LIFE PARTNERS HOLDINGS INC - FORM 8-K - EX-99.16 - EXHIBIT 99.16 - 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-99.13 - EXHIBIT 99.13 - LIFE PARTNERS HOLDINGS INCv427341_ex99-13.htm
EX-99.12 - EXHIBIT 99.12 - LIFE PARTNERS HOLDINGS INCv427341_ex99-12.htm

 

Exhibit 99.16

 

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:   May     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   6/19/2015
PRINTED NAME OF RESPONSIBLE PARTY   DATE
     
PREPARER:    
     
/s/ Colette Pieper   CEO
ORIGINAL SIGNATURE OF PREPARER   TITLE
     
Colette Pieper   6/19/2015
PRINTED NAME OF PREPARER   DATE

 

 

 

 

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  
DISBURSEMENTS  Feb 28, 2015  Mar 31, 2015  Apr 30,2015  May 31,2015  
1.   CASH - BEGINNING OF MONTH  $51,248.28  $59,637.28  $34,256.39  $12,603.29  
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  
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  
DISBURSEMENTS                  
10.  NET PAYROLL                  
11.  PAYROLL TAXES PAID                  
12.  SALES,USE & OTHER TAXES PAID                  
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  
19.  VEHICLE EXPENSES                  
20.  TRAVEL                  
21.  ENTERTAINMENT                  
22.  REPAIRS & MAINTENANCE                  
23.  SUPPLIES          $433.02      
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 2
29.  TOTAL ORDINARY DISBURSEMENTS  $2,123.43  $35,381.10  $29,703.10  $62,641.67  
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 1
35.  NET CASH FLOW  $8,389.00  $(25,380.89) $(21,653.10) $8,756.61  
36.  CASH - END OF MONTH  $59,637.28  $34,256.39  $12,603.29  $21,359.90  

 

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.

 

 

 

 

Monthly Operating Report

CASH BASIS-1A

 

2015

 

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

 

CASH DISBURSEMENTS DETAIL MONTH:   May

 

CASH DISBURSEMENTS 

   DATE  PAYEE  PURPOSE   AMOUNT 
                 
                 
                 
                 
                 
                 
   TOTAL CASH DISBURSEMENTS        $- 

 

BANK ACCOUNT DISBURSEMENTS

CK#  DATE  PAYEE  PURPOSE  AMOUNT  
  5/15/2015  Bank Acct Analysis Fee    $27.96
1012  05/06/15  Allied Insurance  Business Insurance  $1,054.43  
1013  05/06/15  American Express  Filing Fees  $161.00  
wire  05/29/15  Life Partners, Inc.  Return tfr in error  $61,398.28  
                
                
                
                
                
                
                
                
                
                
                
                
   TOTAL BANK ACCOUNT DISBURSEMENTS  $62,641.67  
                
                
TOTAL DISBURSEMENTS FOR THE MONTH  $62,641.67 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  $-   $-   $21,359.90   $21,359.90 
2.   ADD: TOTAL DEPOSITS NOT CREDITED                 $- 
3.   SUBTRACT: OUTSTANDING CHECKS                 $- 
4.   OTHER RECONCILING ITEMS                 $- 
5.   MONTH END BALANCE PER BOOKS  $-   $-   $21,359.90   $21,359.90 
6.   NUMBER OF LAST CHECK WRITTEN   1013                

 

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                 $21,359.90 

 

 

 

 

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  
REAL PROPERTY  AMOUNT  Feb 28, 2015  Mar 31, 2015  Apr 30,2015  May 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  $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  
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  
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  
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  
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 3
14.  PARTNERSHIPS & JOINT VENTURES                      
15.  GOVERNMENT & CORPORATE BONDS                      
16.  ACCOUNTS RECEIVABLE                      
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  $217,498.28  $225,887.28  $200,506.39  $178,853.29  $187,609.90  
37.  TOTAL ASSETS  $2,406,137.12  $2,414,526.12  $2,389,145.23  $2,367,492.13  $2,376,248.74  

 

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: May

 

LIABILITIES OF THE ESTATE

 

