In a statement, Mr. Goldberg said, “DRS services should enable trades in the Class A Interests to be settled more quickly and efficiently. While we
are pleased to be able to facilitate the settlement of trades in this way
*************************************************************************************
I know it’s not really an ‘update’ but on Friday the above was part of an SEC filing for the bankruptcy trust. Just reiterates the goal of making your shares in the Trust negotiable or transferable. I have yet to find a broker/dealer (think Merrill Lynch, UBS, Edward Jones) that will host or what’s called “make a market” in this security.
If you know more comment; but that’s is what is really needed to complete this plan of being able to buy & sell these Trust interests.
Back when I know more.
Lessons Learned from the Woodbridge Scam 
WOODBRIDGE LIQUIDATION TRUST
Michael I. Goldberg, Liquidation Trustee
14140 Ventura Boulevard, Suite 302
Sherman Oaks, California 91423
May 20, 2020
VIA WEB POSTING
IMPORTANT UPDATE REGARDING YOUR 2019 INCOME TAX RETURNS
Dear Holder of a Liquidation Trust Interest:
On February 3, 2020, Woodbridge Liquidation Trust (the “Trust”) posted a bulletin on its
website outlining the federal and state income tax treatment of beneficiaries of the Trust. If you
have general questions about the taxation of liquidating trusts, I would encourage you and your
tax accountants to refer to this February 3, 2020 bulletin . You can find the bulletin by going to
https://woodbridgeliquidationtrust.com and clicking on “Reports and Letters by the Liquidation
Trustee.”
The Trust’s accountants are currently engaged in preparing the required 2019 tax returns for all
pre-effective date and post-effective date entities under control of the Trust. It is anticipated that
the 2019 income tax returns and accompanying Grantor Letters for the Trust will be completed
by early September 2020. At that time, Grantor Letters will be provided to beneficiaries of the
Trust.
Earlier in the year, the Internal Revenue Service and many state taxing authorities granted to
taxpayers an extension of time to file 2019 income tax returns until July 15, 2020. It is not
anticipated that the 2019 income tax return for the Trust will be completed prior to the extended
July 15, 2020 tax return filing deadline. Therefore, it would be advisable for each Trust
beneficiary to request an additional extension of the filing due date from appropriate federal and
state taxing authorities.
PLEASE CONSULT YOUR TAX ADVISOR.
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thanks for this!
funny how different folks find little snatches of info from on-line sources.
greg
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Also if I sell the stock am I no longer entitled to future distributions by the trust or as my selling the stock mean I am out
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yes that’s true
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