UNITED STATES BANKRUPTCY COURT

 

 

 DISTRICT OF 

 DIVISION

 

TRUSTEE’S FINAL REPORT (TFR)

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

1. A petition under chapter of the United States Bankruptcy Code was filed on

. The undersigned trustee was appointed on .

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

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. An individual estate property record and report showing the

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

In re: §

§

MARK JOSEPH RITTER § Case No. 16-24153

§

Debtor §

4. The trustee realized gross receipts of $

Funds were disbursed in the following amounts:

Payments made under an interim

disbursement

Administrative expenses

Bank service fees

Other payments to creditors

Non-estate funds paid to 3rd Parties

Exemptions paid to the debtor

Other payments to the debtor

Leaving a balance on hand of1$

The remaining funds are available for distribution.

____________________

1

The 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.

UST Form 101-7-TFR (5/1/2011) (Page: 1)

0.00 

101-7-TFR /2009 0.00 7,000.00 0.00 3 NORTHERN /2011 

ILLINOIS 0.00 0.00 0.00 

A 7

07/27/2016 7,000.00 0.00 

ems Inc. 07/27/2016 EASTERN

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

account.

6. The deadline for filing non-governmental claims in this case was and the

deadline for filing governmental claims was . All claims of each class 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 Exhibit C.

7. The Trustee’s proposed distribution is attached as Exhibit D.

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

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

compensation may increase.

The trustee has received $ as interim compensation and now requests a sum of

$ , for a total compensation of $ 2

. In addition, the trustee received

reimbursement for reasonable and necessary expenses in the amount of $ , and now requests

reimbursement for expenses of $ , for total expenses of $ 2.

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

foregoing report is true and correct.

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.

Date: By:/s/Peter N. Metrou, Trustee

Trustee

____________________

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).

UST Form 101-7-TFR (5/1/2011) (Page: 2)

1,440.22 136.60 0.00 08/22/2017 0.00 1,440.22 03/16/2017 136.60 1,440.22

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Exhibit A

FORM 1

INDIVIDUAL ESTATE PROPERTY RECORD AND REPORT

ASSET CASES

Case No: 16-24153 BWB Judge: Bruce W. Black Trustee Name: Peter N. Metrou, Trustee

Case Name: MARK JOSEPH RITTER Date Filed (f) or Converted (c): 07/27/2016 (f)

341(a) Meeting Date: 08/22/2016

For Period Ending: 08/22/2017 Claims Bar Date: 03/16/2017

1 2 3 4 5 6

Asset Description

(Scheduled and Unscheduled (u) Property)

Petition/

Unscheduled

Values

Est Net Value

(Value Determined by 

Trustee, Less Liens, 

Exemptions,

and Other Costs)

Property Formally

Abandoned

OA=554(a)

Sale/Funds

Received by

the Estate

Asset Fully

Administered (FA)/

Gross Value of Remaining 

Assets

1. 2228 S.E. 15TH TERRACE

CAPE CORAL FL 33990-0000 LEE

74,820.00 149,640.00 7,000.00 FA

2. 50% OWNERSHIP INTEREST IN HOUSEHOLD GOODS 

AND FURNITURE VALU

2,500.00 0.00 0.00 FA

3. 50% OWNERSHIP INTEREST IN HOUSEHOLD 

ELECTRONICS VALUED AT $1

500.00 0.00 0.00 FA

4. REMINGTON 770 RIFLE LOCATION: 24520 S. KANKAKEE 

ST., MANHATT

200.00 0.00 0.00 FA

5. CLOTHING AND OUTDOOR APPAREL LOCATION: 24520 

S. KANKAKEE ST.

300.00 0.00 0.00 FA

6. GOLD WEDDING BAND IN DEBTOR'S POSSESSION 250.00 0.00 0.00 FA

7. CASH DEBTOR'S POSSESSION 400.00 0.00 0.00 FA

8. FIRST BANK OF MANHATTAN 176.19 0.00 0.00 FA

9. PRUDENTIAL ALLIANCE ACCOUNT 655.77 0.00 0.00 FA

10. TRADITIONAL IRA ADMINISTERED BY JANUS 

CUSTODIAN: STATE STREE

6,647.52 0.00 0.00 FA

11. TERM LIFE INSURANCE MASS MUTUAL FINANCIAL 

GROUP

0.00 0.00 0.00 FA

12. WHOLE LIFE INSURANCE PROTECTIVE LIFE INSURANCE 

CO.

