Emergent Capital reports $879,716 net loss for December period

By Sarah Lizee

Olympia, Wash., Feb. 11 – Emergent Capital, Inc. reported a $879,716 net loss on $79,743 total revenue for the Dec. 1 through Dec. 31 period, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

The company had $12.77 million of cash and cash equivalents at the end of the period.

Emergent is a Boca Raton, Fla.-based specialty finance company that invests in life settlements. The company filed Chapter 11 bankruptcy on Oct. 15 under case number 20-12602.

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