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Subsidiaries of Life Partners Holdings, Inc. file for Chapter 11 Bankruptcy Protection

Wednesday, 20 May 2015 07:40pm EDT

Life Partners Holdings Inc:Says that on May 19, 2015 Life Partners, Inc. and LPI Financial Services, Inc., direct and indirect subsidiaries of the Company, filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for Northern District of Texas.Says subsidiaries will operate as "debtors-in-possession" under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code.

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