Transparency Alliance Presents Safer, More Cost-Effective Reorg Plan to Life Partners Holdings' Creditors

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:

• Investors would immediately be paid all escrowed maturity proceeds.
• Investors would be able to either retain their entire investments, pool their investments under Transparency Alliance's best-in-class professional investment management, or rescind their investments altogether.
• Transparency Alliance would provide debtor-in-possession financing and exit financing which, when combined with its life settlement expertise and track record of successful investment management, would prevent the Life Partners Holdings portfolio from falling into bankruptcy again.
• Servicing would be provided by multiple independent administrators, each with separate responsibilities, to provide robust checks and balances—and at a lower cost to investors than what the Trustee's plan will charge.
• Oversight would be provided by an independent Advisory Board consisting of insurance and life settlement experts—and headed by Eleanor Kitzman, former Commissioner of the Texas Department of Insurance and former Director of the South Carolina Department of Insurance.
• Investors would not have to wait for up to 30 years to receive the value of their investments. Under the Transparency Plan, the value of the investments would be realized within 12 years after the Transparency Plan goes into effect. And if an investor wants to keep his or her investments after the Transparency Plan ends, the investor's decision would be honored: Transparency Alliance would establish a new servicer for that investor so that the investor can maintain his or her investment until maturity. Under the Trustee's plan, the investments would be retained for up to 30 years. And when the investments are sold, the Trustee would have no obligation to establish a servicer for investors who want to maintain their individual interests.

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

Related Links

http://www.transparencyalliance.net