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.

 

2 thoughts on “Mr. Goldberg said …

  1. 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.

    Like

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