lower rates to borrow for real estate favor the Liquidation of the trust properties
https://dockets.justia.com/docket/california/cacdce/2:2019cv03439/744620 https://www.pacermonitor.com/public/case/27979731/Goldberg_v_Comerica_Bank All, I write with some good news. In late April, the trustee for the Liquidation Trust sued Comerica Bank. This case will probably supersede the various class actions that were earlier filed by different class groups. Of course this is early, but this will only offset all WB plaintiff damages further. We‘ll … Continue reading Comerica Suit filed
I am doing research on the anticipated date of the next cash distribution from the Woodbridge rehabilitation trust, and the realistic answer is probably August. I would like to be able to say distributions would be made regularly every quarter, but getting the real estate sold is the issue at hand. The story, as of now, … Continue reading Next Distribution …
The Woodbridge Group of Companies investment scam has impacted thousands of people across the United States over the past several years. Woodbridge, a commercial real estate development firm, bilked investors out of nearly $2 billion in an elaborate Ponzi scheme. Company owner Robert H. Shapiro was arrested on April 11th and charged by the U.S. … Continue reading New Criminal Filings in the Woodbridge Fiasco
The Woodbridge ponzi is starting (at least) to unwind. The SEC is more or less out at this point as well as the Chapter 11 bankruptcy court; the real estate crew is now driving this rehabilitation trust effort. As I understand it, the listings in Colorado are selling like hot cakes and closing fast. The … Continue reading Progress
If you are hearing about everyone getting distributions from the Woodbridge Chapter 11 rehabilitation trust and you checked your IRA account and don't see anything ... hold on. The way these generally work, the IRA custodian gets ONE master check from Woodbridge with a break down of all the SSN's (people) contained in that one … Continue reading Self directed IRA’s with Custodians
I heard from a friend, in another state, that he got his distribution check from the Rehabilitation Trust in yesterday's mail. So good news on that timing. Folks around the nation may take an extra day or so for the U.S. mail to make it.