Reliant Life Shares, LLC, a Sherman Oaks, California-based life settlement company formed in 2011, filed for Chapter 11 protection on October 7, 2024 in the Central District of California (Case No. 1:24-bk-11695-MB) before Judge Martin R. Barash. The company faced competing claims from a $15.39 million judgment creditor (Daniel Cooper, affirmed April 2023) and approximately 1,085 investor claims worth $118 million. Following a 2023 receivership appointment and transition to a pooled trust structure, Reliant operated a portfolio of 23 life insurance policies maintained by 442 investors with approximately $53.8 million in benefits. A Rule 9019 compromise allowed Cooper claims of $5M secured plus $10M unsecured with capped recovery. The Second Amended Plan of Liquidation was confirmed December 29, 2025, establishing a dual trust architecture: a Liquidating Trust for Plan Assets distribution and a separate New Trust for policy administration. Seven policies (~$27M death benefits) were identified for sale with 50% of proceeds to Cooper. The plan became effective January 13, 2026.