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

UNITED STATES BANKRUPTCY COURT

NORTHERN DISTRICT OF ILLINOIS

EASTERN DIVISION

In re: §

§

§

§

§

§

Case No. 16-27655

MICHAEL KORAJDA

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)

David P. Leibowitz, chapter 7 trustee, submits this Final Account, Certification that the 

Estate has been Fully Administered and Application to be Discharged.

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: $605.00 Assets Exempt: $6,600.00

(without deducting any secured claims)

Total Distributions to 

Claimants: $1,792.99

Claims Discharged 

Without Payment: $49,638.60

Total Expenses of 

Administration: $1,277.44

3) Total gross receipts of $3,070.43 (see Exhibit 1), minus funds paid to the 

debtor(s) and third parties of $0.00 (see Exhibit 2), yielded net receipts of $3,070.43 from the 

liquidation of the property of the estate, which was distributed as follows:

Case 16-27655 Doc 33 Filed 09/26/18 Entered 09/26/18 16:37:04 Desc Main

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

CLAIMS 

SCHEDULED

CLAIMS 

ASSERTED

CLAIMS 

ALLOWED

CLAIMS

PAID

Secured Claims 

(from Exhibit 3) $0.00 $0.00 $0.00 $0.00

Priority Claims:

Chapter 7 Admin.

Fees and Charges

(from Exhibit 4)

NA $1,277.44 $1,277.44 $1,277.44

Prior Chapter Admin.

Fees and Charges 

(from Exhibit 5)

NA $0.00 $0.00 $0.00

Priority Unsecured 

Claims 

(From Exhibit 6)

$1,386.00 $1,167.88 $1,167.88 $1,167.88

General Unsecured 

Claims (from Exhibit 7) $51,080.00 $45,811.71 $45,811.71 $625.11

Total Disbursements $52,466.00 $48,257.03 $48,257.03 $3,070.43

4). This case was originally filed under chapter 7 on 08/29/2016. The case was pending 

for 25 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: 09/06/2018 By:

/Da

vid 

P. 

Lei

bo

wit

z

/s/ David P. Leibowitz

 Trustee

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.

Case 16-27655 Doc 33 Filed 09/26/18 Entered 09/26/18 16:37:04 Desc Main

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

EXHIBITS TO

FINAL ACCOUNT

EXHIBIT 1 – GROSS RECEIPTS

DESCRIPTION UNIFORM 

TRAN. CODE

AMOUNT 

RECEIVED

Inventory of "Otaku Play Ltd" 1129-000 $3,000.00 

IL Unclaimed Funds 1229-000 $70.43 

TOTAL GROSS RECEIPTS $3,070.43 

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

EXHIBIT 2 – FUNDS PAID TO DEBTOR & THIRD PARTIES

NONE

EXHIBIT 3 – SECURED CLAIMS

 NONE

 EXHIBIT 4 – CHAPTER 7 ADMINISTRATIVE FEES and CHARGES

 

PAYEE UNIFORM 

TRAN. CODE

CLAIMS 

SCHEDULED

CLAIMS 

ASSERTED

CLAIMS 

ALLOWED

CLAIMS 

PAID

David P. Leibowitz, 

Trustee 

2100-000 NA $767.61 $767.61 $767.61 

David P. Leibowitz, 

Trustee 

2200-000 NA $18.14 $18.14 $18.14 

Green Bank 2600-000 NA $12.98 $12.98 $12.98 

Lakelaw, Attorney for 

Trustee 

3110-000 NA $465.00 $465.00 $465.00 

Lakelaw, Attorney for 

Trustee 

3120-000 NA $13.71 $13.71 $13.71 

TOTAL CHAPTER 7 ADMIN. FEES AND 

CHARGES

NA $1,277.44 $1,277.44 $1,277.44 

EXHIBIT 5 – PRIOR CHAPTER ADMINISTRATIVE FEES and CHARGES

 NONE

EXHIBIT 6 – PRIORITY UNSECURED CLAIMS

 

