

Texas Mutual Insurance Company

234790

20710157

8/6/2015

585.00

0.00

585.00

Vendor Total

585.00

0.00

585.00

THOM03

Thomson Reuters

234325

15183438

6/2/2015

0.00

906.10

0.00

906.10

Vendor Total

0.00

906.10

0.00

906.10

UCON00

Frontline eSolutions, LLC

234843

4E0F81F7

8/11/2015

18.95

0.00

18.95

Vendor Total

18.95

0.00

18.95

WEST00

Thomson Reuters

234441

831956911

7/1/2015

0.00

480.57

0.00

480.57

234707

832134810

7/31/2015

7/29/2015

1,310.64

0.00

1,310.64

Vendor Total

1,310.64

480.57

0.00

1,791.21

Company Total

91,351.63

385,606.30

947.74

0.00

477,905.67

Life Partners, Inc. Case No. 15-41995	EXHIBIT 4

OTHER TAXES				June 30,2015		July 31,2015
CK#	DATE	PAYEE	PURPOSE	AMOUNT		AMOUNT
000107	06/10/15	Arizona Department of Revenue	Sales, Use & Other Taxes Paid	$	50.00	$	-
000108	06/10/15	Louisiana Dept. of Revenue	Sales, Use & Other Taxes Paid	$	2,000.00	$	-
wire	06/03/15	State of Connecticut	Sales, Use & Other Taxes Paid	$	250.00	$	-

Life Partners, Inc. Case No. 15-41995

EXHIBIT 5

Other Receipts and Disbursements

31-Jul-15

	June 30,2015		July 31,2015
OTHER RECEIPTS:	Amount		Amount
A/R Collections-Pd in Error	$	-	$	-
Flow Thru Premiums	$	332,105.13	$	-
Transfer From LPIFS Checking Acct# 4069	$	250,000.00	$	800,000.00
Interest Earned	$	14.53	$	14.67
LPI FS Platform Fees Received	$	1,938.00	$	-
Other Inc-dividends on pd out policies	$	3.75	$	41.80
Other Income	$	0.11	$	-
Return of retainer	$	6,141.59	$	15,000.00
Reimbursements & Refunds-COBRA insurance			$	412.11
Reimbursements & Refunds-Employee Advance			$	20.00
Reimbursements & Refunds-License & Fees			$	9.00
Reimbursements & Refunds-Travel	$	-	$	370.33
Transfer from LPIFS	$	3,441.77	$	-
Transferred from LPHI BoTX Acct	$	61,398.28	$	-
Trust Fees	$	50.00	$	-
Total Other Receipts	$	655,093.16	$	815,867.91

	June 30,2015		July 31,2015
OTHER DISBURSEMENTS:	Amount		Amount
Premiums Advanced	$	143,566.75	$	350,503.44
Premiums-LPI Owned positions			$	20,900.80
Bank Fees (Charged & Reversed)	$	395.42	$	555.18
BK Premiums	$	1,136.05	$	940.69
Courier Services	$	1,166.53	$	5,486.43
Flow Thru Premiums	$	314,087.65	$	18,017.48
Licenses & Fees	$	-	$	31.00
LPI FS Platform Fees Forwarded	$	1,938.00	$	-
Medical Records	$	250.00	$	-
Medical Review Life Expectancy	$	-	$	700.00
Outside Services	$	6,479.50	$	2,608.38
Payroll Garnishment	$	151.86	$	455.58
Payroll-401K deductions	$	13,722.40	$	13,795.85
PES Operating Exp	$	60,834.03	$	34,234.77
Software Licenses & Support	$	5,543.30	$	-
Subscriptions	$	-	$	5,109.46
Tfrd to LPHI BoTX Acct in error	$	61,398.28	$	-
Trust Fees/Cost Reimbursement	$	16,789.57	$	28,308.12
Total Other Disbursements	$	627,459.34	$	481,647.18

Attached files

LIFE PARTNERS HOLDINGS INC Reports

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