LIFE PARTNERS HOLDINGS INC - FORM 8-K - EX-99.13 - EXHIBIT 99.13 - 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-99.10 - EXHIBIT 99.10 - LIFE PARTNERS HOLDINGS INCv427341_ex99-10.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-99.16 - EXHIBIT 99.16 - LIFE PARTNERS HOLDINGS INCv427341_ex99-16.htm
EX-99.12 - EXHIBIT 99.12 - LIFE PARTNERS HOLDINGS INCv427341_ex99-12.htm

 

Exhibit 99.13

 

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:   June     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   7/20/2015
PRINTED NAME OF RESPONSIBLE PARTY   DATE
     
PREPARER:    
     
/s/ Colette Pieper   CEO
ORIGINAL SIGNATURE OF PREPARER   TITLE
     
Colette Pieper   7/20/2015
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  Jan 21, 2015 to  MONTH  MONTH  MONTH  MONTH  
DISBURSEMENTS  Feb 28, 2015  Mar 31, 2015  Apr 30,2015  May 31,2015  June 30,2015  
1.   CASH - BEGINNING OF MONTH  $51,248.28  $59,637.28  $34,256.39  $12,603.29  $21,359.90  
RECEIPTS                      
2.   CASH SALES                      
3.   ACCOUNTS RECEIVABLE   COLLECTIONS                      
4.   LOANS AND ADVANCES                      
5.   SALE OF ASSETS                      
6.   LEASE & RENTAL INCOME  $10,500.00  $10,000.00  $10,000.00  $10,000.00  $22,000.00 11
7.   WAGES                      
8.   OTHER (ATTACH LIST)  $12.43  $0.21      $61,398.28     2
9.   TOTAL RECEIPTS  $10,512.43  $10,000.21  $10,000.00  $71,398.28  $22,000.00  
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  $1,048.43  $35,346.78  $1,058.43  $1,054.43  $2,462.99  
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)  $1,075.00  $34.32  $28,211.65  $61,587.24  $5,580.56 2
29.  TOTAL ORDINARY DISBURSEMENTS  $2,123.43  $35,381.10  $29,703.10  $62,641.67  $8,678.20  
REORGANIZATION EXPENSES                      
30.  PROFESSIONAL FEES                      
31.  U.S. TRUSTEE FEES          $1,950.00          
32.  OTHER (ATTACH LIST)                      
33.  TOTAL REORGANIZATION EXPENSES  $-  $-  $1,950.00  $-      
34.  TOTAL DISBURSEMENTS  $2,123.43  $35,381.10  $31,653.10  $62,641.67  $8,678.20 1
35.  NET CASH FLOW  $8,389.00  $(25,380.89) $(21,653.10) $8,756.61  $13,321.80  
36.  CASH - END OF MONTH  $59,637.28  $34,256.39  $12,603.29  $21,359.90  $34,681.70  

 

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' 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:   June

 

CASH DISBURSEMENTS

   DATE  PAYEE  PURPOSE   AMOUNT 
                         
                 
                 
                 
                 
                 
   TOTAL CASH DISBURSEMENTS      $- 

 

BANK ACCOUNT DISBURSEMENTS

CK#  DATE  PAYEE  PURPOSE  AMOUNT  
debit  06/01/15  Deluxe Business Checks & Solutions  Office Supply  $140.35
debit  06/02/15  Deluxe Business Checks & Solutions  Office Supply  $198.45  
wire  06/04/15  American Stock Transfer & Trust, LLC  Registrar & Transfer Fees  $5,300.00  
debit  06/08/15  Bank of Texas  Wire Fee  $6.00  
102  06/10/15  Oregon Dept. of Revenue  State Income Tax  $150.00  
debit  06/12/15  Bank of Texas  Account Analysis Fee  $274.56  
103  06/16/15  Allied Insurance  Business Insurance  $1,073.07  
104  06/16/15  Bank Direct Capital Finance  Cyber Liability Insurance  $1,104.82  
105  06/16/15  Travelers Insurance Network of Texas  Insurance  $285.10  
debit  06/18/15  Deluxe Business Checks & Solutions  Office Supply  $145.85  
                
                
                
                
                
                
   TOTAL BANK ACCOUNT DISBURSEMENTS    $8,678.20  
                
                
TOTAL DISBURSEMENTS FOR THE MONTH     $8,678.20 1

 