1,865.00 0.00 0.00 FA

13. CLAIM AGAINST DAVID FRAWLEY FOR FAILURE TO 

PURCHASE 14021 W.

246,517.00 0.00 0.00 FA

14. 11/28/11 JUDGMENT AGAINST SYED NOORUDDIN IN 

FAVOR OF RITTER 

6,483.00 0.00 0.00 FA

15. 50% OWNERSHIP INTEREST IN OFFICE EQUIPMENT AND 

SUPPLIES VALU

100.00 0.00 0.00 FA

16. Undetermined interest in the William P. Ritter Revocable Tru 0.00 0.00 0.00 FA

Gross Value of Remaining Assets

TOTALS (Excluding Unknown Values) $341,414.48 $149,640.00 $7,000.00 $0.00

Page: 1

UST Form 101-7-TFR (5/1/2011) (Page: 3)

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Exhibit A

(Total Dollar Amount in Column 6)

Major activities affecting case closing which are not reflected above, and matters pending, date of hearing or sale, and other action:

Investigation into real estate, preferential/fraudulent transfers and bank accounts. Employed general estate counsel to investigate assets and various possible transfers 

11/16/2016. Employed Real Estate %roker for Florida property valuation 1/17/2017. Filed Mt to Ext on 2/21/17 see Dkt #40.

RE PROP # 16 -- Received and Reviewed trust doc and spoke to trust attorney.

Initial Projected Date of Final Report (TFR): 12/01/2017 Current Projected Date of Final Report (TFR): 

Page: 2

UST Form 101-7-TFR (5/1/2011) (Page: 4)

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Exhibit B

FORM 2

ESTATE CASH RECEIPTS AND DISBURSEMENTS RECORD

Case No: 16-24153 Trustee Name: Peter N. Metrou, Trustee

Case Name: MARK JOSEPH RITTER Bank Name: Associated Bank

Account Number/CD#: XXXXXX5991

Checking

Taxpayer ID No: XX-XXX3878 Blanket Bond (per case limit): $1,000,000.00

For Period Ending: 08/22/2017 Separate Bond (if applicable):

1 2 3 4 5 6 7

Transaction Date Check or 

Reference

Paid To / Received From Description of Transaction Uniform Tran. 

Code

Deposits ($) Disbursements ($) Account/CD Balance 

($)

08/03/17 1 Catherine Ritter

No address on check

Debtor's Spouse

Court Approved settlement 

Settlement on equity per dkt# 

46

1110-000 $7,000.00 $7,000.00

COLUMN TOTALS $7,000.00 $0.00

Less: Bank Transfers/CD's $0.00 $0.00

Subtotal $7,000.00 $0.00

Less: Payments to Debtors $0.00 $0.00

Net $7,000.00 $0.00

Page Subtotals: $7,000.00 $0.00

Page: 1

UST Form 101-7-TFR (5/1/2011) (Page: 5)

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Exhibit B

TOTAL OF ALL ACCOUNTS

NET ACCOUNT

NET DEPOSITS DISBURSEMENTS BALANCE

XXXXXX5991 - Checking $7,000.00 $0.00 $7,000.00

$7,000.00 $0.00 $7,000.00

(Excludes account

transfers)

(Excludes payments

to debtors)

Total Funds on Hand

Total Allocation Receipts: $0.00

Total Net Deposits: $7,000.00

Total Gross Receipts: $7,000.00

Page Subtotals: $0.00 $0.00

Page: 2

UST Form 101-7-TFR (5/1/2011) (Page: 6)

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Exhibit C

ANALYSIS OF CLAIMS REGISTER

Case Number: 16-24153 Date: August 22, 2017

Debtor Name: MARK JOSEPH RITTER

Claims Bar Date: 3/16/2017

Page 1 Printed: August 22, 2017

Code # Creditor Name And Address Claim Class Notes Scheduled Claimed Allowed

$0.00 $1,440.22 $1,440.22

100

2100

Peter N. Metrou

123 W. Washington St., Ste 216

Oswego, IL 60543

Administrative

Payment Status:

