2. The trustee faithfully and properly fulfilled the duties enumerated in 11 U.S.C. §704.

UNITED STATES BANKRUPTCY COURT

In re: § Case No.

§

§

§

ALANS CORNER, LLC 17-12669-BFK

EASTERN DISTRICT OF VIRGINIA

Debtor(s)

TRUSTEE'S FINAL REPORT (TFR)

The undersigned trustee hereby makes this Final Report and states as follows:

1. A petition under Chapter 7 of the United States Bankruptcy Code

was filed on August 03, 2017. The undersigned trustee was appointed on August 04, 2017.

ALEXANDRIA DIVISION

3. All scheduled and known assets of the estate have been reduced to cash, released to

the debtor as exempt property pursuant to 11 U.S.C. § 522, or have been or will be abandoned

pursuant to 11 U.S.C. § 554

disposition of all property of the estate is attached as Exhibit A.

. An individual estate property record and report showing the

$

$

The remaining funds are available for distribution.

Leaving a balance on hand of

Other payments to the debtor

Non-estate funds paid to 3rd Parties

4. The trustee realized the gross receipts of

Funds were disbursed in the following amounts:

Administrative expenses

Other payments to creditors

4,330,000.00

269,256.19

0.00

0.00

0.00

118,838.24 1

Payments made under an

interim distribution

Exemptions paid to the debtor

3,941,555.16

0.00

Bank service fees 350.41

5. Attached as Exhibit B is a cash receipts and disbursements record for each estate bank

account.

UST Form 101-7-TFR (05/1/2011)

1The balance of funds on hand in the estate may continue to earn interest until disbursed. The interest

earned prior to disbursement will be distributed pro rata to creditors within each priority category. The trustee may

receive additional compensation not to exceed the maximum compensation set forth under 11 U.S.C. § 326(a) on

account of the disbursement of the additional interest.

Case 17-12669-BFK Doc 68 Filed 05/29/19 Entered 05/29/19 11:41:01 Desc Main

 Document Page 1 of 9
which will receive a distribution have been examined and any objections to the allowance

of claims have been resolved. If applicable, a claims analysis, explaining why payment on any

claim is not being made, is attached as

7. The Trustee's proposed distribution is attached as

Exhibit C

Exhibit D

6. The deadline for filing non-governmental claims in this case was 01/18/2018

.

.

and the deadline for filing governmental claims was 01/30/2018. All claims of each class

8. Pursuant to 11 U.S.C. § 326(a), the maximum compensation allowable to the trustee is

compensation may increase.

received reimbursement for reasonable and necessary expenses in the amount of

$153,150.00. To the extent that additional interest is earned before case closing, the maximum

The trustee has received $0.00 as interim compensation and now requests the

sum of $118,193.63, for a total compensation of $118,193.63. In addition, the trustee

and now requests reimbursement for expenses of $294.61, for total expenses of

$294.61.

$0.00

2

2

/s/Janet M. Meiburger

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

foregoing report is true and correct.

Date: By:

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.

04/12/2019

Trustee

UST Form 101-7-TFR (05/1/2011)

2 If the estate is administratively insolvent, the dollar amounts reflected in this paragraph

may be higher than the amounts listed in the Trustee's Proposed Distribution (Exhibit D)

Case 17-12669-BFK Doc 68 Filed 05/29/19 Entered 05/29/19 11:41:01 Desc Main

 Document Page 2 of 9
Filed (f) or Converted (c):

Claims Bar Date:

Form 1

Individual Estate Property Record and Report

Asset Cases

Period Ending: 04/12/19

Trustee: Janet M. Meiburger

Asset Description

(Scheduled And Unscheduled (u) Property)

Petition/

Unscheduled

Values

Estimated Net Value

(Value Determined By Trustee,

Less Liens, Exemptions,

and Other Costs)

Property

Abandoned

OA=§554(a)

Sale/Funds

Received by

the Estate

Asset Fully

Administered (FA)/

Gross Value of

Remaining Assets

1 2 3 4 5 6

Case Number:

Page: 1

17-12669-BFK

01/18/18

Ref. #

Case Name: ALANS CORNER, LLC

§341(a) Meeting Date: 09/07/17

08/03/17 (f)

(660410)

Exhibit A

1 43184 Town Hall Plaza, South Riding, Virginia 20 3,000,000.00 100,000.00 4,300,000.00 FA

2 Small Business Checking Account at EagleBank, xx 2,852.17 2,852.17 0.00 FA

3 Claim for Unpaid Rent Against Discovery Station Unknown 276,872.73 30,000.00 FA

3 Assets Totals (Excluding unknown values) $3,002,852.17 $379,724.90 $4,330,000.00 $0.00

Major Activities Affecting Case Closing:

07/14/2018 - The Court has approved the sale of the Debtor's real estate and closing is scheduled for 7/20/2018.

