Liquidation: Woodbridge Liquidation Trust

Form Type: 10-Q

Filing Date: 2025-05-14

Corporate Action: Liquidation

Type: Update

Accession Number: 000114036125018964

Filing Summary: Woodbridge Liquidation Trust's 10-Q report for the quarter ended March 31, 2025, highlights the Trust's financial status in its liquidation process. The Trust, established to collect and distribute assets for the benefit of its beneficiaries, has undergone significant changes since its formation on February 15, 2019. As of March 31, 2025, the Trust reported total net assets in liquidation amounting to $43,216,000, primarily attributed to the interests of all stakeholders. Assets included cash, restricted funds, and various other assets, while liabilities included accrued costs and distributions payable. The report reveals that the year-on-year transition shows a decrease in net assets primarily due to reversed distributions and changes in asset carrying values. The Trust is actively pursuing legal claims and managing assets related to construction defects. The liquidation activities are expected to conclude by March 31, 2026, although extensions may be sought based on operational needs. The report includes financial statements, a management discussion on the Trust's condition, and information on pending legal matters, indicating ongoing litigation and settlement pursuits. Overall, the report demonstrates the Trust's progress in liquidating assets and managing its obligations amidst complexities in legal claims and asset valuation.

Form Type: 10-Q

Filing Date: 2025-02-14

Corporate Action: Liquidation

Type: New

Accession Number: 000114036125004901

Filing Summary: Woodbridge Liquidation Trust, formed under Delaware law, is in the process of liquidating its assets per the Liquidation Trust Agreement and the First Amended Joint Chapter 11 Plan of Liquidation. The trust was established to collect, manage, and distribute the Trust assets for the benefit of beneficiaries and to resolve claims against the Debtors. As of December 31, 2024, total assets amounted to $65,174,000 with liabilities totaling $21,566,000, resulting in net assets in liquidation of $43,608,000. The financial statements reflect that the trust has been making distributions to beneficiaries while managing accrued liquidation costs which are projected to conclude by March 31, 2026. The trust engages in litigation to resolve disputed claims and is addressing construction defect claims. The trust’s operations include handling various financial instruments, including cash equivalents and restricted cash, with a focus on meeting outstanding claims and costs associated with the liquidation process.