UNITED STATES BANKRUPTCY COURT

Case No. 20-12637-KHK

Alexandria DIVISION

Chapter 7

In re:

EASTERN DISTRICT OF VIRGINIA

BHATT, NAVEEN PRASAD §

Debtor(s) §

§

§

CHAPTER 7 TRUSTEE’S FINAL ACCOUNT AND DISTRIBUTION

REPORT CERTIFICATION THAT THE ESTATE HAS BEEN FULLY

ADMINISTERED AND APPLICATION TO BE DISCHARGED (TDR)

$444,812.16

$7,802.78

1) All funds on hand have been distributed in accordance with the Trustee’s Final Report and, if

applicable, any order of the Court modifying the Final Report. The case is fully administered and all assets and

funds which have come under the trustee’s control in this case have been properly accounted for as provided

by law. The trustee hereby requests to be discharged from further duties as a trustee.

2) A summary of assets abandoned, assets exempt, total distributions to claimants, claims discharged

without payment, and expenses of administration is provided below:

Assets Abandoned:

(without deducting any secured claims)

Total Distributions to Claimants:

Total Expenses of Administration:

Assets Exempt:

Claims Discharged

Without Payment:

$18,880.52

$10,000.00

$5,000.00

3) Total gross receipts of $15,000.00 (see Exhibit 1), minus funds paid to the debtor and third parties

of $0.00 (see Exhibit 2), yielded net receipts of $15,000.00 from the liquidation of the property of the estate,

which was distributed as follows:

Donald F. King, chapter 7 trustee, submits this Final Account, Certification that the Estate has been

Fully Administered and Application to be Discharged.

UST Form 101-7-TDR ( 10 /1/2010)

Case 20-12637-KHK Doc 57 Filed 06/11/24 Entered 06/11/24 08:49:52 Desc Main

Document Page 1 of 12
SECURED CLAIMS (from

Exhibit 3)

CHAPTER 7 ADMIN. FEES AND

CHARGES (from Exhibit 4)

PRIORITY CLAIMS:

PRIOR CHAPTER ADMIN.

FEES AND CHARGES (from

Exhibit 5)

PRIORITY UNSECURED CLAIMS

(from Exhibit 6)

GENERAL UNSECURED CLAIMS

(from Exhibit 7)

TOTAL DISBURSEMENTS

CLAIMS

SCHEDULED

CLAIMS

ASSERTED

CLAIMS

ALLOWED

CLAIMS

PAID

$12,260.38 $75,778.24 $75,778.24 $0.00

$0.00 $5,000.00 $5,000.00 $5,000.00

$0.00 $0.00 $0.00 $0.00

$0.00 $0.00 $0.00 $0.00

$372,368.15 $82,444.01 $82,444.01 $10,000.00

$384,628.53 $163,222.25 $163,222.25 $15,000.00

4) This case was originally filed under chapter 7 on 12/03/2020. The case was pending for 41

months.

5) All estate bank statements, deposit slips, and canceled checks have been submitted to the United States

Trustee.

6) An individual estate property record and report showing the final accounting of the assets of the estate is

attached as Exhibit 8. The cash receipts and disbursements records for each estate bank account, showing the final

accounting of the receipts and disbursements of estate funds is attached as Exhibit 9.

Pursuant to Fed R Bank P 5009, I hereby certify, under penalty of perjury, that the foregoing report is true

and correct.

Dated: By:

Trustee

05/02/2024 /s/ Donald F. King

STATEMENT This Uniform Form is associated with an open bankruptcy case, therefore, Paperwork

Reduction Act exemption 5 C.F.R. § 1320.4(a)(2) applies.

, Bar No.: 23125

UST Form 101-7-TDR ( 10 /1/2010)

Case 20-12637-KHK Doc 57 Filed 06/11/24 Entered 06/11/24 08:49:52 Desc Main

Document Page 2 of 12
EXHIBIT 1 – GROSS RECEIPTS

DESCRIPTION UNIFORM

TRAN. CODE1

$ AMOUNT

RECEIVED

NEP DEVELOPMENT LLC, 40% OWNERSHIP 1229-000 $15,000.00

TOTAL GROSS RECEIPTS $15,000.00

1The Uniform Transaction Code is an accounting code assigned by the trustee for statistical reporting purposes.

