Check your mail box late next week … for money.
Woodbridge Liquidation Trust (the “Trust”) has declared an aggregate cash distribution of $30,000,000 on the Trust’s Class A Liquidation Trust Interests (the “Class A Interests”). This amount includes a reserve of approximately $469,000 for the issuance of additional Class A Interests based on estimated bankruptcy claims.
The distribution amounts to $2.56 per Class A Interest, and will be paid on or about November 6, 2020 to holders of record of Class A Interests as of close of business on Friday, October 30, 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. We continue to anticipate making additional distributions in the future from time to time.”
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Lessons Learned from the Woodbridge Scam 
Thank u for keeping us informed. !
Sent from my iPhone
Martin V.Cohen, Ph.D. Clinical Psychologist 212-662-3496 917-863-6820
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happy to help, BUT that should have read “check your mail box late NEXT week” as the checks go out Nov 6th. I corrected the post later.
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Since the disbursements won’t be made until Nov. 6, it is unlikely they will arrive in mailboxes before early next week at the soonest.
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totally! I corrected that to read ‘next week’ … I fat fingered that one. 😉
thx for noticing
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Thank you for keeping us up to date!
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you bet
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That’s great, always appreciate the update. Is there anyway to get an idea of the percent of our investment we will get back and any word on progress of lawsuits. I am trying to retire in the next few months it would help to know. Thanks Danny Carney
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Well the big variable here are all the law suits the trustee has cooking – see “What you own” on my blog here.
If say 20% of those collect for us we will be at 200% of investment back to us (includes the real estate getting sold, cash on hand etc. understand)
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Have not been sent to Provident Trust yet. Wonder if you are aware of any way that someone who had all of their Woodbridge money in an IRA account might avoid including the total amount in computing annual RMD? It seems terribly unfair to have to include a balance that we will never fully collect on. Any information appreciate Thanks Marty Sent from my iPhone
Martin V.Cohen, Ph.D. Clinical Psychologist 212-662-3496 917-863-6820
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I get that! The value you see there was supplied by the Trustee – via the agreement with the Court. So they are doing some calculus as to the value of the real estate to sell and cash on hand.
more or less nothing we can do about that, sorry
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