1Attached 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  $-   $-   $34,681.70   $34,681.70 
2.   ADD: TOTAL DEPOSITS NOT CREDITED                 $- 
3.   SUBTRACT: OUTSTANDING CHECKS                 $- 
4.   OTHER RECONCILING ITEMS                 $- 
5.   MONTH END BALANCE PER BOOKS  $-   $-   $34,681.70   $34,681.70 
6.   NUMBER OF LAST CHECK WRITTEN   1013         105      

 

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                 $34,681.70 

 

 

 

 

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  MONTH   MONTH  
REAL PROPERTY  AMOUNT  Feb 28, 2015  Mar 31, 2015   Apr 30,2015  May 31,2015   June 30,2015  
1.   204 Woodhew Dr. Waco, TX 76712  $1,079,495.09  $1,079,495.09  $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  $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  $2,188,638.84   $2,188,638.84  
SCHEDULE "B"                            
PERSONAL PROPERTY                            
1.   CASH ON HAND                            
2.   CHECKING, SAVINGS, ETC.  $51,248.28  $59,637.28  $34,256.39   $12,603.29  $21,359.90   $34,681.70  
3.   SECURITY DEPOSITS                            
4.   HOUSEHOLD GOODS                            
5.   BOOKS, PICTURES, ART  $166,250.00  $166,250.00  $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    unknown   unknown    unknown 3
14.  PARTNERSHIPS & JOINT VENTURES                            
15.  GOVERNMENT & CORPORATE BONDS                            
16.  ACCOUNTS RECEIVABLE  $76,415.22                    $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  $225,887.28  $200,506.39   $178,853.29  $187,609.90   $285,596.79  
37.  TOTAL ASSETS  $2,482,552.34  $2,414,526.12  $2,389,145.23   $2,367,492.13  $2,376,248.74   $2,474,235.63  

 

3 Item 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: June

 

LIABILITIES OF THE ESTATE

 

PREPETITION  SCHEDULE     
LIABILITIES  AMOUNT  PAYMENTS  
1.   SECURED  $267,504.86  $171,441.77 4
2.   PRIORITY  $3,991,351.00      
3.   UNSECURED  $114,283,484.71      
4.   OTHER (ATTACH LIST)          
5.   TOTAL PREPETITION LIABILITIES  $118,542,340.57  $171,441.77  

 

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.   AFCO (See Exhibit 2)      $-          
9.   American Stock Transfer      $-          
10.  Law Offices of Douglas M.  Berman, PLLC      $22,376.25          
11.  Kevin Buchanan & Associates, P.L.L.C.      $140,235.46          
12.  Carrington, Coleman, Sloman & Blumenthal, L.L.P.      $541.00          
13.  First Advantage Litigation Consulting      $11,535.00          
14.  Forshey & Prostok, LLP - IOLTA      $96,795.97          
15.  Horwood, Marcus & Berk      $8,827.50          
16.  HSPG & Associates, PC      $23,287.02          
17.  Hudson & Calleja, LLC      $1,975.00          
18.  The Johnson Law Firm      $6,881.90          
19.  Kyle Mathis & Lucas LLP      $1,367.97          
20.  C.  Alfred Mackenzie      $4,792.50          
21.  Meadows Collier Attorneys at Law      $16,082.47          
22.  Meyer, Unkovic & Scott LLP      $2,691.14          
23.  Pronske Goolsby & Kathman, P.C.      $28,617.68          
24.  Shackelford, Melton & McKinley      $60.00          
25.  Shareholder.com      $9,374.13          
26.  Smith, Jackson, Boyer & Bovard, PLLC      $10,106.20          
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      $483,200.21      $-  
31.  TOTAL POSTPETITION LIABILITIES      $483,200.21      $-  

 

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.

$       137,153.42  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: June

ACCOUNTS RECEIVABLE AGING

 

   SCHEDULE  MONTH       
   AMOUNT  June 30,2015  MONTH  MONTH 
1.   0 - 30  $76,415.22  $84,665.09         
2.   31 - 60                 
3.   61 - 90                 
4.   91 +                 
5.   TOTAL ACCOUNTS RECEIVABLE  $76,415.22  $84,665.09  $-  $- 
6.   AMOUNT CONSIDERED UNCOLLECTIBLE                 
7.   ACCOUNTS RECEIVABLE (NET)  $76,415.22  $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              $-  
4.   OTHER (ATTACH LIST)              $-  
5.   TOTAL TAXES PAYABLE  $-  $-  $-  $-  
                   