PREPETITION  SCHEDULE      
LIABILITIES  AMOUNT   PAYMENTS  
1.   SECURED  $267,504.86   $137,153.41 4
2.   PRIORITY  $3,991,351.00       
3.   UNSECURED  $48,518,137.38       
4.   OTHER (ATTACH LIST)           
5.   TOTAL PREPETITION LIABILITIES  $52,776,993.24   $137,153.41  

 

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     $4,250.00              
10.  Law Offices of Douglas M. Berman, PLLC     $22,376.25              
11.  Kevin Buchanan & Associates, P.L.L.C.     $144,954.96             8
12.  Carrington, Coleman, Sloman & Blumenthal, L.L.P.     $541.00              
13.  First Advantage Litigation Consulting     $11,535.00              
14.  Forshey & Prostok, LLP - IOLTA     $139,705.93             9
15.  Horwood, Marcus & Berk     $8,615.00              
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     $15,341.47              
22.  Meyer, Unkovic & Scott LLP     $2,691.14              
23.  Shackelford, Melton & McKinley     $60.00              
24.  Squire Patton Boggs (US) LLP     $4,936.22              
25.  West & Associates, L.L.P     $10,165.00              
26.  Whitley Penn     $61,354.63              
27.  Asset Servicing Group     $370,000.00             10
28.  Kim Hinkle, Attorney at Law     $75,250.00             10
29.  MMS Advisors     $287,500.00             10
29.  Pronske Goolsby & Kathman, P.C.     $28,617.68             11
29.  Thompson & Knight LLP     $2,100,000.00             10
29.  Tom Moran, US Trustee     $149,000.00             10
29.  (IF ADDITIONAL ATTACH LIST)                     
30.  TOTAL OF LINES 7 - 29     $3,496,395.84        $-    
31. TOTAL POSTPETITION LIABILITIES     $3,496,395.84        $-    

 

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.

$        102,865.06  Payments by Life Partners, Inc. on behalf of LPHI.

5See Exhibit 2 for detail of Postpetition Liabilities.
8See note on Exhibit 2
9Amount shown here does not included pre-petition expenses that are included in the total figure on CASH BASIS-5.
10These amounts are estimated, are not included on Exhibit 2, and are included in the 0-30 day category on CASH BASIS-4A.
11Not included on Exhibit 2.

 

 

 

 

Monthly Operating Report

CASH BASIS-4A

 

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

 

  MONTH: May

 

ACCOUNTS RECEIVABLE AGING

 

   SCHEDULE             
   AMOUNT   MONTH   MONTH   MONTH 
1.   0 - 30                                             
2.   31 - 60                    
3.   61 - 90                    
4.   91 +                    
5.   TOTAL ACCOUNTS RECEIVABLE  $-   $-   $-   $- 
6.   AMOUNT CONSIDERED UNCOLLECTIBLE                    
7.   ACCOUNTS RECEIVABLE (NET)  $-   $-   $-   $- 

 

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  $2,990,502.50  $27,716.37  $478,176.97  $3,496,395.84 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                 $- 
13.  PERSONAL PROPERTY                 $- 
14.  OTHER (ATTACH LIST)                 $- 
15.  TOTAL STATE & LOCAL  $-   $-   $-   $- 
16.  TOTAL TAXES  $-   $-   $-   $- 

 

5See Exhibit 2 for detail of Postpetition Liabilities

 

 

 

 

Monthly Operating Report

CASH BASIS-5

 

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

 

  MONTH:   May

 

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   
   DATE OF COURT ORDER  AMOUNT   AMOUNT   TTL PAID   TOTAL INCURRED    
NAME  AUTHORIZING PAYMENT  APPROVED   PAID   TO DATE   & UNPAID    
1.   Asset Servicing Group               $370,000.00  
2.   Forshey & Prostok, LLP  04/28/15  $154,409.11        $57,613.14   $96,795.97   6
3.   Kevin Buchanan & Associates                    $144,954.96    
4.   Kim Hinkle, Attorney at Law                    $75,250.00    
5.   MMS Advisors                    $287,500.00    
6.   Pronske Goolsby & Kathman, P.C.  05/05/15  $128,617.68        $100,000.00   $28,617.68   6
7.   Thompson & Knight LLP                    $2,100,000.00    
8.   Tom Moran, US Trustee                    $149,000.00    
                           
                           
                           
TOTAL PAYMENTS TO PROFESSIONALS  $283,026.79   $-   $157,613.14   $3,252,118.61    

 

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.                                
2.               
3.               
4.               
5.               
6.   TOTAL  $-   $-   $- 

 

6The payments reflected here are retainers paid in prior months by Life Partners, Inc.

