Note: NOTHING THAT FOLLOWS CAN BE TAKEN AS INVESTMENT ADVICE. YOUR PERSONAL DUE DILIGENCE IS REQUIRED TO DECIDE TO KEEP OR SELL AN INTEREST IN THE Woodbridge Liquidation Trust Are you a noteholder, unitholder, or investor in Woodbridge Wealth / Group of Companies? Looking for the latest updates on the impending Chapter 11 bankruptcy? Are … Continue reading Woodbridge Bankruptcy Update: Timeline, Latest News & More
$65 Million Distribution!
Woodbridge Liquidation Trust Announces Cash Distribution GLENDALE, California—June 16, 2022—Woodbridge Liquidation Trust announced that its Liquidation Trustee, with the approval of the Trust’s Supervisory Board, has declared an aggregate cash distribution of $65 million on the Trust’s Class A Liquidation Trust Interests This amount includes a reserve of approximately $850,000 for amounts that are or … Continue reading $65 Million Distribution!
Date of Report : May 16, 2022Woodbridge Liquidation Trust
(Exact name of registrant as specified in its charter) https://finance.yahoo.com/sec-filing/WBQNL/0001140361-22-019773_1785494 I don't know why the trustee didn't get this SEC filing added to the website in a more timely way; but the link above is the 8K filing that talks (briefly) about the latest home sale. Check this out for some details.
Saint Cloud Sold!
Thanks to those who updated me on the very recent sale of 642 St. Cloud Road for $58, 000,000. That is great progress and will of course result in another distribution soon. That's all for now; thanks again for the folks feeding me notes of progress that I don't find. Below is a link for … Continue reading Saint Cloud Sold!
Up Date Soon
I will try to have a meaningful update soon on the progress of the various law suites the trustee is pursuing on our behalf. I have exchanged several email with Skip - seems like a great litigator to lead our efforts.
Tax Info from Trustee
Just a quick note to say that I'm seeing most folks by now have received the 2021 tax information. This shows your distributions in '21 and the various losses that are deductible to you. Some folks took advantage of form 2009 (so called the Bernie Madoff rule) where you could take a 100% loss on … Continue reading Tax Info from Trustee
Snail Mail
Most are getting their checks this week I'm hearing. If you haven't give that USPSnail a day or two.
Article on the Various Law Suites Pending
Miller Barondess Files Lawsuit Against Numerous Law Firms for Aiding and Abetting Billion Dollar Ponzi Scheme Above is the title of the 2019 article describing the various lawsuits that the Trustee filed back in 2019. I spoke to Skip Miller late last year for some updates on these efforts. He was very positive, describing that … Continue reading Article on the Various Law Suites Pending
$85 Million
If I'm reading the latest SEC report (the trustee filed) correctly the Trust has $85 million of real estate left to sell as of December 31st. So that will give you an idea of how much property is still owned/listed for sale etc. by the trust. They also have about $54 million in the check … Continue reading $85 Million
$40 Million Distribution March 1
February 8 the Trustee announced that $40 million will be coming out to us "on or about March 1st." This amounts to $3.44 per Class A Interest to folks who were holders of that class as of February 22nd 2022. I'm guessing (just a guess) that more will come in June-ish should the large house … Continue reading $40 Million Distribution March 1
Tax Filing & Extensions
The trustee just issued the statement below ... just like in the previous years. So this is saying they don't think they will have the trust's IRS filings done by the traditional April filing date and suggest we all do the (return) extension routine again. I haven't found any clues as to the next distribution. … Continue reading Tax Filing & Extensions
Lessons Learned from the Woodbridge Scam 