6. ACCOUNTS PAYABLE  $32,971.88  $12,063.00  $438,165.33  $483,200.21 5

 

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      $27,627.04 8
13.  PERSONAL PROPERTY              $-  
14.  OTHER (ATTACH LIST)      $150.00  $150.00  $- 9
15.  TOTAL STATE & LOCAL  $-  $27,777.04  $150.00  $27,627.04  
16.  TOTAL TAXES  $-  $27,777.04  $150.00  $27,627.04  

 

5See Exhibit 2 for detail of Postpetition Liabilities
8Accruing for calendar 2015 taxes due at the end of the year.
9Oregon Corporate Tax

 

 

 

 

Monthly Operating Report

CASH BASIS-5

 

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

 

  MONTH:   June

 

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       $-   $- 

 

PROFESSIONALS13
   DATE OF COURT ORDER  AMOUNT   AMOUNT  TTL PAID   TOTAL INCURRED    
NAME  AUTHORIZING PAYMENT  APPROVED   PAID  TO DATE   & UNPAID    
1.   Asset Servicing Group                  $470,382.84  
2.   Forshey & Prostok, LLP  04/28/15  $154,409.11       $57,613.14   $96,795.97   6
3.   Kevin Buchanan & Associates  07/01/15  $140,235.46            $140,235.46    
4.   Kim Hinkle, Attorney at Law                   $107,000.00    
5.   MMS Advisors                   $36,000.00   12
6.   Pronske Goolsby & Kathman, P.C.  05/05/15  $128,617.68       $100,000.00   $28,617.68   6
7.   Thompson & Knight LLP                   $2,850,000.00    
8.   Tom Moran, US Trustee                   $228,800.00    
9.   Munsch, Hardt, Kopf & Harr,P.C.                   $760,953.15    
10.  Bridgepoint Consulting                   $70,391.90    
11.  Epiq Bankruptcy Solutions                   $483,213.96    
TOTAL PAYMENTS TO PROFESSIONALS  $423,262.25   $-  $157,613.14   $5,272,390.96    

 

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   $8,654.16 
2.               
3.               
4.               
5.               
6.   TOTAL  $1,104.82   $1,104.82   $8,654.16 

 

6The payments reflected here are retainers paid in prior months by Life Partners, Inc.
12MMS Advisors incurred fees and expenses March-June 30th in the estimated amount of $342,000.00, however, their retention was approved beginning as of June 11th, so only a portion of this amount is reflected above.
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.

 

 

 

 

Monthly Operating Report

CASH BASIS-6

 

2015

 

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

 

  MONTH: June

 

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 2. Certain expenses of LPHI were paid by LPI. See Exhibit 1.

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 5. Bank Direct Capital Finance agreement for Cyber Risk Policy from Beazley Insurance.

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 6/30/15  

 

Number  Date Paid  Vendor  Paid by  Amount Paid   Purpose
American Express  5/18/2015  Vintage Filings  LPI credit card  $236.00    File 8-K ***
American Express  5/29/2015  Vintage Filings  LPI credit card  $236.00    File 8-K ***
wire  6/1/2015  AFCO  LPI wire  $34,288.36    Insurance Payment
         Total Paid  $34,524.36    

 

*** 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:  
Friday, July 17, 2015 EXHIBIT 2
07:56AM BSTRIPLING  

 

DIP - LPHI

Period Sensitive Aged AP - Detail

Period: 04-16 As of: 6/30/2015

 

Page:

Report:

Company:

1 of 5

03681d.rpt

20

 