 

 

 

 

Monthly Operating Report

CASH BASIS-6

 

2015

 

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

 

  MONTH: May

 

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. 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; payments not made this reporting period.

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. 
Cyber Liability   Beazley Insurance  05/12/15 - 06/12/16  $1,104.82  /mo. 

 

*includes auto, building, edp, excess liability

 

 

 

 

Life Partners Holdings Inc Exhibit 1
Distributions made by Life Partners, Inc.  for LPHI Obligations  
Period Ending 5/31/15  

 

Number  Date Paid  Vendor  Paid by  Amount Paid   Purpose
112049  5/5/2015  The Nitsche Group  LPI Check  $3,237.75   Down Payment on Insurance
                  
                  
         Total Paid  $3,237.75    

 

 

 

 

Date:  
Time: User:  
Monday, June 15, 2015 EXHIBIT 2
05:37PM BSTRIPLING  

 

DIP – LPHI

Period Sensitive Aged AP - Detail

Period: 03-16 As of: 5/31/2015

 

Page:

Report:

Company:

1 of 4

03681d.rpt

20

 

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 (See note at end ofAreport.)
AFCO00 AFCO                        
234244 04-99324733- VO A     6/1/2015 5/21/2015 34,288.36 0.00 0.00 0.00 0.00 34,288.36
          Vendor Total     34,288.36 0.00 0.00 0.00 0.00 34,288.36
ALEX00 Alexander Dubose Jefferson & T     A                  
233293 6287 VO A     3/23/2015 3/23/2015 0.00 0.00 0.00 317.17 0.00 317.17
233294 6288 VO A     3/23/2015 3/23/2015 0.00 0.00 0.00 12,100.00 0.00 12,100.00
233295 6288 VO A     3/23/2015 3/23/2015 0.00 0.00 0.00 7,080.00 0.00 7,080.00
234017 6291 VO A     4/22/2015 4/22/2015 0.00 0.00 13,140.00 0.00 0.00 13,140.00
234028 Rev6288 AD A     4/24/2015   0.00 0.00 -12,100.00 0.00 0.00 -12,100.00
234029 Rev6288 AD A     4/24/2015   0.00 0.00 -7,080.00 0.00 0.00 -7,080.00
234030 6291 VO A     4/24/2015 4/24/2015 0.00 0.00 7,080.00 0.00 0.00 7,080.00
234031 6353 VO A     4/24/2015 4/24/2015 0.00 0.00 660.00 0.00 0.00 660.00
          Vendor Total     0.00 0.00 1,700.00 19,497.17 0.00 21,197.17
AMER02 American Stock Transfer & Trus     A                  
233512 DFE 1008901 VO A   3/19/2015 3/19/2015 3/19/2015 0.00 0.00 0.00 1,800.00 0.00 1,800.00
233937 DFE10091386 VO A   4/7/2015 4/7/2015 4/7/2015 0.00 0.00 1,050.00 0.00 0.00 1,050.00
234245 DFE 1009373 VO A   5/11/2015 5/11/2015 5/11/2015 0.00 1,400.00 0.00 0.00 0.00 1,400.00
          Vendor Total     0.00 1,400.00 1,050.00 1,800.00 0.00 4,250.00
BERM00 Law Offices of Douglas M. Berm                        
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 11,293.75 0.00 11,293.75
233552 LP-03-2015 VO A     4/8/2015 4/8/2015 0.00 0.00 6,370.00 0.00 0.00 6,370.00
233556 Retnr-LP-01-2 AD A     4/8/2015   0.00 0.00 -4,712.50 0.00 0.00 -4,712.50
233558 RetnrLP-02-20 AD A     4/8/2015   0.00 0.00 -656.25 0.00 0.00 -656.25
234079 RevRetrLP-01 VO A     4/8/2015 4/8/2015 0.00 0.00 4,712.50 0.00 0.00 4,712.50
234080 RetnrLP-02-20 VO A     4/8/2015 4/8/2015 0.00 0.00 656.25 0.00 0.00 656.25
          Vendor Total     0.00 0.00 6,370.00 11,293.75 4,712.50 22,376.25