EXHIBITS TO

FINAL ACCOUNT

EXHIBIT 2 – FUNDS PAID TO DEBTOR & THIRD PARTIES

PAYEE DESCRIPTION UNIFORM

TRAN. CODE

$ AMOUNT

PAID

None

EXHIBIT 3 - SECURED CLAIMS

Claim

NO. CLAIMANT

UNIFORM

TRAN.

CODE

CLAIMS

SCHEDULED

(from Form 6D)

CLAIMS

ASSERTED

CLAIMS

ALLOWED

CLAIMS

PAID

5 U.S SMALL

BUSINESS

ADMINISTRATION

4110-000 NA $75,778.24 $75,778.24 $0.00

N/F American Honda

Finance

4110-000 $12,260.38 NA NA NA

TOTAL SECURED $12,260.38 $75,778.24 $75,778.24 $0.00

UST Form 101-7-TDR ( 10 /1/2010)

Case 20-12637-KHK Doc 57 Filed 06/11/24 Entered 06/11/24 08:49:52 Desc Main

Document Page 3 of 12
EXHIBIT 4 – CHAPTER 7 ADMINISTRATIVE FEES and CHARGES

PAYEE

UNIFORM

TRAN.

CODE

CLAIMS

SCHEDULED

CLAIMS

ASSERTED

CLAIMS

ALLOWED

CLAIMS

PAID

Trustee, Fees - Donald F. King 2100-000 NA $2,250.00 $2,250.00 $2,250.00

Trustee, Expenses - Donald F. King 2200-000 NA $7.38 $7.38 $7.38

Attorney for Trustee Fees - ODIN

FELDMAN & PITTLEMAN P. C.

3110-000 NA $2,247.75 $2,247.75 $2,247.75

Attorney for Trustee, Expenses -

ODIN FELDMAN & PITTLEMAN P.

C.

3120-000 NA $94.70 $94.70 $94.70

Bond Payments - BOND 2300-000 NA $23.39 $23.39 $23.39

Bank Service Fees - Metropolitan

Commercial Bank

2600-000 NA $211.76 $211.76 $211.76

Bank Service Fees - TriState

Capital Bank

2600-000 NA $165.02 $165.02 $165.02

TOTAL CHAPTER 7 ADMIN. FEES

AND CHARGES NA $5,000.00 $5,000.00 $5,000.00

EXHIBIT 5 – PRIOR CHAPTER ADMINISTRATIVE FEES and CHARGES

PAYEE UNIFORM

TRAN. CODE

CLAIMS

SCHEDULED

CLAIMS

ASSERTED

CLAIMS

ALLOWED

CLAIMS

PAID

None

EXHIBIT 6 – PRIORITY UNSECURED CLAIMS

CLAIM

NO. CLAIMANT

UNIFORM

TRAN.

CODE

CLAIMS

SCHEDULED

(from Form 6E)

CLAIMS

ASSERTED

(from Proofs of

Claim)

CLAIMS

ALLOWED

CLAIMS

PAID

None

UST Form 101-7-TDR ( 10 /1/2010)

Case 20-12637-KHK Doc 57 Filed 06/11/24 Entered 06/11/24 08:49:52 Desc Main

Document Page 4 of 12
EXHIBIT 7 – GENERAL UNSECURED CLAIMS

CLAIM NO. CLAIMANT

UNIFORM

TRAN.

CODE

CLAIMS

SCHEDULED

(from Form 6F)

CLAIMS

ASSERTED

(from Proofs of

Claim)

CLAIMS

ALLOWED

CLAIMS

PAID

1 DISCOVER BANK 7100-000 NA $6,428.55 $6,428.55 $779.76

2 CAPITAL ONE BANK

(USA), N.A.

