Condensed and Consolidated Financial Statements for Entities in Bankruptcy (Tables)

9 Months Ended

Aug. 31, 2020

Condensed Financial Information of Debtor-in-Possession Disclosure [Abstract]

Schedule of Condensed and Consolidated Financial Information for Lamington Road DAC

Condensed consolidated financial information for Lamington Road DAC is set forth below, presented at historical cost basis.

Lamington Road DAC

(Debtor-in-Possession)

Condensed and Consolidated Statements of Operations

	Three Months Ended August 31,		Three Months Ended August 31,		Nine Months Ended August 31,		Nine Months Ended August 31,
	2020		2019		2020		2019
Change in fair value of life settlements (Notes 11 & 16)	$	—	$	12,985	$	—	$	(16,841)
Change in fair value of investment in limited partnership (Note 10 &15)	—		15,352		—		15,352
Realized Gain on Life Settlements, Net	—		21,336		—		21,336
Other income	—		345		—		709
Total income	—		50,018		—		20,556
Interest expense	—		23,331		—		28,331
Change in fair value of White Eagle Revolving Credit Facility (Notes 12 & 16)	—		(26,586)		—		17,094
Loss on extinguishment of debt	—		7,360		—		7,360
Reorganization cost	—		4,769		—		13,954
Legal fees	—		158		—		890
Professional fees	—		659		—		1,549
Administrative service fees - affiliate	—		—		—		2,765
Other general and administrative expenses	—		(71)		—		469
Total expenses	—		9,620		—		72,412
Income taxes	—		—		—		—
(Loss) income	$	—	$	40,398	$	—	$	(51,856)

Lamington Road DAC

(Debtor-in-Possession)

Condensed and Consolidated Statements of Cash Flows

	Nine Months Ended August 31,		Nine Months Ended August 31,
	2020		2019
Net cash used in operating activities	$	—	$	(58,793)
Cash flows from investing activities
Premiums paid on life settlements	—		(69,827)
Proceeds from maturity of life settlements	—		92,505
Net cash provided by/(used in) investing activities	$	—	$	22,678
Cash flows from financing activities
Repayment of borrowings under White Eagle Revolving Credit Facility	—		(1,804)
Borrowings from White Eagle Revolving Credit Facility	—		4,221
Cash distributed to Parent Company	—		(21)
Net cash provided by financing activities	$	—	$	2,396
Net increase (decrease) in cash and cash equivalents	—		(33,719)
Cash and cash equivalents, at beginning of the period	—		33,719
Cash and cash equivalents, at end of the period	$	—	$	—
Supplemental disclosures of cash flow information:
Cash paid for interest during the period	$	—	$	28,331
Supplemental disclosures of non-cash financing activities:
Repayment of White Eagle Revolving Credit Facility by third party from proceeds of sale of life settlement	$	—	$	366,821
White Eagle early extinguishment fees paid by third party from proceeds of Class D Shares	$	—	$	7,360