TCR_Public/161008.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Saturday, October 8, 2016, Vol. 20, No. 281


CHC GROUP: Net Loss Balloons to $659.51 Million in August
LIFE PARTNERS: Reports $565,349 Net Loss in August


CHC GROUP: Net Loss Balloons to $659.51 Million in August
CHC Group Ltd., et al., filed with the U.S. Securities
and Exchange Commission their monthly operating report for August

The Debtors incurred a net loss of $659.51 million on $71.44
million of revenue for the month, a huge increase from $102.90 net
loss posted in June.

The Debtors' balance sheet for the month recorded total assets of
$2.86 billion, total current liabilities of $240.61 million, total
non-current liabilities of $3.44 billion, convertible preferred
shares of $643.97 million, and total shareholders' deficit of $1.46

The Debtors had $190.77 million cash at the start of the
month. They listed $57.42 million in total receipts and $75.10
million in total disbursements.  Disbursements include $8.06
million in professional & UST fees.  Taking into account $1.09
million in revaluation of non-USD cash balances, the Debtors had
$172 million cash at month end.

A copy of the monthly operating report is available at the SEC at:


                 About CHC Group Ltd.

Headquartered in Irving, Texas, CHC Group Ltd. is a global
commercial helicopter services company primarily servicing the
offshore oil and gas industry.  CHC maintains bases on six
continents with major operations in the North Sea, Brazil,
Australia, and several locations across Africa, Eastern Europe, and
South East Asia.  CHC maintains a fleet of 230 medium and heavy
helicopters, 67 of which are owned by it and the remainder are
leased from various third-party lessors.

CHC Group Ltd. and 42 of its wholly-owned subsidiaries each filed a
voluntary petition for relief under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Tex. Case No. 16-31854) on May 5, 2016.  As of
Jan. 31, 2016, CHG had $2.16 billion in total assets and $2.19
billion in total liabilities.  

The Debtors hired Weil, Gotshal & Manges LLP as counsel, Debevoise
& Plimpton LLP as special aircraft counsel, PJT Partners LP as
investment banker, Seabury Corporate Advisors LLC as financial
advisor, CDG Group, LLC, as restructuring advisor, and Kurtzman
Carson Consultants LLC as claims and noticing agent.

The Office of the U.S. Trustee on May 13, 2016, appointed five
creditors of CHC Group Ltd. to serve on the official committee of
unsecured creditors.

LIFE PARTNERS: Reports $565,349 Net Loss in August
Life Partners Holdings, Inc., filed with the U.S. Securities and
Exchange Commission their monthly operating report for August

The Debtor posted a net loss of $565,349 on zero revenue for the

As of August 31, 2016, the Debtor had $211,084 in total
assets, $3.63 million in total liabilities, and -$3.42 million in
total stockholders' equity.

The Debtor had $8,336 cash at the start of the month.  It
reported total disbursements of $2,687 and zero receipts.  Thus,
the Debtor had $5,649 ending cash balance at August 31, 2016.

A copy of the monthly operating report is available at the SEC at:


           About Life Partners Holdings

Headquartered in Waco, Texas, Life Partners Holdings, Inc. -- is the parent company engaged in the   
secondary market for life insurance, commonly called "life
settlements."  Since its incorporation in 1991, Life Partners,
Inc., has completed over 162,000 transactions for its worldwide
client base of over 30,000 high net worth individuals and
institutions in connection with the purchase of over 6,500
policies totaling over $3.2 billion in face value.

LPHI is a publicly traded company incorporated in Texas and its
common stock has been delisted from the NASDAQ (formerly trading
under the symbol LPHI).

Life Partners Holdings sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Tex. Case No. 15-40289) on Jan. 20,

The case is assigned to Judge Russell F. Nelms.  J. Robert
Forshey, Esq., at Forshey & Prostok, LLP, serves as counsel to the

LPHI disclosed $2,406,137 in assets and $52,722,308 in liabilities
as of the Chapter 11 filing.

The official committee of unsecured creditors formed in the case
tapped Munsch Hardt Kopf & Harr, P.C., as counsel.

Tracy A. Bolt of BDO USA, LLP was named as examiner for the
Debtor's case.  At the behest of the U.S. Securities and Exchange
Commission, the U.S. Trustee, and the Creditors Committee, the
Court ordered the appointment of a Chapter 11 trustee.  On March
13, 2015, H. Thomas Moran II was appointed as Chapter 11 trustee
in LPHI's case.  The trustee is represented by Thompson & Knight

The Chapter 11 trustee signed Chapter 11 bankruptcy petitions for
LPHI's subsidiaries on May 19, 2015: Life Partners Inc. (Case No.
15-41995) and LPI Financial Services, Inc. (Case No. 15-41996).

Life Partners is estimated to have $100 million to $500 million in
assets and more than $1 billion in debt.  LPI Financial estimated
less than $50,000.


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S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,

Copyright 2016.  All rights reserved.  ISSN: 1520-9474.

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