Great news (I feel), on Monday I learned the Delaware bankruptcy court approved or adopted the rehabilitation plan presented to all of us based on positive ballots received.

I feel this is great news as this plan was agreed to by all the internal groups or parties  – thus no internal litigation between Unit, Noteholders, general creditors, or Woodbridge. Now the real estate managers can kick into high gear – no more waiting.

They have a seasoned set of real estate managers that can start marketing properties & completing fix & flips (per the plan).

We should have solid updates monthly I’m guessing on property sales.    Seems (to me) like the hard part of this effort is past.

The latest: Woodbridge Bankruptcy Updates & News

 

One thought on “Good News on the Chapter 11 rehabilitation plan

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