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Woodbridge Liquidation Trust Q&A

How much can I expect to recover?

Including the March 2019 distribution of $3.75 per Class A Liquidation Trust Interest and the estimated net assets in liquidation for the Trust as of December 31, 2019, the estimated total recovery percentages are as follows:  (i) 43.74% recovery on Net Note Claims (or 45.92% for those Noteholders electing to contribute their claims; (ii) 43.74% recovery on General Unsecured Claims; and (iii) 31.71% recovery on Net Unit Claims (33.30% for those Unitholders electing to contribute their claims).

How long will this process take?

The Trust stated that “[t]he Wind-Down Entity expects that the liquidation of the Wind-Down Subsidiaries’ assets will be completed during the fiscal year ending June 30, 2022.”  The anticipated liquidation period may be extended for various reasons, including delays in construction and/or sales.

Why am I not receiving my full claim back?

The Trust’s most recent published financial statements (as of December 31, 2019) indicated net assets in liquidation of approximately $334,583,000.  There are over $800 million in claims that need to share in distributions.  Accordingly, even including distributions already made, the Liquidation Trust cannot pay all creditors in full, absent significant success in pursuing litigation claims.

Could I get more than the projected recovery?

It's possible to get more or less.  The Wind-Down Entity’s assets are largely composed of real estate, including homes under construction.  If the real estate market goes up, then sale prices, and, by extension, cash available for distribution, will go up as well. Conversely, if the real estate market goes down, the projected recoveries may go down as well.  

There are many more questions you may have.  Feel free to call Byron or Allen at 310-208-2191 and we'll try to help. 

Broxton is experienced in special situations like Woodbridge.  Ever since Enron we've found that helping individuals with this questions is well suited for our talents and experience.   

Broxton Capital is an Investment Manager, managing retail accounts with custody at Schwab Istitutional, TD Ameritrade, E Trade, and Interactive Brokers.

About Broxton Capital Advisors

Founded in 2006, Broxton Capital Advisors is an independent, registered advisory firm dedicated to providing our clients the best personalized investment management services.

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