7100-000 NA $3,966.09 $3,966.09 $481.06

3 JPMORGAN CHASE

BANK, N.A.

7100-000 NA $10,223.48 $10,223.48 $1,240.05

4 PYOD, LLC 7100-000 NA $1,377.33 $1,377.33 $167.06

6 ROEE R. KIVITI AND

ADIEL Y. KIVITI

7100-000 NA $58,770.00 $58,770.00 $7,128.47

7 Jefferson Capital

Systems, LLC

7100-000 NA $855.85 $855.85 $103.81

8 Jefferson Capital

Systems, LLC

7100-000 NA $822.71 $822.71 $99.79

N/F Capital One Bank USA 7100-000 $3,966.24 NA NA NA

N/F Credit One Bank 7100-000 $1,316.26 NA NA NA

N/F Discover Financial

Services

7100-000 $6,262.07 NA NA NA

N/F Erie Insurance

Exchange

7100-000 $0.00 NA NA NA

N/F Fedloan Servicing 7100-000 $86,296.00 NA NA NA

N/F JPMCB Card Services 7100-000 $9,979.02 NA NA NA

N/F Munir Dallawar 7100-000 $41,000.00 NA NA NA

N/F Munir Dellawar 7100-000 $41,000.00 NA NA NA

N/F Roee Kiviti 7100-000 $58,770.00 NA NA NA

N/F Sandeep Musinipally 7100-000 $47,600.00 NA NA NA

UST Form 101-7-TDR ( 10 /1/2010)

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Document Page 5 of 12
N/F Small Business

Administration

7100-000 $74,500.00 NA NA NA

N/F Synchrony Bank 7100-000 $855.85 NA NA NA

N/F Synchrony Bank 7100-000 $822.71 NA NA NA

TOTAL GENERAL

UNSECURED CLAIMS $372,368.15 $82,444.01 $82,444.01 $10,000.00

UST Form 101-7-TDR ( 10 /1/2010)

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Document Page 6 of 12
Asset Cases

Individual Estate Property Record and Report

Form 1

Page: 1

Case No.:

Claims Bar Date:

Case Name:

For Period Ending:

Trustee Name:

§ 341(a) Meeting Date:

Date Filed (f) or Converted (c):

20-12637-KHK

NAVEEN PRASAD BHATT

(660500) Donald F. King

12/03/2020 (f)

12/30/2020

05/02/2024 08/03/2021

Exhibit 8

1

Asset Description

(Scheduled And Unscheduled (u) Property)

Ref. #

2

Petition/

Unscheduled

Values

3

Estimated Net Value

(Value Determined By

Trustee,

Less Liens, Exemptions,

and Other Costs)

4

Property Formally

Abandoned

OA=§554(a)

abandon.

5

Sale/Funds

Received by the

Estate

6

Asset Fully

Administered (FA)/

Gross Value of

Remaining Assets

1 2015 HONDA PILOT LX, 80000 MILES 13,300.00 0.00 0.00 FA

2 LIVING/FAMILY ROOM: 2 COUCHES

($600); BOOKCASE ($20); DESK ($20);

2 CHAIRS ($30); TABLE ($25); LAMP

($20); AND TELEVISION ($500) - $1,215

DINING ROOM: TABLE ($400); 5

CHAIRS ($100); CHINA($50); AND

SILVERWARE($25)- $575 BEDROOMS:

3 BEDS($800); 3 DRESSERS($300);

DESK ($100); MIRROR ($30); AND A

LAMP ($10)-$1,240 KITCHEN:

MICROWAVE( $75);

REFRIGERATOR($250); DISHWASHER

($75); STOVE($150); CLOTHES

WASHER($75); AND DRYER ($75)-$700

3,730.00 0.00 0.00 FA

3 X-BOX 250.00 0.00 0.00 FA

4 COMPUTERS 250.00 0.00 0.00 FA

5 2 PRINTERS 550.00 0.00 0.00 FA

6 SHIRTS, PANTS, UNDERGARMENTS,

SHOES, ETC.

