LIFE PARTNERS HOLDINGS INC - FORM 8-K - EX-99.3 - EXHIBIT 99.3 - December 21, 2015

Attached files

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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-99.1 - 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-99.16 - EXHIBIT 99.16 - LIFE PARTNERS HOLDINGS INCv427341_ex99-16.htm
EX-99.12 - EXHIBIT 99.12 - LIFE PARTNERS HOLDINGS INCv427341_ex99-12.htm

 

Exhibit 99.3

 

  Monthly Operating Report
  ACCRUAL BASIS

 

CASE NAME: LPI Financial Services, Inc.
   
CASE NUMBER: 15-40289 (Jointly Administered)
   
JUDGE: Russell Nelms

 

UNITED STATES BANKRUPTCY COURT

 

NORTHERN & EASTERN DISTRICTS OF TEXAS

 

REGION 6

 

MONTHLY OPERATING REPORT

 

MONTH ENDING: November   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 (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-7) 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   12/21/2015
PRINTED NAME OF RESPONSIBLE PARTY   DATE
     
PREPARER:    
     
/s/ Colette Pieper   CEO
ORIGINAL SIGNATURE OF PREPARER   TITLE
     
Colette Pieper   12/21/2015
PRINTED NAME OF PREPARER   DATE

 

 

 

 

Monthly Operating Report

ACCRUAL BASIS-1

 

CASE NAME: LPI Financial Services, Inc.
   
CASE NUMBER: 15-40289 (Jointly Administered)

 

COMPARATIVE BALANCE SHEET

 

      SCHEDULE
AMOUNT		   MONTH
September 30, 2015		   MONTH
October 31, 2015		   MONTH
November 30, 2015		    
                       
ASSETS                           
1.  UNRESTRICTED CASH  $1,744,873   $1,090,944   $1,028,203   $1,083,015  
2.  RESTRICTED CASH                       
3.  TOTAL CASH  $1,744,873   $1,090,944   $1,028,203   $1,083,015    
4.  ACCOUNTS RECEIVABLE (NET)  $2,741,107                  2
5.  INVENTORY                       
6.  NOTES RECEIVABLE                       
7.  PREPAID EXPENSES                       
8.  OTHER (ATTACH LIST)       $1,906   $44   $0    
9.  TOTAL CURRENT ASSETS  $4,485,981   $1,092,849   $1,028,247   $1,083,015    
10.  PROPERTY, PLANT & EQUIPMENT                       
11.  LESS: ACCUMULATED DEPRECIATION/DEPLETION                       
12.  NET PROPERTY, PLANT & EQUIPMENT  $0        $0   $0    
13.  DUE FROM INSIDERS  $4,157,912                  1
14.  OTHER ASSETS - NET OF AMORTIZATION (ATTACH LIST)                       
15.  OTHER (ATTACH LIST)                       
16.  TOTAL ASSETS  $8,643,892   $1,092,849   $1,028,247   $1,083,015    
POSTPETITION LIABILITIES          
17.  ACCOUNTS PAYABLE       $1,906   $0   $1,288    
18.  TAXES PAYABLE                       
19.  NOTES PAYABLE                       
20.  PROFESSIONAL FEES       $227,757   $298,041   $328,481    
21.  SECURED DEBT                       
22.  OTHER (ATTACH LIST)       $650   $325   $5,138    
23.  TOTAL POSTPETITION LIABILITIES       $230,313   $298,366   $334,907    
PREPETITION LIABILITIES          
24.  SECURED DEBT                       
25.  PRIORITY DEBT   unknown                   
26.  UNSECURED DEBT  $9,001   $1,062   $1,062   $1,062    
27.  OTHER (ATTACH LIST)                       
28.  TOTAL PREPETITION LIABILITIES  $9,001   $1,062   $1,062   $1,062    
29.  TOTAL LIABILITIES  $9,001   $231,375   $299,428   $335,968    
EQUITY                          
30.  PREPETITION OWNERS' EQUITY        $5,901,723   $5,901,723   $5,901,723    
31.  POSTPETITION CUMULATIVE PROFIT OR (LOSS)       $1,436,474   $1,553,373   $1,451,203    
32.  DIRECT CHARGES TO EQUITY (ATTACH EXPLANATION)       $(6,476,722)  $(6,726,278)  $(6,605,880)  1
33.  TOTAL EQUITY       $861,475   $728,819   $747,046    
34.  TOTAL LIABILITIES & OWNERS' EQUITY       $1,092,849   $1,028,247   $1,083,015    

 

1This is Intercompany Due From Life Partners, Inc. reported on Schedule B Item 16 and shown above under Item 13. Due From Insiders.
2The Debtor LPIFS records receipts on a cash basis and accordingly, does not carry receivable balances. The Schedules note a receivable balance as if receipts were recorded on an accrual basis as of the petition date.