Initial Projected Date Of Final Report (TFR): June 30, 2019 Current Projected Date Of Final Report (TFR): June 30, 2019

Printed: 04/12/2019 04:26 PM V.14.50

Case 17-12669-BFK Doc 68 Filed 05/29/19 Entered 05/29/19 11:41:01 Desc Main

 Document Page 3 of 9
Blanket Bond:

Separate Bond:

Description of Transaction

Form 2

Cash Receipts And Disbursements Record

04/12/19

Taxpayer ID #: **-***1047

Case Number:

Bank Name:

$3,000,000.00 (per case limit)

******8066 - Checking Account

Rabobank, N.A.

Trans.

Date

{Ref #} /

Check # Paid To / Received From

Receipts

$

Disbursements

$ Account Balance

Checking

Trustee: Janet M. Meiburger (660410)

Page: 1

17-12669-BFK

Case Name: ALANS CORNER, LLC

N/A

1 2 3 4 5 6 7

Account:

Period Ending:

T-Code

Exhibit B

Proceeds from Sale of Real Property Located 103,272.55

at 43184 Town Hall Plaza Per Court Order

(Docket No. 54)

07/25/18 RL Title and Escrow, Inc. 103,272.55

Proceeds from Sale of

43184 Town Hall Plaza

{1} 4,300,000.00 1110-000 103,272.55

Payoff 1st Mortgage to

Eagle Bank

EagleBank -3,704,354.92 4110-000 103,272.55

Payoff 2nd Mortgage to

Small Business

Administration

US Small Business -170,000.00 103,272.55

Administration

4110-000

County Taxes from

7/1/18 to 7/19/18

-1,922.29 2820-000 103,272.55

Past Due RE Taxes to

Loudoun County

Treasurer, County of Loudoun, -67,200.24 103,272.55

Virginia

4120-000

Realtor Commission to

Century 21 New

Millenium

-118,250.00 3510-000 103,272.55

Realtor Commission to

MacKenzie Commercial

Real Estate Services,

LLC

-118,250.00 3510-000 103,272.55

Closing Costs -16,750.00 2500-000 103,272.55

07/31/18 Rabobank, N.A. Bank and Technology Services Fee 2600-000 24.75 103,247.80

08/31/18 Rabobank, N.A. Bank and Technology Services Fee 2600-000 153.45 103,094.35

09/28/18 Rabobank, N.A. Bank and Technology Services Fee 2600-000 79.08 103,015.27

10/31/18 Rabobank, N.A. Bank and Technology Services Fee 2600-000 93.13 102,922.14

Payment for settlement of Adversary 30,000.00

Proceeding per court order (Docket No. 60)

11/09/18 {3} KinderCare Education LLC 1129-000 132,922.14

Payment for Compensation Per Court Order

(Docket No. 66)

03/18/19 101 THE MEIBURGER LAW FIRM, P.C. 3110-000 14,012.50 118,909.64

BOND PREMIUM PAYMENT ON LEDGER

BALANCE AS OF 03/18/2019 FOR CASE

#17-12669

Voided on 03/20/19

03/18/19 102 Insurance Partners Agency, Inc. 2300-000 68.53 118,841.11

BOND PREMIUM PAYMENT ON LEDGER

BALANCE AS OF 03/18/2019 FOR CASE

#17-12669

Voided: check issued on 03/18/19

03/20/19 102 Insurance Partners Agency, Inc. 2300-000 -68.53 118,909.64

03/21/19 103 Insurance Partners Agency, Inc. BOND PREMIUM PAYMENT ON LEDGER 2300-000 71.40 118,838.24

{} Asset reference(s) Printed: 04/12/2019 04:26 PM V.14.50

Subtotals : $133,272.55 $14,434.31

Case 17-12669-BFK Doc 68 Filed 05/29/19 Entered 05/29/19 11:41:01 Desc Main

 Document Page 4 of 9
Blanket Bond:

Separate Bond:

Description of Transaction

Form 2

Cash Receipts And Disbursements Record

04/12/19

Taxpayer ID #: **-***1047

Case Number:

Bank Name:

$3,000,000.00 (per case limit)

******8066 - Checking Account

Rabobank, N.A.

