I've gotten several people asking for an update on the plethora of lawsuits the Trustee has filed on behalf of (you & your money) the trust. If you remember, one class action is against the bank Shapiro used, Comerica Bank. The other suits are against various lawyers and law firms which drafted various documents to … Continue reading What about all those lawsuits?
Got my check … but with an oops
We all have different U.S.P.S. experiences getting our checks of course. I got mine today but it was dated November 2020. I checked into this a bit and so the trustee released the following. ******************************************************************************************** NOTICE CONCERNING THE JANUARY 27, 2021 DISTRIBUTIONIt has come to our attention that the distribution checks to holders of Woodbridge … Continue reading Got my check … but with an oops
Filing your 2020 Tax Return
January 27, 2021IMPORTANT INFORMATION REGARDING YOUR 2020 INCOME TAX RETURNS The Woodbridge Liquidation Trust (“Trust”) is not, in and of itself, a taxpaying entity. Thefinancial activity (income, deductions, gains and losses) of the Trust is reported proratably for each trust beneficiary for the year on a Trust Grantor Letter, which will be provided by the … Continue reading Filing your 2020 Tax Return
January 27th – First Distribution of 2021
$4.28 per share distribution coming January 27th!
$88 Million Sold!
On December 22, 2020, the bankruptcy Trustee completed three sales of its real estate holdings located at 10080 W. Sunset Blvd. (also known as 141 S. Carolwood Dr.), 10060 W. Sunset Blvd., and 10100 W. Sunset Blvd. in Los Angeles, California to three private entities for an aggregate cash purchase price of $88,000,000. Here's a … Continue reading $88 Million Sold!
For IRA folks
To give a sense of scale, the last distribution from the trustee was mailed out November 6th. So the non IRA folks started getting checks in the mail as early as the 10th or 11th. The IRA folks I know are showing money post to their accounts today (December 1st). So IRA folks just have … Continue reading For IRA folks
4th Distribution of 2020
Check your mail box ... for money!
IRA folks
Quick reminder, when these disributions occur the trustee will create one master check of hundreds of thousands or even millions to the IRA custodian with a report as to how all that money gets posted to the various IRA holders (per the shares they have in the BK trust) ... So don't be surprised when … Continue reading IRA folks
Taxes Taxes
Back in May I wrote an update on the 'mystery tax forms' the bankruptcy trustee was saying they were issuing ... at least the mystery is over 1041 forms are being pushed out. I'll do some research and update with some details on these soon. Greg
What Do You Own …
Most folks will understand that they own shares (of different classes) in the bankruptcy trust, and that the trust owns a bunch of real estate mostly in the Los Angeles area that they are trying to sell. I believe the latest report filed shows some $365 million of real estate is left to sell, and … Continue reading What Do You Own …