Valid To Pay

$0.00 $136.60 $136.60

100

2200

Peter N. Metrou

123 W. Washington St., Ste 216

Oswego, IL 60543

Administrative

Payment Status:

Valid To Pay

$0.00 $750.00 $750.00

100

3510

Re/Max Realty Group

1337 Cape Coral Parkway E

Cape Coral, FL 33904

Administrative

Payment Status:

Valid To Pay See c/o Dkt #46

1 $0.00 $34,166.91 $34,166.91

300

7100

LAMARCHE ELECTRIC CO.

1951 AIRWAY CT, UNIT 1

NEW LENOX, IL 60451

Unsecured

Payment Status:

Withdrawn

2 $0.00 $4,548.55 $4,548.55

300

7100

SILVER CROSS HOSPITAL

1900 SILVER CROSS BLVD

ATTN: PATIENT ACCTS

NEW LENOX, IL 60451

Unsecured

Payment Status:

Valid To Pay

Case Totals $0.00 $41,042.28 $41,042.28

Code#: Trustee’s Claim Number, Priority Code, Claim Type (UTC)

UST Form 101-7-TFR (5/1/2011) (Page: 7)

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TRUSTEE’S PROPOSED DISTRIBUTION

Exhibit D

Case No.: 16-24153

Case Name: MARK JOSEPH RITTER

Trustee Name: Peter N. Metrou, Trustee

Claims of secured creditors will be paid as follows:

NONE

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

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

NONE

In addition to the expenses of administration listed above as may be allowed by the Court,

priority claims totaling $ must be paid in advance of any dividend to general (unsecured) creditors.

Allowed priority claims are:

NONE

Balance on hand $

Reason/Applicant Total Requested

Interim Payments

to Date

Proposed

Payment

Trustee Fees: Peter N. Metrou $ $ $

Trustee Expenses: Peter N. Metrou $ $ $

Other: Re/Max Realty Group $ $ $

Total to be paid for chapter 7 administrative expenses $

Remaining Balance $

UST Form 101-7-TFR (5/1/2011) (Page: 8)

0.00 136.60 0.00 750.00 2,326.82 1,440.22 0.00 136.60 4,673.18 750.00 0.00 7,000.00 1,440.22

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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).

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

be paid pro rata only after all allowed administrative and priority claims have been paid in full. The

timely allowed general (unsecured) dividend is anticipated to be percent, plus interest (if

applicable).

Timely allowed general (unsecured) claims are as follows:

Tardily filed claims of general (unsecured) creditors totaling $ have been allowed and will

be paid pro rata only after all allowed administrative, priority and timely filed general (unsecured) claims

have been paid in full. The tardily filed claim dividend is anticipated to be percent.

Tardily filed general (unsecured) claims are as follows:

NONE

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

subordinated by the Court totaling $ have been allowed and will be paid pro rata only after all

allowed administrative, priority and general (unsecured) claims have been paid in full. The dividend for

subordinated unsecured claims is anticipated to be percent.

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

subordinated by the Court are as follows:

Claim No. Claimant

Allowed Amount

of Claim

Interim Payments

to Date

Proposed

Payment

2

SILVER CROSS

HOSPITAL $ $ $

Total to be paid to timely general unsecured creditors $

Remaining Balance $

UST Form 101-7-TFR (5/1/2011) (Page: 9)

4,548.55 0.00 0.00 0.0 100.0 0.00 4,548.55 0.0 4,548.55 124.63 4,548.55

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NONE

To the extent funds remain after payment in full to all allowed claims, interest will be paid at the

legal rate of % pursuant to 11 U.S.C. § 726(a)(5). Funds available for interest are $ . The

amounts proposed for payment to each claimant, listed above, shall be increased to include the applicable

interest.

The amount of surplus returned to the debtor after payment of all claims and interest is

$ .

UST Form 101-7-TFR (5/1/2011) (Page: 10)

0.6 26.87 97.76

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