LevelManager.cs

using UnityEngine;
using System.Collections;

public class LevelManager : MonoBehaviour {

	public GameObject currentCheckPoint;
	private Controller2D player;

	// Particles
	public GameObject deathParticle;
	public GameObject respawnParticle;

	//Respawn Delay
	public float respawnDelay;


	//Point Penalty on Death
	public int pointPenaltyOnDeath;
	
	// Store Gravity Value
	private float gravityStore;


	// Use this for initialization
	void Start () {
		player = FindObjectOfType<Controller2D> ();
	}
	
	// Update is called once per frame
	void Update () {
	
	}

	public void RespawnPlayer(){
		StartCoroutine ("RespawnPlayerCo");
	}

	public IEnumerator RespawnPlayerCo(){
		//Generate Death Particle
		Instantiate (deathParticle, player.transform.position, player.transform.rotation);
		//Hide Player
		player.enabled = false;
		player.GetComponent<Renderer> ().enabled = false;
		// Gravity Reset
		gravityStore = player.GetComponent<Rigidbody2D>().gravityScale;
		player.GetComponent<Rigidbody2D>().gravityScale = 0f;
		player.GetComponent<Rigidbody2D>().velocity = Vector2.zero;
		// Point Penalty
		ScoreManager.AddPoints(-pointPenaltyOnDeath);
		//Debug Message
		Debug.Log ("Player Respawn");
		//Respawn Delay
		yield return new WaitForSeconds (respawnDelay);
		//Gravity Restore
		player.GetComponent<Rigidbody2D>().gravityScale = gravityStore;
		//Match Players transform position
		player.transform.position = currentCheckPoint.transform.position;
		//Show Player
		player.enabled = true;
		player.GetComponent<Renderer> ().enabled = true;
		//Spawn Player
		Instantiate (respawnParticle, currentCheckPoint.transform.position, currentCheckPoint.transform.rotation);
	}
}