Narrative Opinion Summary
The case concerns a notice of stay filed with the Supreme Court of Texas by Life Partners, Inc., Life Partners Holdings, Inc., Brian D. Pardo, and R. Scott Peden, collectively referred to as the Relators. This notice was submitted following Life Partners Holdings, Inc.'s initiation of a Chapter 11 bankruptcy proceeding, officially filed on January 20, 2015, in the United States Bankruptcy Court for the Northern District of Texas, Fort Worth Division. The legal action effectively places a stay on any ongoing proceedings involving the company, as mandated by bankruptcy law. The notice, prepared by attorneys G. Kevin Buchanan, Chad T. McLain, and Charles “Chad” Baruch, was accompanied by a Certificate of Service, ensuring that all relevant parties, including their counsel and the presiding judge, were notified in compliance with Rule 9.5 of the Texas Rules of Appellate Procedure. This procedural step underscores the adherence to legal protocols concerning bankruptcy filings and the requisite notifications to involved parties.
Legal Issues Addressed
Bankruptcy Stay under Chapter 11subscribe to see similar legal issues
Application: Life Partners Holdings, Inc. filed for Chapter 11 bankruptcy, which triggers an automatic stay on legal proceedings involving the company.
Reasoning: This notice informs the Court that Life Partners Holdings, Inc. has initiated a Chapter 11 bankruptcy proceeding, filing a Voluntary Petition on January 20, 2015, in the United States Bankruptcy Court for the Northern District of Texas, Fort Worth Division (Case No. 15-40289-rfn-11).
Notice and Service Requirementssubscribe to see similar legal issues
Application: The notice of bankruptcy filing was duly served to all relevant parties and their legal representatives as per procedural rules.
Reasoning: The filing includes a Certificate of Service, confirming that copies of the notice were sent to relevant parties and their counsel, including James Craig Orr Jr. and Mark W. Allan, as well as the Honorable Gena Slaughter, Judge of the 191st Judicial District Court.