 

 

 

 

Date:  
Monday, June 15, 2015 EXHIBIT 2
Page:  
Time: 05:37PM  
User: BSTRIPLING  

 

DIP - LPHI

Period Sensitive Aged AP - Detail

Period: 03-16 As of: 5/31/2015

 

Report:

Company:

2 of 4

03681d.rpt

20

 

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
BUCH00 Kevin Buchanan & Associates, P   A                    
(See note below)                        
232832 1355 VO A     1/31/2015 1/31/2015 0.00 0.00 0.00 0.00 26,947.75 26,947.75
          Vendor Total     0.00 0.00 0.00 0.00 26,947.75 26,947.75
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 11,535.00 0.00 11,535.00
          Vendor Total     0.00 0.00 0.00 11,535.00   0.00 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 78,075.53 0.00 78,075.53
233291 28681-Feb15 VO A     3/23/2015 3/23/2015 0.00 0.00 0.00 59,822.90 0.00 59,822.90
233292 28681-Mar15 VO A     3/23/2015 3/23/2015 0.00 0.00 0.00 1,807.50 0.00 1,807.50
          Vendor Total     0.00 0.00 0.00 139,705.93 0.00 139,705.93
HORW00 Horwood, Marcus & Berk     A                  
233305 385452 VO A     3/23/2015 3/23/2015 0.00 0.00 0.00 105.00 0.00 105.00
233935 387204 VO A     4/22/2015 4/22/2015 0.00 0.00 3,152.50 0.00 0.00 3,152.50
234276 389426 VO A     6/2/2015 6/2/2015 5,357.50 0.00 0.00 0.00 0.00 5,357.50
          Vendor Total     5,357.50 0.00 3,152.50 105.00 0.00 8,615.00
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 18,699.57 0.00 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 4,587.45 0.00 0.00 4,587.45
          Vendor Total     0.00 0.00 4,587.45 18,699.57 0.00 23,287.02
HUDS00 Hudson & Calleja, LLC                        
233306 5537 VO A     3/23/2015 3/23/2015 0.00 0.00 0.00 1,685.00 0.00 1,685.00
233307 5537 VO A     3/23/2015 3/23/2015 0.00 0.00 0.00 290.00 0.00 290.00
          Vendor Total     0.00 0.00 0.00 1,975.00 0.00 1,975.00

 

NOTE: The amount shown for Kevin Buchanan & Associates represents invoices submitted to debtor. The amount shown on Monthly Operating Report, CASH BASIS-4 & 5, reflects additional billings submitted to the court.

 

 

 

 

Date:  
Time: User:  
Monday, June 15, 2015 EXHIBIT 2
05:37PM BSTRIPLING  

 

DIP – LPHI

Period Sensitive Aged AP - Detail

Period: 03-16 As of: 5/31/2015

 

Page:

Report:

Company:

3 of 4

03681d.rpt

20

 

