NEW YORK, July 22, 2016 /PRNewswire/ — Transparency Alliance LLC has scheduled an informational road show to present Life Partners Holdings Inc.’s creditors with its proposed bankruptcy reorganization plan, which was recently approved for solicitation by Judge Russell F. Nelms of the U.S. Bankruptcy Court for the Northern District of Texas. The Transparency Plan offers an alternative to a plan put forward by the Chapter 11 Trustee, H. Thomas Moran II. More information about the Transparency Plan will be available at: http://www.transparencyalliance.net.
The Transparency Plan presents creditors with a safer and more cost-effective option for protecting the value of their investments. The team at Transparency Alliance has a proven track record of managing life insurance settlement investments for some of the world’s largest institutional investors since 2002. Transparency Alliance combines extensive knowledge of life settlements with a thorough system of independent checks and balances to seek the best possible outcomes for investors.
If enough creditors vote to approve the Transparency Plan, and the bankruptcy court ultimately confirms the Transparency Plan, the creditors will receive these same services at a significantly lower cost than what they would have to pay under the Trustee’s plan.
Under Transparency Alliance’s proposed plan:
Transparency Alliance has organized a road show to give creditors the opportunity to find out more information, and ask questions about, its plan. The schedule of events includes live webinars as well as in-person meetings in various cities kicking off on Wednesday, July 27 from 2 – 4 pm ET at the Marriott Airport Hotel. Full details will be available at: www.transparencyalliance.net
About Transparency Alliance LLC
Transparency Alliance LLC was established in 2016 to create a bankruptcy reorganization plan that would protect the interests of Life Partners Holdings Inc.’s creditors and provide best-in-class servicing for those wishing to retain their independent interests. More information about Transparency Alliance and its proposed plan will be available at www.transparencyalliance.net.
SOURCE Transparency Alliance LLC