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
As of March 31, 2022, all of the single-family homes are located in the Los Angeles, California area and two of the single-family homes are under construction. The Company is also completing the construction of one single-family home that was sold in December 2021 and located in New York City and one that was sold … Continue reading Latest Report Filed
As most of us know getting info from the Trustee's office is .... well, a challenge. But there are a few clews from the 2021 10-Q filing. Here are some highlights. “As of December 31, 2021, the Wind-Down Entity owns three luxury single-family homes that are under construction in the Los Angeles, California area. The … Continue reading Small up Date on Remaining Real Estate
Just a quick note in case it is helpful to some ... the trustee's 2021 income tax dox are arriving in the mail just now. Some have slower U.S. mail than others ... so this is just an FYI. These show your distributions and accounting for costs/losses. No tax advice, just a heads up.
I'm getting lots of input that folks are getting checks in the last two days (U.S. mail cycle). Just a reminder, that if you own these shares in an IRA - that custodian will take a week or so to get every one's individual account posted. The custodians receive a large (sometimes multi million dollar) … Continue reading IRA’s Can Take a Bit to show
I'm trying to track down an idea of how many houses/properties the Trust has yet to sell. I have pursued realtors to visit with me on this - no luck. Looked for some public records, no luck (yet). The June 2021 SEC report had $138 million of real estate owned then; of course the latest … Continue reading Can I get a little help
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!
(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.
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!
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.
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