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
One More Home under contract!
Sales/Settlement of Real Estate Assets On January 30, 2023, the Company entered into an agreement to sell its last single-family home remaining in the Company’s real asset portfolio. The closing of the sale is subject to a number of contingencies, including the satisfactory completion of the purchaser’s due diligence. No assurance can be given that … Continue reading One More Home under contract!
2022 Tax info from the Trustee
Below is what the trustee published this week; if you recall the early years they took way into the summer to get these to us. So March isn't so bad I guess! The Trust is endeavoring to complete its 2022 income tax return prior to the April 18, 2023 incometax return filing deadline. It is … Continue reading 2022 Tax info from the Trustee
Well that was productive!
I just posted an hour ago on the Trustee getting out those letters we need to file income tax and I got one person saying they got their letter from the Trustee's office in today's mail ... and this from another person who contacted Colin. (see below) The Trust’s accountants are working on the Grantor … Continue reading Well that was productive!
Taxes for 2022
Several have asked 'will be file our 2022 income taxes on time this year, or have to extend as in past years?' This is a great question for the attorneys who work for the Trustee, here's there contact. (up date me plz with what you find!) Pachulski Stang Ziehl & Jones LLP, Counsel to Woodbridge … Continue reading Taxes for 2022
Updates …..?
As most of you know I haven't updated in a while - my norm is once a month, sometimes more often. The last communication from the trustee was mid June (the 16th). The only SEC filing was the renewal of the managers contract to operate the trust assets. I have a young lawyer that would … Continue reading Updates …..?
Watch Out for Phishing!
In case some had not seen this warning from the trustee in October - I wanted to post it here. Warns us to be careful of bad actors sending out emails purporting to be from the trustee & asking you to click on some link for information. These are folks phishing for access to your … Continue reading Watch Out for Phishing!
Latest Report Filed
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
Small up Date on Remaining Real Estate
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
Tax Disclosures from Trustee
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.
IRA’s Can Take a Bit to show
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
Lessons Learned from the Woodbridge Scam 