Vendor Ref     Master Doc Vendor/Doc          
Nbr Inv Nbr Name DocType/RefNbr Type Stat Disc Date Due Date Pay Date Current 1 To 30 Days Past Due 31 To 60 61 To 90 Over 90 Balance
Company: 20                        
AFCO00 AFCO     A                  
234244 04-99324733- VO A     6/1/2015 5/21/2015 0.00 34,288.36 0.00 0.00 0.00 34,288.36
234284 04-99324733- AD A     6/1/2015   0.00 -34,288.36 0.00 0.00 0.00 -34,288.36
          Vendor Total     0.00 0.00 0.00 0.00 0.00 0.00
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 13,140.00 0.00 13,140.00
234028 Rev6288 AD A     4/24/2015   0.00 0.00 0.00 -12,100.00 0.00 -12,100.00
234029 Rev6288 AD A     4/24/2015   0.00 0.00 0.00 -7,080.00 0.00 -7,080.00
234030 6291 VO A     4/24/2015 4/24/2015 0.00 0.00 0.00 7,080.00 0.00 7,080.00
234031 6353 VO A     4/24/2015 4/24/2015 0.00 0.00 0.00 660.00 0.00 660.00
        Vendor Total     0.00 0.00 0.00 1,700.00 19,497.17 21,197.17
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 6,370.00 0.00 6,370.00
233556 Retnr-LP-01-2 AD A     4/8/2015   0.00 0.00 0.00 -4,712.50 0.00 -4,712.50
233558 RetnrLP-02-20 AD A     4/8/2015   0.00 0.00 0.00 -656.25 0.00 -656.25
234079 RevRetrLP-01 VO A     4/8/2015 4/8/2015 0.00 0.00 0.00 4,712.50 0.00 4,712.50
234080 RetnrLP-02-20 VO A     4/8/2015 4/8/2015 0.00 0.00 0.00 656.25 0.00 656.25
          Vendor Total     0.00 0.00 0.00 6,370.00 16,006.25 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 31,949.00 0.00 0.00 31,949.00

 

 

 

 

Date:  
Time: User:  
Friday, July 17, 2015 EXHIBIT 2
07:56AM BSTRIPLING  

 

DIP - LPHI

Period Sensitive Aged AP - Detail

Period: 04-16 As of: 6/30/2015

 

Page:

Report:

Company:

2 of 5

03681d.rpt

20

 

Vendor Ref     Master Doc Vendor/Doc          
Nbr Inv Nbr Name DocType/RefNbr Type Stat Disc Date Due Date Pay Date Current 1 To 30 Days Past Due 31 To 60 61 To 90 Over 90 Balance
234661 1382 VO A     5/11/2015 5/11/2015 0.00 0.00 105,546.96 0.00 0.00 105,546.96
234662 1382 VO A     5/11/2015 5/11/2015 0.00 0.00 7,459.00 0.00 0.00 7,459.00
234663 1382-Doc561 AD A     5/11/2015   0.00 0.00 -4,719.50 0.00 0.00 -4,719.50
          Vendor Total     0.00 0.00 140,235.46 0.00 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 11535.00 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 3,152.50 0.00 3,152.50
234276 389426 VO A     6/2/2015 6/2/2015 0.00 5,357.50 0.00 0.00 0.00 5,357.50
234423 391018 VO A     6/25/2015 6/25/2015 0.00 212.50 0.00 0.00 0.00 212.50
          Vendor Total     0.00 5,570.00 0.00 3,152.50 105.00 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 4,587.45 0.00 4,587.45
          Vendor Total     0.00 0.00 0.00 4,587.45 18,699.57 23,287.02
HUDS00 Hudson & Calleja, LLC   A                    

 

 

 

 

Date:  
Time: User:  
Friday, July 17, 2015 EXHIBIT 2
07:56AM BSTRIPLING  

 

DIP - LPHI

Period Sensitive Aged AP - Detail

Period: 04-16 As of: 6/30/2015

 

Page:

Report:

Company:

3 of 5

03681d.rpt

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Vendor Ref     Master Doc Vendor/Doc          
Nbr Inv Nbr Name DocType/RefNbr Type Stat Disc Date Due Date Pay Date Current 1 To 30 Days Past Due 31 To 60 61 To 90 Over 90 Balance
233306 5537 VO A     3/23/2015 3/23/2015 0.00 0.00 0.00 0.00 1,685.00 1,685.00
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 3,245.28 0.00 3,245.28
234223 129492 VO A     5/19/2015 5/19/2015 0.00 0.00 1,995.00 0.00 0.00 1,995.00
234654 130671 VO A     7/13/2015 7/13/2015 741.00 0.00 0.00 0.00 0.00 741.00
          Vendor Total     741.00 0.00 1,995.00 3,245.28 10,101.19 16,082.47
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 2,433.64 0.00 2,433.64
          Vendor Total     0.00 0.00 0.00 2,433.64 257.50 2,691.14
PRON00 Pronske, Goolsby & Kathman, PC     A                  
234645 Statement 201 VO A     7/9/2015 7/9/2015 108,615.83 0.00 0.00 0.00 0.00 108,615.83
234646 Statement 202 VO A     7/9/2015 7/9/2015 18,001.85 0.00 0.00 0.00 0.00 18,001.85

