Sales/Settlement of Real Estate Assets On January 30, 2023, the Company entered into an agreement to sell its last single-family home remaining in the Company’s real asset portfolio. The closing of the sale is subject to a number of contingencies, including the satisfactory completion of the purchaser’s due diligence. No assurance can be given that … Continue reading One More Home under contract!
2022 Tax info from the Trustee
Below is what the trustee published this week; if you recall the early years they took way into the summer to get these to us. So March isn't so bad I guess! The Trust is endeavoring to complete its 2022 income tax return prior to the April 18, 2023 incometax return filing deadline. It is … Continue reading 2022 Tax info from the Trustee
Updates …..?
As most of you know I haven't updated in a while - my norm is once a month, sometimes more often. The last communication from the trustee was mid June (the 16th). The only SEC filing was the renewal of the managers contract to operate the trust assets. I have a young lawyer that would … Continue reading Updates …..?
Latest Report Filed
As of March 31, 2022, all of the single-family homes are located in the Los Angeles, California area and two of the single-family homes are under construction. The Company is also completing the construction of one single-family home that was sold in December 2021 and located in New York City and one that was sold … Continue reading Latest Report Filed
Small up Date on Remaining Real Estate
As most of us know getting info from the Trustee's office is .... well, a challenge. But there are a few clews from the 2021 10-Q filing. Here are some highlights. “As of December 31, 2021, the Wind-Down Entity owns three luxury single-family homes that are under construction in the Los Angeles, California area. The … Continue reading Small up Date on Remaining Real Estate
Can I get a little help
I'm trying to track down an idea of how many houses/properties the Trust has yet to sell. I have pursued realtors to visit with me on this - no luck. Looked for some public records, no luck (yet). The June 2021 SEC report had $138 million of real estate owned then; of course the latest … Continue reading Can I get a little help
$65 Million Distribution!
Woodbridge Liquidation Trust Announces Cash Distribution GLENDALE, California—June 16, 2022—Woodbridge Liquidation Trust announced that its Liquidation Trustee, with the approval of the Trust’s Supervisory Board, has declared an aggregate cash distribution of $65 million on the Trust’s Class A Liquidation Trust Interests This amount includes a reserve of approximately $850,000 for amounts that are or … Continue reading $65 Million Distribution!
Tax Filing & Extensions
The trustee just issued the statement below ... just like in the previous years. So this is saying they don't think they will have the trust's IRS filings done by the traditional April filing date and suggest we all do the (return) extension routine again. I haven't found any clues as to the next distribution. … Continue reading Tax Filing & Extensions
Belated Christmas Present for You!
I'm remis I didn't get this posted up to you right at Christmas, I'm a little late - but late with good news. The date on the copy below is December 22nd, but I have an idea it didn't get published up on the system until around the 30th. But read it for yourself - … Continue reading Belated Christmas Present for You!
St. Cloud has a Contract
About a month back the largest of the remaining homes the trust is trying to sell went under contract - it was the 642 Saint Cloud home in Holmby Hills, CA. I have pursued some realtor contacts in California to try to get a whisper of an update ... but I have no update if … Continue reading St. Cloud has a Contract
Lessons Learned from the Woodbridge Scam 