Lifetime Receiver H. Thomas Moran II, Receiver of LifeTime Capital, Inc.


Premium Reimbursement Checks Mailed

The Court held a status hearing on Wednesday July 19th. Several topics were discussed including the timing of distributions.

The Receiver would like to personally thank everyone who was able to pay premiums and he is fully aware of the hardship it may have created.

For those of you who paid premiums, reimbursement checks will be mailed during the week of July 24th. If you do not receive your reimbursement by August 15, 2006, please contact our office.

If you are part of the Jordan settlement (you would have been previously notified if you were) a motion is pending regarding when distributions will be made to the investors.

The Receiver is working diligently to confirm all investor claims; it is his goal to make distributions before the end of the year.

Filed under: News Comments Off

Investors: The Court held a status hearing on Wednesday July 19.
Discussions concerned the timing of distributions.

It is probable that payments representing premium rebates will be made within the next 14 days.

Jordan claims that have been resolved should be paid within 45 days. I believe approximately 75% of the Jordan claims are included.

It is expected the balance of the claims approved will be distributed at least in part by the end of the year.

An additional hearing is set for Friday August 11 at 9:30 a.m.

If you have questions please contact me.

Andrew Storar, Examiner


Receiver's notice to the court of the sale of the LifeTime Portfolio to SPCP Group, LLC, In compliance with this court's order approving sale