Life Settlements Absolute Return I marks $493,944 net loss for March

By Caroline Salls

Pittsburgh, July 2 – Life Settlements Absolute Return I, LLC reported a $493,944 net loss for March on $7,697 in total revenue, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, Life Settlements posted a $692,045 net loss for February on $10,475 in total revenue.

The company had no cash and cash equivalents as of March 31.

Life Settlements is a Greenville, S.C.-based insurance company. The company filed bankruptcy on Dec. 29, 2017 under Chapter 11 case number 17-13030.

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