Below is the announcement that came out hours ago. Hopefully more money to follow soon! Here is the link to the full story. May 11, 2023 05:34 PM Eastern Daylight Time GLENDALE, Calif.--(BUSINESS WIRE)--Woodbridge Liquidation Trust (the “Trust”) announced that its Liquidation Trustee, with the approval of the Trust’s Supervisory Board, has declared an aggregate … Continue reading $25 Million Coming Out June 12th
Siena Drive Sold March 30th
Here is the link to see that one more house closed for us. Just happened on March 30th. https://www.zillow.com/homedetails/638-Siena-Way-Los-Angeles-CA-90077/20526701_zpid/
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
Date of Report : May 16, 2022Woodbridge Liquidation Trust
(Exact name of registrant as specified in its charter) https://finance.yahoo.com/sec-filing/WBQNL/0001140361-22-019773_1785494 I don't know why the trustee didn't get this SEC filing added to the website in a more timely way; but the link above is the 8K filing that talks (briefly) about the latest home sale. Check this out for some details.
Saint Cloud Sold!
Thanks to those who updated me on the very recent sale of 642 St. Cloud Road for $58, 000,000. That is great progress and will of course result in another distribution soon. That's all for now; thanks again for the folks feeding me notes of progress that I don't find. Below is a link for … Continue reading Saint Cloud Sold!
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
Another Sale in late November
The Woodbridge trust had another listing close in late November for $9.46 million; it was listed at $10.75 million. Here's a link to view the property https://www.zillow.com/homes/2600-Hutton-Dr-Beverly-Hills,-CA-90210_rb/20532891_zpid/? I'm still researching a solid answer on when/how the Comerica Bank settlement will come our way ... if anyone knows more on that, buzz me back please.
Small Update on the other Lawsuits
I got a short update from the lawyer who's litigating on behalf of the trustee against the various law firms. Very brief, but the update was the firms he is suing (on your behalf) are wrangling about "Jurisdiction issues", i.e. what court is the proper venue to hear the case. Pretty normal stalling tactics I'm … Continue reading Small Update on the other Lawsuits
$54.5 Million Just Came in!
Woodbridge Liquidation Trust (the “Trust”) agreed to the terms of a settlement of two pending actions against Comerica Bank. The terms of the settlement, reached following negotiations with Comerica Bank and the plaintiffs in a putative class action against Comerica Bank in the United States District Court for the Central District of California (the “District … Continue reading $54.5 Million Just Came in!
Lessons Learned from the Woodbridge Scam 