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
JOHN14 The Johnson Law Firm     A                  
233300 2 VO A     3/4/2015 3/4/2015 0.00 0.00 0.00 5,995.00 0.00 5,995.00
233303 3 VO A     3/23/2015 3/23/2015 0.00 0.00 0.00 886.90 0.00 886.90
          Vendor Total     0.00 0.00 0.00 6,881.90 0.00 6,881.90
KYLE00 Kyle Mathis & Lucas LLP     A                  
233296 14104 VO A     3/23/2015 3/23/2015 0.00 0.00 0.00 492.66 0.00 492.66
233299 14084 VO A     3/4/2015 3/4/2015 0.00 0.00 0.00 875.31 0.00 875.31
          Vendor Total     0.00 0.00 0.00 1,367.97 0.00 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 3,802.50 0.00 3,802.50
233116 LPHI LegalMa VO A   3/9/2015 3/9/2015 3/9/2015 0.00 0.00 0.00 990.00 0.00 990.00
          Vendor Total     0.00 0.00 0.00 4,792.50 0.00 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 10,101.19 0.00 10,101.19
233553 129135 VO A     4/8/2015 4/8/2015 0.00 0.00 3,245.28 0.00 0.00 3,245.28
234223 129492 VO A     5/19/2015 5/19/2015 0.00 1,995.00 0.00 0.00 0.00 1,995.00
          Vendor Total     0.00 1,995.00 3,245.28 10,101.19 0.00 15,341.47
MEYE00 Meyer, Unkovic & Scott LLP     A                  
231927 1223264 VO A   3/7/2015 3/7/2015 3/7/2015 0.00 0.00 0.00 257.50 0.00 257.50
233298 1224475 VO A   4/16/2015 4/16/2015 4/16/2015 0.00 0.00 2,433.64 0.00 0.00 2,433.64
          Vendor Total     0.00 0.00 2,433.64 257.50 0.00 2,691.14
SHAC00 Shackelford, Melton & McKinley   A                    
233118 174733 VO A   4/09/2015 4/09/2015 4/09/2015 0.00 0.00 60.00 0.00 0.00 60.00
          Vendor Total     0.00 0.00 60.00 0.00 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
          Vendor Total     0.00 0.00 0.00 0.00 0.00 0.00
SQUI01 Squire Patton Boggs (US) LLP   A                    

 

 

 

 

Date:  
Time: User:  
Monday, June 15, 2015 EXHIBIT 2
05:37PM BSTRIPLING  

 

DIP - LPHI

Period Sensitive Aged AP - Detail

Period: 03-16 As of: 5/31/2015

Page:

Report:

Company:

4 of 4

03681d.rpt

20

 

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
233301 10426961 VO A     3/23/2015 3/23/2015 0.00 0.00 0.00 2,912.22 0.00 2,912.22
233302 10426961 VO A     3/23/2015 3/23/2015 0.00 0.00 0.00 2,024.00 0.00 2,024.00
          Vendor Total     0.00 0.00 0.00 4,936.22 0.00 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 3,237.50 0.00 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 3,237.50 6,927.50 10,165.00
WHIT03 Whitley Penn     A                  
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 50,888.00 0.00 50,888.00
233121 228588 VO A   3/16/2015 3/16/2015 3/16/2015 0.00 0.00 0.00 1,900.00 0.00 1,900.00
234059 232198 VO A   4/23/2015 4/23/2015 4/23/2015 0.00 0.00 5,100.00 0.00 0.00 5,100.00
234115 Finance Chg VO A   4/23/2015 4/23/2015 4/23/2015 0.00 0.00 17.50 0.00 0.00 17.50
          Vendor Total     0.00 0.00 5,117.50 52,788.00 3,449.13 61,354.63
          Company Total     39,645.86 3,395.00 27,716.37 288,974.20 42,577.88 402,309.31

 

Less: AFCO  $(34,288.36)
Add: Buchanan Additional Billings  $118,007.21 
Add: Items Footnoted 10 & 11 on CASH BASIS-4  $3,010,367.68 
Adjusted Total  $3,496,395.84 
Note: AFCO is not included in the postpetition aged payables amounts reported on the Monthly Operating     
Report Cash Basis-4 & 4A. This amount is already included on the Monthly Operating Report under     
Prepetition Liabilities, Item 1. Secured.     

 

 

 

 

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

 

   Feb 28,2015   Mar 31,2015   Apr 30,2015   May 31,2015 
   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                
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 
Return Funds to LPI wired in error                  61,398.28**
                     
Total Other Disbursements   1,075.00    34.32    28,211.65    61,587.24 

 

** 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