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: §

§

Rex V Ramirez § Case No. 16-25982

§

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 185.39 10,800.00 4.07 3 NORTHERN /2011 

ILLINOIS 0.00 0.00 0.00 

A 7

08/12/2016 10,610.54 0.00 

ems Inc. 08/12/2016 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/Cindy M. Johnson, 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)

1,799.46 40.45 0.00 02/19/2019 0.00 1,799.46 04/21/2017 04/21/2017 40.45 1,799.46

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Exhibit A

FORM 1

INDIVIDUAL ESTATE PROPERTY RECORD AND REPORT

ASSET CASES

Case No: 16-25982 PSH Judge: Pamela S. Hollis Trustee Name: Cindy M. Johnson, Trustee

Case Name: Rex V Ramirez Date Filed (f) or Converted (c): 08/12/2016 (f)

341(a) Meeting Date: 09/06/2016

For Period Ending: 02/19/2019 Claims Bar Date: 04/21/2017

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. Real Property 134,000.00 12,037.00 10,800.00 FA

2. Automobiles, trucks, trailers, and other vehicles and access 962.00 0.00 0.00 FA

3. Household goods and furnishings, including audio, video, and 150.00 150.00 0.00 FA

4. Clothing 100.00 100.00 0.00 FA

5. Cash 70.00 70.00 0.00 FA

6. Checking, savings or other financial accounts, certificates 300.00 300.00 0.00 FA

INT. Post-Petition Interest Deposits (u) Unknown N/A 0.00 Unknown

Gross Value of Remaining Assets

TOTALS (Excluding Unknown Values) $135,582.00 $12,657.00 $10,800.00 $0.00

(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:

Trustee filed motion to retain broker, but received a buy back offer of estate
s interest from debtor. Settlement for buy back approved 1/19/18 (doc. 48). 

RE PROP # 1 -- 21542 Freeport Court, Plainfield IL 60544

RE PROP # 2 -- Chevrolet Equinox 2005 approximate mileage 185000

RE PROP # 3 -- Furniture and appliances

RE PROP # 4 -- Clothes Value of asset insufficient to administer. 

RE PROP # 5 -- Cash 

RE PROP # 6 -- Checking Chase

Initial Projected Date of Final Report (TFR): 10/25/2018 Current Projected Date of Final Report (TFR): 12/28/2018

Page: 1

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

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Exhibit B

FORM 2

ESTATE CASH RECEIPTS AND DISBURSEMENTS RECORD

Case No: 16-25982 Trustee Name: Cindy M. Johnson, Trustee

Case Name: Rex V Ramirez Bank Name: BOK Financial

Account Number/CD#: XXXXXX0638

Checking

Taxpayer ID No: XX-XXX1058 Blanket Bond (per case limit): $5,000,000.00

For Period Ending: 02/19/2019 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 

($)

02/01/18 1 Giudice Law LTD

201 N Church Rd

Bensenville, IL 60106-4310

Buy out interest in the estate 

Home buyout

1110-000 $10,800.00 $10,800.00

02/28/18 BOK Financial Bank Service Fee under 11 

U.S.C.  330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $12.42 $10,787.58

03/30/18 BOK Financial Bank Service Fee under 11 

U.S.C.  330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $16.03 $10,771.55

04/30/18 BOK Financial Bank Service Fee under 11 

U.S.C.  330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $15.49 $10,756.06

05/31/18 BOK Financial Bank Service Fee under 11 

U.S.C.  330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $15.98 $10,740.08

06/29/18 BOK Financial Bank Service Fee under 11 

U.S.C.  330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $15.44 $10,724.64

07/31/18 BOK Financial Bank Service Fee under 11 

U.S.C.  330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $15.94 $10,708.70

08/31/18 BOK Financial Bank Service Fee under 11 

U.S.C.  330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $15.91 $10,692.79

09/28/18 BOK Financial Bank Service Fee under 11 

U.S.C.  330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $15.38 $10,677.41

10/31/18 BOK Financial Bank Service Fee under 11 

U.S.C.  330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $15.86 $10,661.55

