Real Estate Asset Liquidation: Since the Plan Effective Date, the Wind-Down Subsidiaries have disposed of approximately 150 properties for aggregate net sales proceeds of approximately $576.80 million. As of June 30, 2025, the Company owned one real estate asset with a net carrying value of approximately $0.24 million. Construction Defect Claim: The Development Entity is … Continue reading Construction Defect Update
Details on the Construction Defect suit
Below are some paragraphs from the trustee on the construction defect law suit - lodged against us essentially, on one of the houses the Trustee completed and sold. Positive news I feel & wanted to pass this along. This law suit is the hold up on the Trustee making more distributions out to us - … Continue reading Details on the Construction Defect suit
10 Q Published
The periodic 10Q report was published recently. The excerpt below is from page 19 and 20. As you can read the damn construction defect claim is still dragging on. This is the impediment to the Trustee kicking out more distributions. Ugh! Here's the link http://chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://woodbridgeliquidationtrust.com/wp-content/uploads/2025/05/AS-FILED-EF20047605-Woodbridge-Liquidation-Trust-10-Q.pdf Construction Defect Claim On April 21, 2025, the initial case … Continue reading 10 Q Published
Checks In the Mail
I didn't have a chance yet to research what the Trustee has posted, but I got a Woodbridge check today. Just wanted to see if others who know more could comment on what these were from. Comment if you know details ....
In Case you hadn’t seen the latest Memo regarding 2024 income tax reporting.
WOODBRIDGE LIQUIDATION TRUST Michael I. Goldberg, Liquidation Trustee 201 North Brand Avenue, Suite M Glendale, California 91203 January 15, 2025 To Holders of Interests in the Woodbridge Liquidation Trust: IMPORTANT INFORMATION REGARDING THE 2024 GRANTOR LETTERS Please be advised that the Woodbridge Liquidation Trust (the “Trust”), as it has in previous years, will be providing … Continue reading In Case you hadn’t seen the latest Memo regarding 2024 income tax reporting.
Memo Released Yesterday
Below is the link to a 3 page memo the trustee released yesterday. Basically says they are making this $4.1 million dollar distribution yet in December out to us. But due to the construction defect claim they have on one of the houses they sold (for us) they have to suspend distributions until they get … Continue reading Memo Released Yesterday
I wouldn’t call this great news, but …
On August 3, 2023, the Supervisory Board, at the recommendation of the Liquidation Trustee, suspended the making of additional Trust distributions to Interestholders, pending the result of the investigation of a construction defect claim asserted against the Development Entity by the buyer of a single-family home sold by the Development Entity.Holders of Liquidation Trust Interests … Continue reading I wouldn’t call this great news, but …
A $5,000,000 legal settlement minus attorney fees was reached July 3rd.
See the July 10th filing with the SEC. The trust appears to be sitting on a large sum of money, with no firm distribution plan, based on a decision to stop payments in part by a construction defect lawsuit brought by a homeowner of one of the fix/flip projects completed and sold in 2022. On … Continue reading A $5,000,000 legal settlement minus attorney fees was reached July 3rd.
Income Tax Notices Are Here
Just an FYI for any that are still wondering, the Trustee's income tax info has arrived for most everyone I know on the last two mail days. If you haven't gotten yours by say Tuesday's mail ... you might need to go on the website and see that they have your address correct.
Extension of the Trustee
Recently the Trustee office issued its 10-Q https://woodbridgeliquidationtrust.com/wp-content/uploads/2024/02/AS-FILED-Woodbridge-Liquidation-Trust-Q2-2024.pdf communication stating, among other items that 1. they have right at $40 million of cash, 2. one more piece of real estate to settle, 3. still several of the law suites filed on our behalf against the various law firms, and 4. a newer development - one … Continue reading Extension of the Trustee
Lessons Learned from the Woodbridge Scam 