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
$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!
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
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
IRS form 4684
I amazed myself that I was able to get one of the attorneys for the Woodbridge trust to respond to my question this morning, on the timing of the IRS forms going out (so folks can file their taxes for 2020). Good news is those forms optimistically will be in the mail to us a … Continue reading IRS form 4684
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!
Filing your 2020 Tax Return
January 27, 2021IMPORTANT INFORMATION REGARDING YOUR 2020 INCOME TAX RETURNS The Woodbridge Liquidation Trust (“Trust”) is not, in and of itself, a taxpaying entity. Thefinancial activity (income, deductions, gains and losses) of the Trust is reported proratably for each trust beneficiary for the year on a Trust Grantor Letter, which will be provided by the … Continue reading Filing your 2020 Tax Return
$88 Million Sold!
On December 22, 2020, the bankruptcy Trustee completed three sales of its real estate holdings located at 10080 W. Sunset Blvd. (also known as 141 S. Carolwood Dr.), 10060 W. Sunset Blvd., and 10100 W. Sunset Blvd. in Los Angeles, California to three private entities for an aggregate cash purchase price of $88,000,000. Here's a … Continue reading $88 Million Sold!
Lessons Learned from the Woodbridge Scam 