 

 

 

 

Monthly Operating Report

SUPPLEMENT TO

ACCRUAL BASIS-1

 

CASE NAME: LPI Financial Services, Inc.
   
CASE NUMBER: 15-40289 (Jointly Administered)

 

COMPARATIVE BALANCE SHEET

 

      SCHEDULE
AMOUNT		   MONTH
September 30, 2015		   MONTH
October 31, 2015		   MONTH
November 30, 2015		 
                    
CURRENT ASSETS       
8.  PREMIUMS BEING FORWARDED      $1,906   $44     
8  TOTAL OTHER CURRENT ASSETS       $1,906   $44   $0 
                        
POSTPETITION LIABILITIES       
22.  US TRUSTEE FEES       $650   $325   $5,138 
22  TOTAL OTHER POSTPETITION LIABILITIES       $650   $325   $5,138 

 

 

 

 

Monthly Operating Report

ACCRUAL BASIS-2

 

CASE NAME: LPI Financial Services, Inc.
   
CASE NUMBER: 15-40289 (Jointly Administered)

 

INCOME STATEMENT  AUGUST   SEPTEMBER   OCTOBER   NOVEMBER 
REVENUES       
1.  GROSS REVENUES  $52,937   $1,032,009   $214,446   $53,944 
2.  LESS: RETURNS & DISCOUNTS                    
3.  NET REVENUE  $52,937   $1,032,009   $214,446   $53,944 
COST OF GOODS SOLD       
4.  MATERIAL                    
5.  DIRECT LABOR                    
6.  DIRECT OVERHEAD                    
7.  TOTAL COST OF GOODS SOLD  $0   $0   $0   $0 
8.  GROSS PROFIT  $52,937   $1,032,009   $214,446   $53,944 
OPERATING EXPENSES       
9.  OFFICER / INSIDER COMPENSATION                    
10.  SELLING & MARKETING                    
11.  GENERAL & ADMINISTRATIVE  $24,543   $375   $26,817   $464 
12.  RENT & LEASE                    
13.  OTHER (ATTACH LIST)                    
14.  TOTAL OPERATING EXPENSES  $24,543   $375   $26,817   $464 
15.  INCOME BEFORE NON-OPERATING INCOME & EXPENSE  $28,393   $1,031,634   $187,628   $53,480 
OTHER INCOME & EXPENSES       
16.  NON-OPERATING INCOME (ATTACH LIST)                    
17.  NON-OPERATING EXPENSE (ATTACH LIST)                    
18.  INTEREST EXPENSE                    
19.  DEPRECIATION / DEPLETION                    
20.  AMORTIZATION                    
21.  OTHER (ATTACH LIST)                    
22.  NET OTHER INCOME & EXPENSES  $0   $0   $0   $0 
REORGANIZATION EXPENSES       
23.  PROFESSIONAL FEES  $194,009   $98,376   $65,916   $155,650 
24.  U.S. TRUSTEE FEES       $0   $4,813      
25.  OTHER (ATTACH LIST)       $0   $0      
26.  TOTAL REORGANIZATION EXPENSES  $194,009   $98,376   $70,729   $155,650 
27.  INCOME TAX                    
28.  NET PROFIT (LOSS)  $(165,616)  $933,258   $116,900   $(102,170)

 

 

 

 

Monthly Operating Report

ACCRUAL BASIS-3

 

 

CASE NAME:

 LPI Financial Services, Inc.
   