CLAIM 

NUMBER

CLAIMANT UNIFORM 

TRAN. CODE

CLAIMS 

SCHEDULED

CLAIMS 

ASSERTED

CLAIMS 

ALLOWED

CLAIMS 

PAID

1 DEPARTMENT 

OF THE 

TREASURY 

5800-000 $1,386.00 $1,167.88 $1,167.88 $1,167.88 

TOTAL PRIORITY UNSECURED CLAIMS $1,386.00 $1,167.88 $1,167.88 $1,167.88 

EXHIBIT 7 – GENERAL UNSECURED CLAIMS

 

Case 16-27655 Doc 33 Filed 09/26/18 Entered 09/26/18 16:37:04 Desc Main

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

CLAIM 

NUMBER

CLAIMANT UNIFORM 

TRAN. CODE

CLAIMS 

SCHEDULED

CLAIMS 

ASSERTED

CLAIMS 

ALLOWED

CLAIMS 

PAID

1a DEPARTMENT 

OF THE 

TREASURY 

7300-000 $1,386.00 $110.04 $110.04 $0.00 

2 American Express 

Bank FSB 

7100-900 $42,615.00 $42,615.09 $42,615.09 $582.89 

3 Portfolio 

Recovery 

Associates, LLC 

7100-900 $270.00 $327.17 $327.17 $0.00 

Clerk, US 

Bankruptcy Court 

(Claim No. 3; 

Portfolio 

Recovery 

Associates, LLC) 

7100-901 $0.00 $0.00 $0.00 $4.48 

4 Portfolio 

Recovery 

Associates, LLC 

7100-900 $2,357.00 $2,759.41 $2,759.41 $37.74 

CBNA 7100-000 $4,452.00 $0.00 $0.00 $0.00

TOTAL GENERAL UNSECURED CLAIMS $51,080.00 $45,811.71 $45,811.71 $625.11 

Case 16-27655 Doc 33 Filed 09/26/18 Entered 09/26/18 16:37:04 Desc Main

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KORAJDA, MICHAEL 08/29/2016 (f)

16-27655

Page No: 1

Date Filed (f) or Converted (c):

Trustee Name: David Leibowitz

Case Name:

Case No.:

FORM 1

INDIVIDUAL ESTATE PROPERTY RECORD AND REPORT

ASSET CASES

Exhibit 8

Asset Description

(Scheduled and

Unscheduled (u) Property)

1 2

 Petition/

Unscheduled

Value

3

Estimated Net Value

(Value Determined by

Trustee,

Less Liens, Exemptions,

and Other Costs)

Property

 Abandoned 

OA =§ 554(a) abandon.

4 5

Sales/Funds

Received by 

the Estate

6

Asset Fully Administered (FA)/

Gross Value of Remaining Assets

For the Period Ending: §341(a) Meeting Date: 

Claims Bar Date:

9/6/2018 09/22/2016

01/17/2017

Ref. #

1 Honda Fit 2010 54,000 Jointly owned with $3,030.00 $0.00 $0.00

mother

FA

2 Desk and file cabinet $100.00 $100.00 $0.00 FA

3 Flat screen TV, computer, printer, music $450.00 $405.00 $0.00

collection, cell phone, 2 gaming systems

FA

4 Tools $100.00 $100.00 $0.00 FA

5 Necessary wearing apparel $200.00 $0.00 $0.00 FA

6 Checking Account Bank of America $20.00 $0.00 $0.00 FA

7 Otaku Play Ltd $0.00 $0.00 $0.00 FA

8 Inventory of "Otaku Play Ltd" $7,356.00 $4,051.00 $3,000.00 FA

Asset Notes: Amended schedule C (dkt 21)

9 IL Unclaimed Funds (u) $0.00 $70.43 $70.43 FA

Asset Notes: Claim #6397892

TOTALS (Excluding unknown value) Gross Value of Remaining Assets

Major Activities affecting case closing:

2018 Reporting Period:

Trustee's Final Report was submitted on June 28, 2018.