200.00 0.00 0.00 FA

7 DOG 1.00 1.00 0.00 FA

8 TOOLS 150.00 0.00 0.00 FA

9 LAWN MOWER 75.00 0.00 0.00 FA

10 CASH 150.00 0.00 0.00 FA

11 CHECKING: UNITED BANK CHECKING

(6030) - $45.36

45.36 0.00 0.00 FA

12 SAVINGS: UNITED BANK

SAVINGS(6086)-$179.16

179.16 0.00 0.00 FA

13 DIVA COMPANIES, LLC, 100%

OWNERSHIP

0.00 0.00 0.00 FA

14 VOID

“Membership Interest – NEP Properties, LLC.”

VOID VOID VOID VOID VOID

15 NEP DEVELOPMENT LLC, 40%

OWNERSHIP (u)

0.00 0.00 15,000.00 FA

15 Assets Totals (Excluding unknown values) $18,880.52 $1.00 $15,000.00 $0.00

UST Form 101-7-TDR ( 10 /1/2010)

Case 20-12637-KHK Doc 57 Filed 06/11/24 Entered 06/11/24 08:49:52 Desc Main

Document Page 7 of 12
Asset Cases

Individual Estate Property Record and Report

Form 1

Page: 2

Case No.:

Claims Bar Date:

Case Name:

For Period Ending:

Trustee Name:

§ 341(a) Meeting Date:

Date Filed (f) or Converted (c):

20-12637-KHK

NAVEEN PRASAD BHATT

(660500) Donald F. King

12/03/2020 (f)

12/30/2020

05/02/2024 08/03/2021

Exhibit 8

Initial Projected Date Of Final Report (TFR): 12/31/2022 Current Projected Date Of Final Report (TFR): 05/08/2023 (Actual)

2/7/2024 Pending Kiviti distribution check to clear before proceeding to TDR

Major Activities Affecting Case Closing:

Date

05/02/2024

Donald F. King

/s/Donald F. King

UST Form 101-7-TDR ( 10 /1/2010)

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Document Page 8 of 12
Form 2

Cash Receipts And Disbursements Record

Exhibit 9

Page: 1

Case No.: 20-12637-KHK

Case Name: NAVEEN PRASAD BHATT

Taxpayer ID #: **-***8470

For Period Ending: 05/02/2024

Trustee Name: Donald F. King (660500)

Bank Name: Metropolitan Commercial Bank

Account #: ******5797 checking

Blanket Bond (per case limit): $3,000,000.00

Separate Bond (if applicable): N/A

1 2 3 4 5 6 7

Trans.

