I was able to get an email exchange with a contact on the bankruptcy trust – the best guess for the next distribution back in May was ‘end of July.’ Unfortunately the situation of getting closings on the properties for sale is rendering a goal of more like the fall of this year.
As most of us know, unwinding this debacle is about getting large pieces of L.A. (area) real estate to sell – mostly to a developer who will then redevelop that expensive land. These sales are not garden variety closings with common financing efforts. So I will update when I feel I know more … but autumn should be your expectation at this point for the next distribution.
source https://gregandersonlessonslearned.me/2019/07/18/next-distribution-2/
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