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

UNITED STATES BANKRUPTCY COURT

NORTHERN DISTRICT OF ILLINOIS

EASTERN DIVISION

In re: §

§

§

§

§

§

Case No. 16-24970

DENNIS ROBERT M LUZA

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: $106,850.00 Assets Exempt: $54,592.00

(without deducting any secured claims)

Total Distributions to 

Claimants: $8,502.55

Claims Discharged 

Without Payment: $52,779.87

Total Expenses of 

Administration: $5,516.42

3) Total gross receipts of $14,018.97 (see Exhibit 1), minus funds paid to the 

debtor(s) and third parties of $0.00 (see Exhibit 2), yielded net receipts of $14,018.97 from the 

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

Case 16-24970 Doc 43 Filed 09/26/18 Entered 09/26/18 16:38:35 Desc Main

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

CLAIMS 

SCHEDULED

CLAIMS 

ASSERTED

CLAIMS 

ALLOWED

CLAIMS

PAID

Secured Claims 

(from Exhibit 3) $179,401.19 $0.00 $0.00 $0.00

Priority Claims:

Chapter 7 Admin.

Fees and Charges

(from Exhibit 4)

NA $5,516.42 $5,516.42 $5,516.42

Prior Chapter Admin.

Fees and Charges 

(from Exhibit 5)

NA $0.00 $0.00 $0.00

Priority Unsecured 

Claims 

(From Exhibit 6)

$0.00 $0.00 $0.00 $0.00

General Unsecured 

Claims (from Exhibit 7) $57,957.70 $44,649.54 $44,649.54 $8,502.55

Total Disbursements $237,358.89 $50,165.96 $50,165.96 $14,018.97

4). This case was originally filed under chapter 7 on 08/03/2016. 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 16-24970 Doc 43 Filed 09/26/18 Entered 09/26/18 16:38:35 Desc Main

 Document Page 2 of 10
UST Form 101-7-TDR (10/1/2010)

EXHIBITS TO

FINAL ACCOUNT

EXHIBIT 1 – GROSS RECEIPTS

DESCRIPTION UNIFORM 

TRAN. CODE

AMOUNT 

RECEIVED

Foresters First Investors Life insurance 1129-000 $6,377.45 

Life Insurance Policies for Debtor's Parents (debtor pays and is 

beneficiary) 

1229-000 $3,000.00 

Preferential Transfer Claim v Merrick Bank 1241-000 $4,641.52 

TOTAL GROSS RECEIPTS $14,018.97 

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

 

CLAIM 

NUMBER

CLAIMANT UNIFORM 

TRAN. CODE

CLAIMS 

SCHEDULED

CLAIMS 

ASSERTED

CLAIMS 

ALLOWED

CLAIMS 

PAID

Citimortgage Inc 4110-000 $146,605.00 $0.00 $0.00 $0.00 

Hilton Grand 

Vacations Club 

4110-000 $15,773.19 $0.00 $0.00 $0.00 

Vistana Vacation 

Owner 

4110-000 $17,023.00 $0.00 $0.00 $0.00 

TOTAL SECURED CLAIMS $179,401.19 $0.00 $0.00 $0.00 

 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 $2,151.90 $2,151.90 $2,151.90 

David P. Leibowitz, 

Trustee 

2200-000 NA $16.89 $16.89 $16.89 

International Sureties, 

Ltd 

2300-000 NA $4.35 $4.35 $4.35 

Green Bank 2600-000 NA $255.45 $255.45 $255.45 

Office of the Clerk 

United States 

Bankruptcy Court 

2700-000 NA $350.00 $350.00 $350.00 

Lakelaw, Attorney for 

Trustee 

3110-000 NA $2,677.50 $2,677.50 $2,677.50 

Lakelaw, Attorney for 

Trustee 

3120-000 NA $60.33 $60.33 $60.33 

TOTAL CHAPTER 7 ADMIN. FEES AND 

CHARGES

NA $5,516.42 $5,516.42 $5,516.42 

Case 16-24970 Doc 43 Filed 09/26/18 Entered 09/26/18 16:38:35 Desc Main

 Document Page 3 of 10
UST Form 101-7-TDR (10/1/2010)

EXHIBIT 5 – PRIOR CHAPTER ADMINISTRATIVE FEES and CHARGES

 NONE

EXHIBIT 6 – PRIORITY UNSECURED CLAIMS

 NONE

EXHIBIT 7 – GENERAL UNSECURED CLAIMS

 

