What is below was released Monday late. As you will read they want us all to file for an IRS extension to our 2019 tax filing so this trust can get your IRS forms out to you. I'm just the piano player - I didn't write the music. ************************************************************************************* —February 3, 2020—Woodbridge Liquidation Trust … Continue reading No One’s going to like this
Input for you on the Contrarian offer
What follows is a warning/advisement/etc. from the trustee on how the Contrarian offer works in case you are considering accepting their offer. From memory, if you take the Contrarian offer all distributions after Dec 28th of last year are theirs to keep (I may be off on the date - but the point is the … Continue reading Input for you on the Contrarian offer
Great News!
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 … Continue reading Great News!
Info for you on Contrarian offer
Michael Goldberg will be posting some sort of comment on the Contrarian offer many received at this site: Woodbridge Liquidation Trust site I believe the schedule for this is late today or tomorrow.
How do I look ….?
There's an old adage that goes - Don't ask a barber if you need a hair cut. As you consider selling your shares in the bankruptcy trust be judicious who you take input from. I'm hearing folks ping me with lots of comments from the people at the firm offering to purchase Woodbridge Liquidation … Continue reading How do I look ….?
Offer from Contrarian Capital
NOTHING THAT FOLLOWS CAN BE TAKEN AS INVESTMENT ADVICE. YOUR PERSONAL DUE DILIGENCE IS REQUIRED TO DECIDE TO KEEP OR SELL AN INTEREST IN THE Woodbridge Liquidation Trust Many folks (but apparently not all) in the Woodbridge note program received a large packet in the U.S. mail this week offering to purchase your interest in … Continue reading Offer from Contrarian Capital
November Report
November Trust Report Above is the link to the November report - not saying this will satisfy anyone. Looks like a lot of construction efforts - hopefully leading to plump sales for the Trust, right! I'm waiting to see a line item of significant money added in from Shapiro assets. I'll try to get … Continue reading November Report
Registration Filed with SEC today
The registration application to the SEC to create 'shares' of the bankruptcy (BK) trust will be filed today. As I understand it, this process will create ownership shares in the BK trust so that owners can buy and sell interest ... the stated benefit being to create liquidity i.e. the ability to sell or … Continue reading Registration Filed with SEC today
Here’s today’s news
Tuesday, October 15, 2019 BREAKING: Ex-Woodbridge CEO Gets 25 Years For $1.3B Ponzi Scheme Former Woodbridge Group owner and CEO Robert H. Shapiro was sentenced Tuesday to 25 years in prison for orchestrating a Ponzi scheme that raised $1.3 billion from more than 8,000 investors, resulting in approximately $470 million in losses to them.
Some update for us
"Should be public within 60 days. We are working on (fixing and) selling homes. Not sure when the next distribution will be." That is the update today from Michael Goldberg the manager of the bankruptcy trust. So bad news is the next distribution is not targeted - good news is the effort to make the … Continue reading Some update for us