Date

Check or

Ref. #

Paid To / Received From Description of Transaction Uniform

Tran. Code

Deposit

$

Disbursement

$

Account Balance

01/06/22 {15} Loudoun Commercial Title LLC Payoff from sale of Cary Street

Property

1229-000 15,000.00 15,000.00

01/31/22 Metropolitan Commercial Bank Bank and Technology Services

Fees

2600-000 17.62 14,982.38

02/28/22 Metropolitan Commercial Bank Bank and Technology Services

Fees

2600-000 22.41 14,959.97

03/31/22 Metropolitan Commercial Bank Bank and Technology Services

Fees

2600-000 26.37 14,933.60

04/29/22 Metropolitan Commercial Bank Bank and Technology Services

Fees

2600-000 23.13 14,910.47

05/31/22 Metropolitan Commercial Bank Bank and Technology Services

Fees

2600-000 23.09 14,887.38

06/30/22 Metropolitan Commercial Bank Bank and Technology Services

Fees

2600-000 26.24 14,861.14

07/29/22 Metropolitan Commercial Bank Bank and Technology Services

Fees

2600-000 23.02 14,838.12

08/31/22 Metropolitan Commercial Bank Bank and Technology Services

Fees

2600-000 26.15 14,811.97

09/30/22 Metropolitan Commercial Bank Bank and Technology Services

Fees

2600-000 23.73 14,788.24

10/19/22 Transfer Debit to TriState Capital

Bank acct XXXXXX0452

Transition Debit to TriState Capital

Bank acct XXXXXX0452

9999-000 14,788.24 0.00

COLUMN TOTALS

Subtotal

NET Receipts / Disbursements

Less: Bank Transfers/CDs

Less: Payments to Debtors

15,000.00

0.00

15,000.00

$15,000.00

15,000.00

14,788.24

211.76

0.00

$211.76

$0.00

{ } Asset Reference(s) UST Form 101-7-TDR ( 10 /1/2010) ! - transaction has not been cleared

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Document Page 9 of 12
Form 2

Cash Receipts And Disbursements Record

Exhibit 9

Page: 2

Case No.: 20-12637-KHK

Case Name: NAVEEN PRASAD BHATT

Taxpayer ID #: **-***8470

For Period Ending: 05/02/2024

Trustee Name: Donald F. King (660500)

Bank Name: TriState Capital Bank

Account #: ******0452 Checking Account

Blanket Bond (per case limit): $3,000,000.00

Separate Bond (if applicable): N/A

1 2 3 4 5 6 7

Trans.

Date

Check or

Ref. #

Paid To / Received From Description of Transaction Uniform

Tran. Code

Deposit

$

Disbursement

$

Account Balance

10/19/22 Transfer Credit from Transition Credit from 9999-000 14,788.24 14,788.24

10/31/22 TriState Capital Bank Bank and Technology Services

Fees

2600-000 22.91 14,765.33

11/30/22 TriState Capital Bank Bank and Technology Services

Fees

2600-000 25.24 14,740.09

12/30/22 TriState Capital Bank Bank and Technology Services

Fees

2600-000 23.62 14,716.47

01/31/23 TriState Capital Bank Bank and Technology Services

Fees

2600-000 25.15 14,691.32

02/28/23 TriState Capital Bank Bank and Technology Services

Fees

2600-000 21.97 14,669.35

03/02/23 1000 INSURANCE PARTNERS

AGENCY, LLC

Bond Disbursement 2300-000 23.39 14,645.96

03/31/23 TriState Capital Bank Bank and Technology Services

Fees

2600-000 24.26 14,621.70

04/28/23 TriState Capital Bank Bank and Technology Services

Fees

2600-000 21.87 14,599.83

08/15/23 1001 ODIN FELDMAN & PITTLEMAN

P. C.

{case.number)NAVEEN PRASAD

BHATT Distribution payment -

3120-000 94.70 14,505.13

08/15/23 1002 ODIN FELDMAN & PITTLEMAN

P. C.

{case.number)NAVEEN PRASAD

BHATT Distribution payment -

3110-000 2,247.75 12,257.38

08/15/23 1003 Donald F. King {case.number)NAVEEN PRASAD

BHATT Distribution payment -

2100-000 2,250.00 10,007.38

08/15/23 1004 Donald F. King {case.number)NAVEEN PRASAD

BHATT Distribution payment -

2200-000 7.38 10,000.00

08/15/23 1005 DISCOVER BANK {case.number)NAVEEN PRASAD

BHATT Distribution payment -

7100-000 779.76 9,220.24

08/15/23 1006 CAPITAL ONE BANK (USA), N.A. {case.number)NAVEEN PRASAD

BHATT Distribution payment -

7100-000 481.06 8,739.18

08/15/23 1007 JPMORGAN CHASE BANK, N.A. {case.number)NAVEEN PRASAD

BHATT Distribution payment -

7100-000 1,240.05 7,499.13

08/15/23 1008 PYOD, LLC {case.number)NAVEEN PRASAD

BHATT Distribution payment -

7100-000 167.06 7,332.07

08/15/23 1009 ROEE R. KIVITI AND ADIEL Y.