CASE NUMBER: 15-40289 (Jointly Administered)

 

   MONTH      MONTH   MONTH       
CASH RECEIPTS AND DISBURSEMENTS  September 30, 2015   QUARTER   October 31, 2015   November 30, 2015   QUARTER    
1.  CASH - BEGINNING OF MONTH  $694,146        $1,090,944   $1,028,203         
RECEIPTS FROM OPERATIONS               
2.  CASH SALES  $1,032,009   $1,128,821   $216,308   $53,988   $270,295    
COLLECTION OF ACCOUNTS RECEIVABLE               
3.  PREPETITION       $0             $0    
4.  POSTPETITION       $0             $0    
5.  TOTAL OPERATING RECEIPTS  $1,032,009   $1,128,821   $216,308   $53,988   $270,295    
NON-OPERATING RECEIPTS               
6.  LOANS & ADVANCES (ATTACH LIST)       $0             $0    
7.  SALE OF ASSETS       $0             $0    
8.  OTHER (ATTACH LIST)  $55,451   $55,451   $8,632   $3,101   $11,732    
9.  TOTAL NON-OPERATING RECEIPTS  $55,451   $55,451   $8,632   $3,101   $11,732    
10.  TOTAL RECEIPTS  $1,087,460   $1,184,272   $224,939   $57,088   $282,028    
11.  TOTAL CASH AVAILABLE  $1,781,605        $1,315,883   $1,085,291         
OPERATING DISBURSEMENTS               
12.  NET PAYROLL       $0             $0    
13.  PAYROLL TAXES PAID       $0             $0    
14.  SALES, USE & OTHER TAXES PAID       $0             $0    
15.  SECURED / RENTAL / LEASES       $0             $0    
16.  UTILITIES       $0             $0    
17.  INSURANCE  $95,216   $95,216             $0    
18.  INVENTORY PURCHASES       $0             $0    
19.  VEHICLE EXPENSES       $0             $0    
20.  TRAVEL       $0             $0    
21.  ENTERTAINMENT       $0             $0    
22.  REPAIRS & MAINTENANCE       $0             $0    
23.  SUPPLIES  $4,786   $26,972   $25,513        $25,513   1
24.  ADVERTISING       $0             $0    
25.  OTHER (ATTACH LIST)  $405,879   $1,908,159   $261,842   $2,276   $264,118    
26.  TOTAL OPERATING DISBURSEMENTS  $505,881   $2,030,347   $287,355   $2,276   $289,632    
REORGANIZATION EXPENSES               
27.  PROFESSIONAL FEES  $184,781   $184,781             $0    
28.  U.S. TRUSTEE FEES       $325   $325        $325    
29.  OTHER (ATTACH LIST)       $0             $0    
30.  TOTAL REORGANIZATION EXPENSES  $184,781   $185,106   $325   $0   $325    
31.  TOTAL DISBURSEMENTS  $690,662   $2,215,452   $287,680   $2,276   $289,957   2
32.  NET CASH FLOW  $396,798   $(1,031,181)  $(62,741)  $54,812   $(7,929)   
33.  CASH - END OF MONTH  $1,090,944        $1,028,203   $1,083,015         

 

1Item 23. Supplies includes $25,000 of postage.
2Total Disbursements includes the following amounts that are NOT disbursements, but are transfers of funds between bank accounts (from LPI Financial Services account to Life Partners, Inc. account) for the periods shown below.

 

September 30, 2015  $350,000.00 
October 31, 2015  $254,686.04 
November 30, 2015  $- 

 

 

 

  

Monthly Operating Report
  SUPPLEMENT TO
  ACCRUAL BASIS-3

 

CASE  NAME: LPI Financial Services, Inc.
   
CASE  NUMBER: 15-40289 (Jointly Administered)

 

