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
Can I get a little help
I'm trying to track down an idea of how many houses/properties the Trust has yet to sell. I have pursued realtors to visit with me on this - no luck. Looked for some public records, no luck (yet). The June 2021 SEC report had $138 million of real estate owned then; of course the latest … Continue reading Can I get a little help
$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
Belated Christmas Present for You!
I'm remis I didn't get this posted up to you right at Christmas, I'm a little late - but late with good news. The date on the copy below is December 22nd, but I have an idea it didn't get published up on the system until around the 30th. But read it for yourself - … Continue reading Belated Christmas Present for You!
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.
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
$54.5 Million Just Came in!
Woodbridge Liquidation Trust (the “Trust”) agreed to the terms of a settlement of two pending actions against Comerica Bank. The terms of the settlement, reached following negotiations with Comerica Bank and the plaintiffs in a putative class action against Comerica Bank in the United States District Court for the Central District of California (the “District … Continue reading $54.5 Million Just Came in!
Lessons Learned from the Woodbridge Scam 