06/29/2018

$11,256.00 $4,726.43 $3,070.43 $0.00 

Initial Projected Date Of Final Report (TFR): 10/09/2017 Current Projected Date Of Final Report (TFR):

DAVID LEIBOWITZ

/s/ DAVID LEIBOWITZ

Case 16-27655 Doc 33 Filed 09/26/18 Entered 09/26/18 16:37:04 Desc Main

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Green Bank

David Leibowitz

KORAJDA, MICHAEL

16-27655

FORM 2

CASH RECEIPTS AND DISBURSEMENTS RECORD

Case Name: Bank Name:

Case No. Trustee Name: 

Page No: 1 Exhibit 9

Account Title:

Primary Taxpayer ID #:

Co-Debtor Taxpayer ID #: 

**-***1206 Checking Acct #: ******5501

For Period Ending: 9/6/2018

Blanket bond (per case limit): $5,000,000.00 

Separate bond (if applicable):

For Period Beginning: 8/29/2016

1

Transaction

Date

2

Check /

Ref. #

3

Paid to/

Received From

4

Description of Transaction

5

Deposit

$

6

Disbursement

$

Uniform

Tran Code

7

Balance

12/07/2016 (8) KORAJDA, MICHAEL Payment to purchase estate's interest in inventory (per 1129-000 $500.00 $500.00 

order entered 11/08/2016, dkt #17) (1 of 6)

12/21/2016 (8) KORAJDA, MICHAEL Payment to purchase estate's interest in inventory (per 1129-000 $500.00 $1,000.00 

order entered 11/08/2016, dkt #17) (2 of 6)

12/30/2016 Green Bank Bank Service Fee 2600-000 $0.88 $999.12 

01/19/2017 (8) KORAJDA, MICHAEL Payment to purchase estate's interest in inventory (per 1129-000 $500.00 $1,499.12 

order entered 11/08/2016, dkt #17) (3 of 6)

01/31/2017 Green Bank Bank Service Fee 2600-000 $1.92 $1,497.20 

02/21/2017 (8) KORAJDA, MICHAEL Payment to purchase estate's interest in inventory (per 1129-000 $500.00 $1,997.20 

order entered 11/08/2016, dkt #17) (4 of 6)

02/28/2017 Green Bank Bank Service Fee 2600-000 $2.36 $1,994.84 

03/16/2017 (8) KORAJDA, MICHAEL Payment to purchase estate's interest in inventory (per 1129-000 $500.00 $2,494.84 

order entered 11/08/2016, dkt #17) (5 of 6)

03/31/2017 Green Bank Bank Service Fee 2600-000 $3.86 $2,490.98 

04/17/2017 (8) KORAJDA, MICHAEL Payment to purchase estate's interest in inventory (per 1129-000 $500.00 $2,990.98 

order entered 11/08/2016, dkt #17) (6 of 6)

04/28/2017 Green Bank Bank Service Fee 2600-000 $3.96 $2,987.02 

08/21/2017 (9) Treasurer Unclaimed funds from State of Illinois 1229-000 $70.43 $3,057.45 

08/09/2018 3001 David P. Leibowitz Trustee Expenses 2200-000 $18.14 $3,039.31 

08/09/2018 3002 David P. Leibowitz Trustee Compensation 2100-000 $767.61 $2,271.70 

08/09/2018 3003 Lakelaw Claim #: ; Amount Claimed: $13.71; Distribution 3120-000 $13.71 $2,257.99 

Dividend: 100.00%;

08/09/2018 3004 Lakelaw Claim #: ; Amount Claimed: $465.00; Distribution 3110-000 $465.00 $1,792.99 

Dividend: 100.00%;

08/09/2018 3005 DEPARTMENT OF THE TREASURY Claim #: 1; Amount Claimed: $1,167.88; Distribution 5800-000 $1,167.88 $625.11 

Dividend: 100.00%;

08/09/2018 3006 American Express Bank FSB Claim #: 2; Amount Claimed: $42,615.09; Distribution 7100-900 $582.89 $42.22 

Dividend: 1.37%;

SUBTOTALS $3,070.43 $3,028.21 

Case 16-27655 Doc 33 Filed 09/26/18 Entered 09/26/18 16:37:04 Desc Main

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Green Bank

David Leibowitz

KORAJDA, MICHAEL

16-27655

FORM 2

CASH RECEIPTS AND DISBURSEMENTS RECORD

Case Name: Bank Name:

Case No. Trustee Name: 

Page No: 2 Exhibit 9

Account Title:

Primary Taxpayer ID #:

Co-Debtor Taxpayer ID #: 

