Nothing serious to tell or update …. I just saw this photo in our local feed and thought it was funny.

My update is hopefully a smile for you today.

Take care.

2 thoughts on “Just a funny for you

  1. In case you had not seen this, another cash distribution is coming:
    WOODBRIDGE LIQUIDATION TRUST
    Michael I. Goldberg, Liquidation Trustee
    14140 Ventura Boulevard, Suite 302
    Sherman Oaks, California 91423
    April 1, 2020
    FOR IMMEDIATE RELEASE:
    Contact:
    Michael I. Goldberg, Liquidation Trustee
    Woodbridge Liquidation Trust
    Tel: 1-310-765-1550
    Woodbridge Liquidation Trust Announces Cash Distribution
    SHERMAN OAKS, California—April 1, 2020—Woodbridge Liquidation Trust (the “Trust”) announced that its Liquidation Trustee, with the approval of the Trust’s Supervisory Board,
    has declared an aggregate cash distribution of $25,000,000 on the Trust’s Class A Liquidation Trust Interests (the “Class A Interests”). This amount includes a reserve of approximately
    $603,000 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 $2.12 per Class A Interest, and will be paid on or about April 10, 2020 to holders of record of Class A Interests as of close of business on Tuesday, March 31,
    2020.
    Regarding the distribution, the Trust’s Liquidation Trustee Michael Goldberg said, “I am pleased to be able to announce this additional interim distribution to our holders. It was made
    only after considering the liquidity needs of the Trust and its subsidiaries to navigate through the uncertainties of the market. We continue to anticipate making additional distributions
    in the future from time to time.”
    About Woodbridge Liquidation Trust:
    Woodbridge Liquidation Trust is a Delaware statutory trust that, together with its wholly-owned subsidiary Woodbridge Wind-Down Entity LLC, was formed on February 15, 2019 to
    implement the terms of 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 purpose of the Trust is to prosecute various causes of action acquired by the Trust pursuant to the Plan, to litigate and resolve claims filed against the debtors under the Plan, to
    pay allowed administrative and priority claims against the debtors (including professional fees), to receive cash from certain sources and, in accordance with the Plan, to make
    distributions of cash to holders of interests in the Trust subject to the retention of various reserves and after the payment of Trust expenses and administrative and priority claims. For
    more information, visit http://www.woodbridgeliquidationtrust.com.

    Like

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