Trans.

Date

{Ref #} /

Check # Paid To / Received From

Receipts

$

Disbursements

$ Account Balance

Checking

Trustee: Janet M. Meiburger (660410)

Page: 2

17-12669-BFK

Case Name: ALANS CORNER, LLC

N/A

1 2 3 4 5 6 7

Account:

Period Ending:

T-Code

Exhibit B

BALANCE AS OF 03/21/2019 FOR CASE

#17-12669

ACCOUNT TOTALS 133,272.55 14,434.31 $118,838.24

Less: Bank Transfers 0.00 0.00

Subtotal 133,272.55 14,434.31

Less: Payments to Debtors 0.00

NET Receipts / Disbursements $133,272.55 $14,434.31

Net Receipts :

Plus Gross Adjustments :

Net Estate :

133,272.55 14,434.31 118,838.24

Net

Receipts

Net

Disbursements

Account

Balances

Checking # ******8066

TOTAL - ALL ACCOUNTS

$133,272.55 $14,434.31 $118,838.24

133,272.55

4,196,727.45

 

$4,330,000.00

{} Asset reference(s) Printed: 04/12/2019 04:26 PM V.14.50

Case 17-12669-BFK Doc 68 Filed 05/29/19 Entered 05/29/19 11:41:01 Desc Main

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Creditor Name & Address Claim Type

17-12669-BFK

E X H I B I T C

Case Number:

Claim # Amount Allowed Paid to Date Claim Balance

Page: 1 April 12, 2019

Debtor Name: ALANS CORNER, LLC

Date:

Time: 04:27:19 PM

Claims Bar Date: January 18, 2018

Claim Ref. No. / Notes

ANALYSIS OF CLAIMS REGISTER

$118,193.63

200

Janet M. Meiburger Admin Ch. 7

ALLOWED.

McLean, VA 22101

1493 Chain Bridge Rd, Ste 201

$0.00 118,193.63

$294.61

200

Janet M. Meiburger Admin Ch. 7

ALLOWED.

McLean, VA 22101

1493 Chain Bridge Rd, Ste 201

$0.00 294.61

$14,012.50

200

The Meiburger Law Firm, P.C. Admin Ch. 7

ALLOWED. PAID PER COURT ORDER (DOCKET NO. 66).

McLean, VA 22101

1493 Chain Bridge Road, Suite 201

$14,012.50 0.00

$350.00

200

U.S. Bankruptcy Court Admin Ch. 7

ALLOWED.

Alexandria, VA 22314

200 S. Washington Street

$0.00 350.00

1 $1,545,676.84

100

US Small Business Administration Secured

PAID AT CLOSING IN REDUCED AMOUNT PER AGREEMENT WITH CREDITOR

Washington, DC 20416 AND COURT ORDER (DOCKET NO. 54).

409 3rd Street SW 2d Floor

$170,000.00 1,375,676.84

2 $67,200.24

100

Treasurer, County of Loudoun, Virginia Secured

PAID AT CLOSING PER COURT ORDER (DOCKET NO. 54).

Leesburg, VA 20178-0347

Attention: Collections/Bankruptcy Div.

P O BOX 347 (MSC #31)

$67,200.24 0.00

3 $3,704,354.92

100

EagleBank Secured

PAID AT CLOSING PER COURT ORDER (DOCKET NO. 54).

Potomac, MD 20854

c/o Benjamin P. Smith, Esq.,Shulman

Rogers Gandal Pordy & Ecker, PA,12505 Pa

$3,704,354.92 0.00

<< Totals >> 5,450,082.74 3,955,567.66 1,494,515.08

Case 17-12669-BFK Doc 68 Filed 05/29/19 Entered 05/29/19 11:41:01 Desc Main

 Document Page 6 of 9
Case No.:

Case Name:

Trustee Name:

Exhibit D

17-12669-BFK

ALANS CORNER, LLC

Janet M. Meiburger

TRUSTEE'S PROPOSED DISTRIBUTION

Claims of secured creditors will be paid as follows:

Claimant Proposed

Payment

Balance on hand: $ 118,838.24

Claim

No.

