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
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
Can I get a little help
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
$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
Lessons Learned from the Woodbridge Scam 