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.
Victims of the lending scam perpetrated by the Woodbridge Group of Companies are in store for good news. The Group, along with its affiliated debtors, announced in February that it had emerged from Chapter 11 bankruptcy. The announcement was made after the United States Bankruptcy Court for the District of Delaware approved the Group’s liquidation … Continue reading Insider: Initial Woodbridge Distribution Confirmed for First Quarter of 2019
We are not tax advisors, the following is an attempt to help folks get started with their tax advisor on how to claim loss (tax deductions) for previous interest claimed from Woodbridge 1099's. We believe the correct form for this is 2009-20. Scroll down to the bottom to find the form. What follows is a … Continue reading How to Recover Past Taxes paid on Woodbridge 1099 Interest
For the many victims of the lending scam perpetrated by the Woodbridge Group of Companies, a recent federal court judgment is a ray of hope. The judgment announced on January 28, 2019 in a U.S. District Court in Florida, levies stiff financial penalties on the company, its subsidiaries, and its former owner, Robert Shapiro. Woodbridge … Continue reading Florida Court Announces Penalties Against Woodbridge, Shapiro
Are you a noteholder, unitholder, or investor in Woodbridge Wealth / Group of Companies? Looking for the latest updates on the impending Chapter 11 bankruptcy? Interested in the latest lawsuit news? Wanting an update on when your settlement payments will arrive? Look no further. Welcome to 'Lessons Learned', a website designed to help provide the … Continue reading Woodbridge Bankruptcy Update: Timeline, Latest News & More
Update from Fred Chen on when the first distributions are likely to roll out from the Rehab Trust
On October 26, 2018, the Bankruptcy Court entered an order confirming the Woodbridge Chapter 11 plan of liquidation. Counsel for debtors (or the lawyers representing Woodbridge in the Chapter 11 in other words) have represented that they anticipate emerging from Chapter 11 bankruptcy, and commencing initial cash distributions, in the first quarter of 2019. ⁃ … Continue reading January Appears to be the Goal