Interim Payments

to Date

Allowed Amount

of Claim

Claim

Asserted

US Small Business 1,545,676.84

Administration

1 1,545,676.84 170,000.00 0.00

Treasurer, County of 40,909.68

Loudoun, Virginia

2 67,200.24 67,200.24 0.00

3 EagleBank 3,556,930.19 3,704,354.92 3,704,354.92 0.00

Remaining balance: $ 118,838.24

Total to be paid to secured creditors: $ 0.00

Applications for chapter 7 fees and administrative expenses have been filed as follows:

Reason/Applicant Interim Payments

to Date

Proposed

Payment

Total Requested

Trustee, Fees - Janet M. Meiburger 118,193.63 0.00 118,193.63

Trustee, Expenses - Janet M. Meiburger 294.61 0.00 294.61

Attorney for Trustee, Fees - The Meiburger Law Firm, P.C. 14,012.50 14,012.50 0.00

Charges, U.S. Bankruptcy Court 350.00 0.00 350.00

Remaining balance: $ 0.00

Total to be paid for chapter 7 administration expenses: $ 118,838.24

Applications for prior chapter fees and administrative expenses have been filed as follows:

Reason/Applicant Interim Payments

to Date

Proposed

Payment

Total Requested

None

Remaining balance: $ 0.00

Total to be paid for prior chapter administrative expenses: $ 0.00

UST Form 101-7-TFR (05/1/2011)

Case 17-12669-BFK Doc 68 Filed 05/29/19 Entered 05/29/19 11:41:01 Desc Main

 Document Page 7 of 9
In addition to the expenses of administration listed above as may be allowed by the

Allowed priority claims are:

general (unsecured) creditors.

Court, priority claims totaling $0.00 must be paid in advance of any dividend to

Claim 

No

Proposed

Payment

Claimant Allowed Amount

of Claim

Interim Payments

to Date

None

The actual distribution to wage claimants included above, if any, will be the proposed

payment less applicable withholding taxes (which will be remitted to the appropriate taxing

authorities).

Remaining balance: $ 0.00

Total to be paid for priority claims: $ 0.00

Timely allowed general (unsecured) claims are as follows:

Claim 

No

Proposed

Payment

Claimant Allowed Amount

of Claim

only after all allowed administrative and priority claims have been paid in full.

Timely claims of general (unsecured) creditors totaling $ 0.00 have been allowed and

The timely allowed general (unsecured) dividend is anticipated to be 0.0 percent,

will be paid pro rata

Interim Payments

to Date

plus interest (if applicable).

None

Remaining balance: $ 0.00

Total to be paid for timely general unsecured claims: $ 0.00

Tardily filed general (unsecured) claims are as follows:

allowed and will be paid pro rata only after all allowed administrative, priority and timely filed

Tardily filed claims of general (unsecured) creditors totaling $ 0.00 have been

to be 0.0 percent, plus interest (if applicable).

general (unsecured) claims have been paid in full. The tardily filed claim dividend is anticipated

Claim 

No

Proposed

Payment

Claimant Allowed Amount

of Claim

Interim Payments

to Date

None

Remaining balance: $ 0.00

Total to be paid for tardy general unsecured claims: $ 0.00

UST Form 101-7-TFR (05/1/2011)

Case 17-12669-BFK Doc 68 Filed 05/29/19 Entered 05/29/19 11:41:01 Desc Main

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Subordinated unsecured claims for fines, penalties, forfeitures or damages and claims

ordered subordinated by the Court are as follows:

pro rata only after all allowed administrative, priority and general (unsecured) claims have been paid

ordered subordinated by the Court totaling $ 0.00 have been allowed and will be paid

in full. The dividend for subordinated unsecured claims is anticipated to be 0.0 percent,

Subordinated unsecured claims for fines, penalties, forfeitures, or damages and claims

Claim 

No

Proposed

Payment

Claimant Allowed Amount

of Claim

Interim Payments

to Date

plus interest (if applicable).

None

Remaining balance: $ 0.00

Total to be paid for subordinated claims: $ 0.00

UST Form 101-7-TFR (05/1/2011)

Case 17-12669-BFK Doc 68 Filed 05/29/19 Entered 05/29/19 11:41:01 Desc Main

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