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 … Continue reading Mr. Goldberg said …
WBQNL
SHERMAN OAKS, California— May 7, 2020—Woodbridge Liquidation Trust (the “Trust”) announced today that its Class A Liquidation Trust Interests (the “Class A Interests”) have been approved by the Depository Trust Company as eligible for Direct Registration System (“DRS”) services. The Class A Interests are quoted on OTC Link® ATS under the trading symbol WBQNL. With … Continue reading WBQNL
IRS form Mystery continues
If any of you have a clue on what the mystery IRS form the bankruptcy trustee mentioned back on February 2nd, that we needed to file with our 2019 tax returns ... chime in. I've yet to find any details. Comment back if you know more for the group.
Trust Distributions posting quickly for IRA’s
I'll chalk it up to a slow business volume for the folks working in the self directed IRA custodian shops .... but in the past when the bankruptcy trust made a distribution, the time lag for folks to get their money posted into their account could take 2 weeks or more. This last distribution seems … Continue reading Trust Distributions posting quickly for IRA’s
No April Fools joke! April 1, 2020— Trust declared an aggregate cash distribution
Woodbridge Liquidation Trust Announces Cash Distribution SHERMAN OAKS, California—April 1, 2020—Woodbridge Liquidation Trust (the “Trust”) announced that its Liquidation Trustee, with the approval of the Trust’s Supervisory Board, has declared an aggregate cash distribution of $25,000,000 on the Trust’s Class A Liquidation Trust Interests (the “Class A Interests”). This amount includes a reserve of approximately … Continue reading No April Fools joke! April 1, 2020— Trust declared an aggregate cash distribution
Just a funny for you
Nothing serious to tell or update .... I just saw this photo in our local feed and thought it was funny. My update is hopefully a smile for you today. Take care.
Still no clue on ‘tax forms’
I am trying to research what 2019 tax forms the Bankruptcy Trustee is creating for us. Not had much luck yet - not unusual for one of you to know more than I on a given Trustee topic .... Share what you know I guess.
No One’s going to like this
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!