KIVITI

{case.number)NAVEEN PRASAD

BHATT Distribution payment -

Voided on 12/10/2023

7100-004 7,128.47 203.60

08/15/23 1010 Jefferson Capital Systems, LLC {case.number)NAVEEN PRASAD

BHATT Distribution payment -

7100-000 103.81 99.79

08/15/23 1011 Jefferson Capital Systems, LLC {case.number)NAVEEN PRASAD

BHATT Distribution payment -

7100-000 99.79 0.00

12/10/23 1009 ROEE R. KIVITI AND ADIEL Y.

KIVITI

{case.number)NAVEEN PRASAD

BHATT Distribution payment -

Voided: check issued on

08/15/2023

7100-004 -7,128.47 7,128.47

12/10/23 1012 ROEE R. KIVITI AND ADIEL Y.

KIVITI

{case.number)NAVEEN PRASAD

BHATT Distribution payment -

Voided on 02/07/2024

7100-004 7,128.47 0.00

02/07/24 1012 ROEE R. KIVITI AND ADIEL Y.

KIVITI

{case.number)NAVEEN PRASAD

BHATT Distribution payment -

Voided: check issued on

12/10/2023

7100-004 -7,128.47 7,128.47

02/07/24 1013 ROEE R. KIVITI AND ADIEL Y.

KIVITI

{case.number)NAVEEN PRASAD

BHATT Distribution payment -

7100-000 7,128.47 0.00

{ } Asset Reference(s) UST Form 101-7-TDR ( 10 /1/2010) ! - transaction has not been cleared

Page Subtotals: $14,788.24 $14,788.24

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Document Page 10 of 12
Form 2

Cash Receipts And Disbursements Record

Exhibit 9

Page: 3

Case No.: 20-12637-KHK

Case Name: NAVEEN PRASAD BHATT

Taxpayer ID #: **-***8470

For Period Ending: 05/02/2024

Trustee Name: Donald F. King (660500)

Bank Name: TriState Capital Bank

Account #: ******0452 Checking Account

Blanket Bond (per case limit): $3,000,000.00

Separate Bond (if applicable): N/A

1 2 3 4 5 6 7

Trans.

Date

Check or

Ref. #

Paid To / Received From Description of Transaction Uniform

Tran. Code

Deposit

$

Disbursement

$

Account Balance

COLUMN TOTALS

Subtotal

NET Receipts / Disbursements

Less: Bank Transfers/CDs

Less: Payments to Debtors

14,788.24

14,788.24

0.00

$0.00

14,788.24

0.00

14,788.24

0.00

$14,788.24

$0.00

{ } Asset Reference(s) UST Form 101-7-TDR ( 10 /1/2010) ! - transaction has not been cleared

Case 20-12637-KHK Doc 57 Filed 06/11/24 Entered 06/11/24 08:49:52 Desc Main

Document Page 11 of 12
Exhibit 9

Page: 4

Cash Receipts And Disbursements Record

Form 2

Blanket Bond (per case limit):

******0452 Checking Account

TriState Capital Bank

For Period Ending: 05/02/2024

Donald F. King (660500)

NAVEEN PRASAD BHATT

Account #:

20-12637-KHK

N/A

Case No.:

Case Name:

Separate Bond (if applicable):

Trustee Name:

$3,000,000.00

Taxpayer ID #: **-***8470

Bank Name:

ACCOUNT

BALANCES

$15,000.00 $15,000.00

TOTAL - ALL ACCOUNTS NET

NET DEPOSITS DISBURSEMENTS

$0.00

$15,000.00

Plus Gross Adjustments: $0.00

Net Receipts: $15,000.00

Less Payments to Debtor:

Less Other Noncompensable Items:

$0.00

$0.00

Net Estate:

******5797 checking $15,000.00 $211.76 $0.00

******0452 Checking Account $0.00 $14,788.24 $0.00

05/02/2024 /s/Donald F. King

Date Donald F. King

UST Form 101-7-TDR (10 /1/2010)

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