In Life Partners Bankruptcy Proceeding, Wall Street Journal Describes Difficult Decisions, ‘Rotting Fish’ Deal

In Life Partners Bankruptcy Proceeding, Wall Street Journal Describes Difficult Decisions, ‘Rotting Fish’ Deal

The Wall Street Journal publishes detailed articles this week and last week on the Life Partners, Inc., bankruptcy proceeding, with a piece first on the difficult decisions faced by individuals who invested in the company, and later on the bankruptcy judge’s concerns about one of the possible successor deals.

Last week’s report describes savvy investors saying that it is tough to understand the pros and cons of various options offered by the bankruptcy court.  The full article, Life Partners Customers Face Tough Investment Decisions, is available here.

This week’s article quotes the bankruptcy judge as saying a negotiated deal, where one of the two companies that was competing to manage the Life Partners’ portfolio has now backed out, “has the smell of rotting fish.”  That article, Bankruptcy Judge ‘Troubled’ by New Life Partners Deal, is available here.

Earlier Secondary Insurance Market Blog posts on Life Partners – its life settlements business, related lawsuits, and bankruptcy – are available here, herehere and here.

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