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
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.
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
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.
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
Lessons Learned from the Woodbridge Scam 