February 8 the Trustee announced that $40 million will be coming out to us "on or about March 1st." This amounts to $3.44 per Class A Interest to folks who were holders of that class as of February 22nd 2022. I'm guessing (just a guess) that more will come in June-ish should the large house … Continue reading $40 Million Distribution March 1
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
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
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.
Distribution is Here
Just a quick note ... looks like the June 15th distribution was out prompt. I'm seeing several folks post in that their checks arrived. Stay cool. Here's to the next distribution!
1471 Forrest Knoll Dr.
I'm trying to pull together a survey of properties listed by the Trustee that are yet to sell. The link below is for Forrest Knoll in LA, listed for $28.5 million I also heard directly from a realtor at this same brokerage company that the Trustee should be listing two more with them "any day" … Continue reading 1471 Forrest Knoll Dr.
January 27th – First Distribution of 2021
$4.28 per share distribution coming January 27th!
Asset Report Out
On the 7th the trustee released its report of the assets, cash, transactions, etc. I haven't really reviewed it but here's the link March 31 asset report Back soon when I have some input on this.
Still no clue on ‘tax forms’
I am trying to research what 2019 tax forms the Bankruptcy Trustee is creating for us. Not had much luck yet - not unusual for one of you to know more than I on a given Trustee topic .... Share what you know I guess.
Registration Filed with SEC today
The registration application to the SEC to create 'shares' of the bankruptcy (BK) trust will be filed today. As I understand it, this process will create ownership shares in the BK trust so that owners can buy and sell interest ... the stated benefit being to create liquidity i.e. the ability to sell or … Continue reading Registration Filed with SEC today
Lessons Learned from the Woodbridge Scam 