   MONTH      MONTH   MONTH    
CASH  RECEIPTS AND DISBURSEMENTS  September 30, 2015   QUARTER   October 31, 2015   November 30, 2015   QUARTER 
NON-OPERATING RECEIPTS (OTHER)                         
8.  DIVIDENDS FORWARD TO LPI       $0             $0 
8.  FLOW THRU PREMIUMS  $55,451   $55,451   $3,946   $3,101   $7,046 
8.  PREMIUMS RETURNED       $0             $0 
8.  SPOILED POSTAGE REFUND       $0             $0 
8.  RECEIPTS TO BE FORWARDED TO LPI       $0   $4,686        $4,686 
9.  TOTAL  NON-OPERATING  RECEIPTS  $55,451   $55,451   $8,632   $3,101   $11,732 
OPERATING  DISBURSEMENTS                         
25.  BANK FEES  $365   $1,131   $1,294   $454   $1,748 
25.  CREDIT CARD PROCESSING FEES  $10   $30   $10   $10   $20 
25.  DIVIDENDS FORWARD TO LPI       $0             $0 
25.  FLOW THRU PREMIUMS  $55,451   $56,890   $5,852   $1,813   $7,664 
25.  PREMIUMS RETURNED       $0             $0 
25.  TRANSFER TO LPI  $350,000   $1,850,000   $254,686        $254,686 
25.  TRANSFER TO LPI BANK ACCOUNT       $0             $0 
25.  LICENSES & FEES  $54   $108             $0 
26.  TOTAL  OPERATING  DISBURSEMENTS (OTHER)  $405,879   $1,908,159   $261,842   $2,276   $264,118 

 

 6 

 

 

  Monthly Operating Report
  ACCRUAL BASIS-4

 

CASE  NAME: LPI Financial Services, Inc.  
   
CASE  NUMBER: 15-40289 (Jointly Administered)

 

ACCOUNTS RECEIVABLE AGING  SCHEDULE
AMOUNT		   MONTH
September 30, 2015		   MONTH
October 31, 2015		   MONTH
November 30, 2015		 
1.  0-30                    
2.  31-60  $803,662                
3.  61-90                    
4.  91+  $1,937,445                
5.  TOTAL  ACCOUNTS  RECEIVABLE  $2,741,107   $0   $0   $0 
6.  AMOUNT  CONSIDERED  UNCOLLECTIBLE                    
7.  ACCOUNTS  RECEIVABLE  (NET)  $2,741,107   $0   $0   $01

 

AGING  OF  POSTPETITION  TAXES  AND  PAYABLES MONTH: November 2015

 

      0-30   31-60   61-90   91+     
TAXES  PAYABLE  DAYS   DAYS   DAYS   DAYS   TOTAL 
1.  FEDERAL                      $0 
2.  STATE                      $0 
3.  LOCAL                      $0 
4.  OTHER (ATTACH LIST)                      $0 
5.  TOTAL  TAXES  PAYABLE  $0   $0   $0   $0   $0 
                             
6.  ACCOUNTS  PAYABLE  $1,288                  $1,288 

  

STATUS  OF  POSTPETITION  TAXES MONTH: November 2015

 

      BEGINNING   AMOUNT       ENDING 
      TAX   WITHHELD AND/   AMOUNT   TAX 
FEDERAL  LIABILITY   0R  ACCRUED   PAID   LIABILITY 
1.  WITHHOLDING                 $0 
2.  FICA-EMPLOYEE                 $0 
3.  FICA-EMPLOYER                 $0 
4.  UNEMPLOYMENT                 $0 
5.  INCOME                 $0 
6.  OTHER (ATTACH LIST)                 $0 
7.  TOTAL  FEDERAL  TAXES  $0   $0   $0   $0 
STATE  AND  LOCAL                    
8.  WITHHOLDING                 $0 
9.  SALES                 $0 
10.  EXCISE                 $0 
11.  UNEMPLOYMENT                 $0 
12.  REAL  PROPERTY                 $0 
13.  PERSONAL  PROPERTY                 $0 
14.  OTHER (ATTACH LIST)                 $0 
15.  TOTAL  STATE  &  LOCAL  $0   $0   $0   $0 
16.  TOTAL  TAXES  $0   $0   $0   $0 

 

1 The Debtor LPIFS records receipts on a cash basis and accordingly, does not carry receivable balances.  The Schedules note a receivable balance as if receipts were recorded on an accrual basis as of the petition date.

 

 7 

 

 

Monthly Operating Report

ACCRUAL BASIS-5

 

CASE NAME: LPI Financial Services, Inc.
   