 

 

 

 

Date:  
Time: User:  
Friday, July 17, 2015 EXHIBIT 2
07:56AM BSTRIPLING  

 

DIP - LPHI

Period Sensitive Aged AP - Detail

Period: 04-16 As of: 6/30/2015

 

Page:

Report:

Company:

4 of 5

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20

 

Vendor Ref     Master Doc Vendor/Doc          
Nbr Inv Nbr Name DocType/RefNbr Type Stat Disc Date Due Date Pay Date Current 1 To 30 Days Past Due 31 To 60 61 To 90 Over 90 Balance
234647 FeeApplicatio VO A     7/9/2015 7/9/2015 2,000.00 0.00 0.00 0.00 0.00 2,000.00
234649 ApplyRetnr AD A     7/10/2015   -100,000.00 0.00 0.00 0.00 0.00 -100,000.00
          Vendor Total     28,617.68 0.00 0.00 0.00 0.00 28,617.68
SHAC00 Shackelford, Melton & McKinley   A                    
233118 174733 VO A   4/09/2015 4/09/2015   4/09/2015 0.00 0.00 0.00 60.00 0.00 60.00
          Vendor Total     0.00 0.00 0.00 60.00 0.00 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
234495 0115SHAR16 VO A     3/1/2015 3/1/2015 0.00 0.00 0.00 0.00 3,749.65 3,749.65
234496 0415SHAR22 VO A     5/17/2015 5/17/2015 0.00 0.00 5,624.48 0.00 0.00 5,624.48
          Vendor Total     0.00 0.00 5,624.48 0.00 3,749.65 9,374.13
SMIT04 Smith, Jackson, Boye r & Bovard     A                  
234424 56906 VO A     6/25/2015 6/25/2015 0.00 6,493.00 0.00 0.00 0.00 6,493.00
234655 57203 VO A     7/13/2015 7/13/2015 3,613.20 0.00 0.00 0.00 0.00 3,613.20
          Vendor Total     3,613.20 6,493.00 0.00 0.00 0.00 10,106.20
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
          Vendor Total     0.00 0.00 0.00 0.00 10,165.00 10,165.00
WHIT03 Whitley Penn   A                    
232727 226512 VO A   2/09/2015 2/09/2015 2/09/2015 0.00 0.00 0.00 0.00 1,007.00 1,007.00

 

 

 

 

Date:  
Time: User:  
Friday, July 17, 2015 EXHIBIT 2
07:56AM BSTRIPLING  

 

DIP - LPHI

Period Sensitive Aged AP - Detail

Period: 04-16 As of: 6/30/2015

 

Page:

Report:

Company:

5 of 5

03681d.rpt

20

 

Vendor Ref     Master Doc Vendor/Doc          
Nbr Inv Nbr Name DocType/RefNbr Type Stat Disc Date Due Date Pay Date Current 1 To 30 Days Past Due 31 To 60 61 To 90 Over 90 Balance
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 5,100.00 0.00 5,100.00
234115 Finance Chg VO A   4/23/2015 4/23/2015 4/23/2015 0.00 0.00 0.00 17.50 0.00 17.50
          Vendor Total    0.00 0.00 0.00 5,117.50 56,237.13 61,354.63
          Company Total    32,971.88 12,063.00 147,854.94 26,666.37 263,644.02 483,200.21

 

 

 

 

 

Life Partners Holdings, Inc. Exhibit 3
List of Other Receipts and Disbursements  

 

   Feb 28,2015   Mar 31,2015   Apr 30,2015   May 31,2015   June 30,2015 
   Amount   Amount   Amount   Amount   Amount 
Receipts from:                         
Interest Earned  $12.43   $0.21                
Funds transferred from LPI Acct in error**                 $61,398.28      
                          
Total Other Receipts  $12.43   $0.21   $-   $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  $1,050.00                  $5,300.00 
Filing Fees            $738.00   $161.00      
Logo/Trademark Renewal            $400.00           
Title Letters for buildings            $324.76           
Domain Renewal            $123.95           
Bank Acct Analysis Fee  $25.00   $34.32   $29.22   $27.96   $274.56 
Other Bank Charges                      $6.00 
Return Funds to LPI wired in error**                 $61,398.28      
                          
Total Other Disbursements  $1,075.00   $34.32   $28,211.65   $61,587.24   $5,580.56 

 

** 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