I am doing research on the anticipated date of the next cash distribution from the Woodbridge rehabilitation trust, and the realistic answer is probably August. I would like to be able to say distributions would be made regularly every quarter, but getting the real estate sold is the issue at hand. The story, as of now, … Continue reading Next Distribution …
Checks are coming in!
I heard from a friend, in another state, that he got his distribution check from the Rehabilitation Trust in yesterday's mail. So good news on that timing. Folks around the nation may take an extra day or so for the U.S. mail to make it.
Update from Fred Chen
Update from Fred Chen on when the first distributions are likely to roll out from the Rehab Trust
January Appears to be the Goal
On October 26, 2018, the Bankruptcy Court entered an order confirming the Woodbridge Chapter 11 plan of liquidation. Counsel for debtors (or the lawyers representing Woodbridge in the Chapter 11 in other words) have represented that they anticipate emerging from Chapter 11 bankruptcy, and commencing initial cash distributions, in the first quarter of 2019. ⁃ … Continue reading January Appears to be the Goal
Updates and Changes with Bankruptcy Court / Rehabilitation Trust
If you need to update the folks handling the Woodbridge rehabilitation plan of say changes with your mailing address, name change etc. the website link to use is: http://cases.gardencitygroup.com/wgc/Also there is a phone # Toll Free: 1-888-735-7613 - but I personally haven't had that really ever solve a problem when I have tried it ... things could … Continue reading Updates and Changes with Bankruptcy Court / Rehabilitation Trust
Real Estate Progress
Several properties are 'in escrow' to close
Rehab Plan Confirmed by Court … also on appeal to district court
The Delaware Bankruptcy court confirmed (or adopted) the rehabilitation plan - so this now goes from a 'plan' to a court order. There were some dissenting appeals by certain folks to have their specific Woodbridge loans paid in full and not be part of 'the plan.' The court rejected these in a long well reasoned … Continue reading Rehab Plan Confirmed by Court … also on appeal to district court
