Last Friday the manager of the trust decided it was time to release another $53 million out to us.   Seems a little ambitious to me, but they are saying to expect checks kicked out by January 10th.    See below

 

Woodbridge Liquidation Trust Announces Cash Distribution

SHERMAN OAKS, California—January 3, 2020—Woodbridge Liquidation Trust (the “Trust”) announced that its
Liquidation Trustee, with the approval of the Trust’s Supervisory Board, yesterday declared an additional interim
aggregate cash distribution of $53,426,092 on the Trust’s Class A Liquidation Trust Interests (the “Class A
Interests”). This amount includes a reserve of approximately $1,602,860 for the issuance of additional Class A

Interests based on estimated bankruptcy claims subject to future allowance pursuant to the First Amended Joint
Chapter 11 Plan of Liquidation dated August 22, 2018 of Woodbridge Group of Companies, LLC and its Affiliated
Debtors (the “Plan”).

The distribution amounts to $4.50 per Class A Interest, and will be paid on or about January 10, 2020 to holders of
record of any Class A Interests as of close of business on Friday, January 3, 2020.

12 thoughts on “Great News!

  1. Good afternoon
    Can you tell me if you are seeing the same nonsense? Every time I get something from the trust the percentage of what we may get is dropping,. What are they bases this on speculation or what is left in the trust. The people that are overseeing this are still getting a large portion of the money which is ridculious.

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  2. The longer it takes for the Trust to “unwind”, the more administrative costs and lawyer fees. Real estate values haven’t changed that much. If we ever see money from some of the Woodbridge lawyers that are getting sued, it may help substantially.

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  3. Thanks for the post Greg,
    My Parents lost a few hundred Thousand and my Dad just past this Veterans day,
    I appreciate your website very much
    Chris Ruggiero

    Sent from my iPhone

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    1. Happy to help … I and my family are in this north of a million.
      I do a lot of work with (war) veterans that are in assisted living to help them apply for VA benefits … my dad was a war vet with parkenson’s and expired after close to 9 years in asst. living.
      Most vet’s / families don’t know about the benefits.

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  4. Interesting that the distribution comes on the final day of the Contrarian offer, apparently diluting it from $10.00 to $5.50. Maybe a tactic to appease note holders who have received back very little to date.

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  5. Any thoughts about the delay in the distributions or h
    ave any of the note-holders received their appeasements? Greg, we are indebted to your posts for the information we have been privy to; thank you very much for keeping all of us informed. I haven’t received any information from the folks who “assisted in our investment opportunity” since just after this began.
    Blessings,
    Raymond Halle

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