11/30/18 BOK Financial Bank Service Fee under 11 

U.S.C.  330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $15.33 $10,646.22

12/31/18 BOK Financial Bank Service Fee under 11 

U.S.C.  330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $15.82 $10,630.40

Page Subtotals: $10,800.00 $169.60

Page: 1

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: 16-25982 Trustee Name: Cindy M. Johnson, Trustee

Case Name: Rex V Ramirez Bank Name: BOK Financial

Account Number/CD#: XXXXXX0638

Checking

Taxpayer ID No: XX-XXX1058 Blanket Bond (per case limit): $5,000,000.00

For Period Ending: 02/19/2019 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 

($)

01/31/19 BOK Financial Bank Service Fee under 11 

U.S.C.  330(a)(1)(B), 503(b)

(1), and 507(a)(2)

2600-000 $15.79 $10,614.61

02/18/19 101 International Sureties, LTD

Suite 420

701 Poydras St

New Orleans, LA 70139

Payment of 2019 Bond 2300-000 $4.07 $10,610.54

COLUMN TOTALS $10,800.00 $189.46

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

Subtotal $10,800.00 $189.46

Less: Payments to Debtors $0.00 $0.00

Net $10,800.00 $189.46

Page Subtotals: $0.00 $19.86

Page: 2

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

XXXXXX0638 - Checking $10,800.00 $189.46 $10,610.54

$10,800.00 $189.46 $10,610.54

(Excludes account

transfers)

(Excludes payments

to debtors)

Total Funds on Hand

Total Allocation Receipts: $0.00

Total Net Deposits: $10,800.00

Total Gross Receipts: $10,800.00

Page Subtotals: $0.00 $0.00

Page: 3

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

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Exhibit C

ANALYSIS OF CLAIMS REGISTER

Case Number: 16-25982 Date: February 19, 2019

Debtor Name: Rex V Ramirez

Claims Bar Date: 4/21/2017

Page 1 Printed: February 19, 2019

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

$0.00 $1,799.46 $1,799.46

100

2100

Cindy M. Johnson

140 S. Dearborn St., Suite 1510

Chicago, Illinois 60603

Administrative

$0.00 $40.45 $40.45

100

2200

Cindy M. Johnson

140 S. Dearborn St., Suite 1510

Chicago, Illinois 60603

Administrative

$0.00 $1,407.50 $1,407.50

100

3410

Alan D. Lasko & Associates, P.C.

205 West Randolph Street

Suite 1150

Chicago, Illinois 60606

Administrative

$0.00 $22.80 $22.80

100

3420

Alan D. Lasko & Associates, P.C.

205 West Randolph Street

Suite 1150

Chicago, Illinois 60606

Administrative

1 $6,357.00 $6,943.73 $6,943.73

300

7100

Cavalry Spv I, Llc

500 Summit Lake Drive, Ste 400

Valhalla, Ny 10595

Unsecured

Case Totals $6,357.00 $10,213.94 $10,213.94

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.: 16-25982

Case Name: Rex V Ramirez

Trustee Name: Cindy M. Johnson, 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:

Balance on hand $

Reason/Applicant Total Requested

Interim Payments

to Date

Proposed

Payment

Trustee Fees: Cindy M. Johnson $ $ $

Trustee Expenses: Cindy M. Johnson $ $ $

Accountant for Trustee Fees: Alan D. Lasko

& Associates, P.C. $ $ $

Accountant for Trustee Expenses: Alan D.

Lasko & Associates, P.C. $ $ $

Total to be paid for chapter 7 administrative expenses $

Remaining Balance $

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

0.00 40.45 1,407.50 3,270.21 0.00 0.00 1,407.50 0.00 1,799.46 40.45 7,340.33 22.80 22.80 0.00 10,610.54 1,799.46

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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).

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

1 Cavalry Spv I, Llc $ $ $

Total to be paid to timely general unsecured creditors $

Remaining Balance $

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

6,943.73 0.00 0.00 0.0 100.0 0.00 6,943.73 0.0 6,943.73 396.60 6,943.73

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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)

0.5 91.21 305.39

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