**-***1206 Checking Acct #: ******5501

For Period Ending: 9/6/2018

Blanket bond (per case limit): $5,000,000.00 

Separate bond (if applicable):

For Period Beginning: 8/29/2016

1

Transaction

Date

2

Check /

Ref. #

3

Paid to/

Received From

4

Description of Transaction

5

Deposit

$

6

Disbursement

$

Uniform

Tran Code

7

Balance

08/09/2018 3007 Clerk, US Bankruptcy Court Small Dividends * $4.48 $37.74 

Claim Amount $(4.48) 7100-901 $37.74 

08/09/2018 3008 Portfolio Recovery Associates, LLC Claim #: 4; Amount Claimed: $2,759.41; Distribution 7100-900 $37.74 $0.00 

Dividend: 1.37%;

TOTALS:

Less: Bank transfers/CDs

Subtotal

Less: Payments to debtors

Net

$3,070.43 $3,070.43 

$0.00 $0.00 

$3,070.43 $3,070.43 

$0.00 $0.00 

$3,070.43 $3,070.43 $0.00 

Total Compensable Receipts:

Total Non-Compensable Receipts:

Total Comp/Non Comp Receipts:

Total Internal/Transfer Receipts:

Total Compensable Disbursements:

Total Non-Compensable Disbursements:

Total Comp/Non Comp Disbursements:

Total Internal/Transfer Disbursements:

$3,070.43 

$0.00 

$3,070.43 

$3,070.43 

$0.00 

$3,070.43 

$0.00 

$0.00 

For the period of 8/29/2016 to 9/6/2018

$3,070.43 

$0.00 

$3,070.43 

$0.00 

$3,070.43 

$3,070.43 

$0.00 

Total Compensable Receipts:

Total Non-Compensable Receipts:

Total Comp/Non Comp Receipts:

Total Internal/Transfer Receipts:

Total Compensable Disbursements:

Total Non-Compensable Disbursements:

Total Comp/Non Comp Disbursements:

For the entire history of the account between 12/07/2016 to 9/6/2018

Total Internal/Transfer Disbursements: $0.00 

Case 16-27655 Doc 33 Filed 09/26/18 Entered 09/26/18 16:37:04 Desc Main

 Document Page 7 of 8
Green Bank

David Leibowitz

KORAJDA, MICHAEL

16-27655

FORM 2

CASH RECEIPTS AND DISBURSEMENTS RECORD

Case Name: Bank Name:

Case No. Trustee Name: 

Page No: 3 Exhibit 9

Account Title:

Primary Taxpayer ID #:

Co-Debtor Taxpayer ID #: 

**-***1206 Checking Acct #: ******5501

For Period Ending: 9/6/2018

Blanket bond (per case limit): $5,000,000.00 

Separate bond (if applicable):

For Period Beginning: 8/29/2016

1

Transaction

Date

2

Check /

Ref. #

3

Paid to/

Received From

4

Description of Transaction

5

Deposit

$

6

Disbursement

$

Uniform

Tran Code

7

Balance

TOTAL - ALL ACCOUNTS NET DEPOSITS DISBURSE

NET

BALANCES

ACCOUNT

$3,070.43 $3,070.43 $0.00 

Total Compensable Receipts:

Total Non-Compensable Receipts:

Total Comp/Non Comp Receipts:

Total Internal/Transfer Receipts:

Total Compensable Disbursements:

Total Non-Compensable Disbursements:

Total Comp/Non Comp Disbursements:

Total Internal/Transfer Disbursements:

For the period of 8/29/2016 to 9/6/2018

$3,070.43 

$3,070.43 

$3,070.43 

$0.00 

$3,070.43 

$0.00 

$0.00 

$0.00 

Total Compensable Receipts:

Total Non-Compensable Receipts:

Total Comp/Non Comp Receipts:

Total Internal/Transfer Receipts:

Total Compensable Disbursements:

Total Non-Compensable Disbursements:

Total Comp/Non Comp Disbursements:

For the entire history of the case between 08/29/2016 to 9/6/2018

$3,070.43 

$0.00 

$3,070.43 

$0.00 

$3,070.43 

$3,070.43 

$0.00 

Total Internal/Transfer Disbursements: $0.00 

/s/ DAVID LEIBOWITZ

DAVID LEIBOWITZ

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