CASE NUMBER: 15-40289 (Jointly Administered)

 

          MONTH:   November 2015 
BANK RECONCILIATIONS                
      Account #1   Account #2   Account #3     
A. BANK:                
B. ACCOUNT NUMBER:  4069           TOTAL 
C. PURPOSE (TYPE):                
1.  BALANCE PER BANK STATEMENT   $1,082,965             $1,082,965 
2.  ADD: TOTAL DEPOSITS NOT CREDITED                  $0 
3.  SUBTRACT: OUTSTANDING CHECKS   $0             $0 
4.  OTHER RECONCILING ITEMS   $50             $50 
5.  MONTH END BALANCE PER BOOKS   $1,083,015   $0   $0   $1,083,015 
6.  NUMBER OF LAST CHECK WRITTEN    1023                

 

INVESTMENT ACCOUNTS

 

        DATE OF     TYPE OF     PURCHASE     CURRENT  
BANK, ACCOUNT NAME & NUMBER   PURCHASE     INSTRUMENT     PRICE     VALUE  
7.                                  
8.                                  
9.                                  
10.                                  
11.   TOTAL INVESTMENTS                   $ 0   $ 0  
                                   
CASH                          
                                   
12.   CURRENCY ON HAND                         $ 0  
                                   
13.   TOTAL CASH - END OF MONTH                         $ 1,083,015  

 

 

 

 

Monthly Operating Report

ACCRUAL BASIS-6

 

CASE NAME: LPI Financial Services, Inc.
   
CASE NUMBER: 15-40289 (Jointly Administered)

 

  MONTH: November 2015

 

PAYMENTS TO INSIDERS AND PROFESSIONALS

 

INSIDERS
      TYPE OF  AMOUNT   TOTAL PAID 
   NAME  PAYMENT  PAID   TO DATE 
1.  Advance Trust & Life Escrow Services  Premium Remittance  $1,587   $90,437 
2.  Purchase Escrow Services, LLC  Premium Remittance  $225   $3,687 
3.                
4.                
5.                
6.  TOTAL PAYMENTS TO INSIDERS     $1,813   $94,124 

 

PROFESSIONALS  
      DATE OF COURT              TOTAL   
      ORDER AUTHORIZING  AMOUNT   AMOUNT   TOTAL PAID   INCURRED   
   NAME  PAYMENT  APPROVED   PAID   TO DATE   & UNPAID   
1.  Asset Servicing Group  10/29/15  $344,134   $344,134   $344,134   $502,572 
2.  Bridgepoint Consulting  10/29/15  $70,372   $70,372   $70,372   $665,552   
3.  Epiq Bankruptcy Solutions  05/22/15  $2,318,973   $1,532,306   $2,091,079   $227,894   
4.  Kim Hinkle, Attorney at Law  10/29/15  $80,408   $80,408   $80,408   $128,516   
5.  MMS Advisors                    $217,600  5
6.  Munsch, Hardt, Kopf & Harr,P.C.  10/29/15  $597,453   $597,453   $597,453   $1,161,836   
7.  Thompson & Knight LLP  10/29/15  $2,470,095   $2,466,661   $2,470,095   $6,714,050   
8.  Tom Moran, US Trustee          $6,588   $16,220   $397,750   
9.  Phillips Murrah  10/29/15  $82,045   $82,045   $82,045   $63,202   
10.  Smith, Jackson, Boyer & Brovard, PLLC  10/29/15  $7,463   $7,463   $7,463   $52,552   
11.  Predictive Resources                    $113,867   
12.  D3G/Lewis & Ellis                    $111,140   
13.  Barbara Pope                 $26,706   
14.  TOTAL PAYMENTS TO PROFESSIONALS       $5,187,429   $5,759,269   $10,383,236  3

 

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

 

      SCHEDULED   AMOUNTS     
      MONTHLY   PAID   TOTAL 
      PAYMENTS   DURING   UNPAID 
NAME OF CREDITOR  DUE   MONTH   POSTPETITION 
1.               
2.                  
3.                  
4.                  
5.                  
6.  TOTAL  $0   $0   $0 

 

3Professional 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.
5MMS 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.

 

 

 

 

Monthly Operating Report

ACCRUAL BASIS-7

 

CASE NAME: LPI Financial Services, Inc.
   
CASE NUMBER: 15-40289 (Jointly Administered)

 

  MONTH: November 2015

 

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.
 
 
 
 

 

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.      

 

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

 

INSTALLMENT PAYMENTS
TYPE OF        PAYMENT AMOUNT
POLICY  CARRIER  PERIOD COVERED  & FREQUENCY
          
          
          
          

 

 

LIFE PARTNERS HOLDINGS INC Reports