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
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
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.
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.
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
Extension Request
Trust is still pursuing several Liquidation Trust Actions, the prosecution of which is not expected to be completed by the Termination Date. For example, although the Trust has settled with the majority of the defendants in the Law Firm Action, significant claims against remaining defendants have not been resolved. In addition, the Liquidation Trust is … Continue reading Extension Request
No Real Update on Distributions Yet
On August 3, 2023, at the recommendation of the Liquidation Trustee, the Trust suspended the making of additional Trust distributions pending the result of the investigation of a construction defect claim asserted against one of the Wind-Down Subsidiaries by the buyer of one of the subsidiary's single-family homes.Since its inception, the Wind-Down Entity has made … Continue reading No Real Update on Distributions Yet
$17 million Coming Our Way
On August 1, 2023, Woodbridge Liquidation Trust (the “Trust”) agreed to settle its pending litigation against the defendant law firm Davis Graham & Stubbs LLP and its partner S. Lee Terry, Jr. in the case of Goldberg v. Halloran & Sage LLP, et al., Case No. 19STCV42900 (Cal. Super. Ct., L.A. Ctny.) (the “Action”). In … Continue reading $17 million Coming Our Way
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/
Lessons Learned from the Woodbridge Scam 