CLAIM 

NUMBER

CLAIMANT UNIFORM 

TRAN. CODE

CLAIMS 

SCHEDULED

CLAIMS 

ASSERTED

CLAIMS 

ALLOWED

CLAIMS 

PAID

1 Discover Bank 7100-900 $5,067.77 $5,067.77 $5,067.77 $965.05 

2 American Express 

Centurion Bank 

7100-900 $4,147.05 $4,147.05 $4,147.05 $789.72 

3 US DEPT OF 

EDUCATION 

7100-000 $32,110.00 $35,434.72 $35,434.72 $6,747.78 

Amex 7100-000 $3,063.00 $0.00 $0.00 $0.00 

Chase Card 7100-000 $3,035.37 $0.00 $0.00 $0.00 

Citi Cards 7100-000 $3,654.71 $0.00 $0.00 $0.00 

Fifth Third Bank 7100-000 $0.00 $0.00 $0.00 $0.00 

Lending Club 7100-000 $6,879.80 $0.00 $0.00 $0.00 

Merrick Bank 7100-000 $0.00 $0.00 $0.00 $0.00 

TOTAL GENERAL UNSECURED CLAIMS $57,957.70 $44,649.54 $44,649.54 $8,502.55 

Case 16-24970 Doc 43 Filed 09/26/18 Entered 09/26/18 16:38:35 Desc Main

 Document Page 4 of 10
LUZA, DENNIS ROBERT M 08/03/2016 (f)

16-24970

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 08/30/2016

01/11/2017

Ref. #

1 3925 Triumvera Drive Unit 14F Glenview, IL - $120,000.00 $0.00 $0.00

60025-0000 Cook County

FA

2 2004 Toyota Camry (115k miles) $3,000.00 $0.00 $0.00 FA

3 normal household goods and related accessories $1,500.00 $350.00 $0.00

at liquidation value

FA

4 normal wardrobe and related accessories $2,000.00 $0.00 $0.00 FA

5 checking account $250.00 $0.00 $0.00 FA

6 sole operator medical billing business minimal $1,500.00 $1,500.00 $0.00

assets/Medical Billing Experts, LLC. 100 %

FA

7 Roth IRA (First Investors) $11,623.00 $0.00 $0.00 FA

8 Simple IRA $12,856.00 $0.00 $0.00 FA

9 NCH 401K ( Fidelity Investments) $6,713.00 $0.00 $0.00 FA

10 possible tax refund $2,000.00 $0.00 $0.00 FA

11 Foresters First Investors Life insurance $5,385.00 $6,377.45 $6,377.45 FA

Asset Notes: Updated per amended schedule C (10/17/2016, dkt #22)

12 Time share Hilton Grand Vacations Club Unknown $0.00 $0.00 FA

13 Time share Vistana Sheraton Unknown $0.00 $0.00 FA

14 Preferential Transfer Claim v Merrick Bank (u) $0.00 $4,641.52 $4,641.52 FA

15 Life Insurance Policies for Debtor's Parents $0.00 $3,320.00 $3,000.00

(debtor pays and is beneficiary)

(u) FA

Asset Notes: $3,320 is CSV less loans-- settled for $3,000, paid in installments of $275/month, per order dated 06/27/2017 (dkt #34).

TOTALS (Excluding unknown value) Gross Value of Remaining Assets

Major Activities affecting case closing:

2018 Reporting Period:

TFR submitted for UST review on June 15, 2018.

06/16/2018

$166,827.00 $16,188.97 $14,018.97 $0.00 

Case 16-24970 Doc 43 Filed 09/26/18 Entered 09/26/18 16:38:35 Desc Main

 Document Page 5 of 10
LUZA, DENNIS ROBERT M 08/03/2016 (f)

16-24970

Page No: 2

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 08/30/2016

01/11/2017

2017 Reporting Period:

The Trustee liquidated a Forrester's Life Insurance policy in the amount of $6,377.45 and recovered $4,641.52 from Merrick Bank for a preferential payment.

The Trustee has negotiated a settlement with the Debtor for the cash surrender value of two additional life insurance policies in his parents' names for which he pays and is the 

beneficiary. The cash surrender value is $3,320, and the Trustee has agreed to settle, subject to Court approval, for $3,000, payable in monthly installments of $275 per month. The 

final installment is due 5/15/18, after which the case will be ready for TFR.

06/06/2017

Initial Projected Date Of Final Report (TFR): 08/26/2017 Current Projected Date Of Final Report (TFR): 06/30/2018

DAVID LEIBOWITZ

/s/ DAVID LEIBOWITZ

Case 16-24970 Doc 43 Filed 09/26/18 Entered 09/26/18 16:38:35 Desc Main

 Document Page 6 of 10
Green Bank

David Leibowitz

LUZA, DENNIS ROBERT M

16-24970

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 #: 

**-***4236 Checking Acct #: ******7001

For Period Ending: 9/6/2018

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

Separate bond (if applicable):

For Period Beginning: 8/3/2016

1

Transaction

Date

2

Check /

Ref. #

3

Paid to/

Received From

4

Description of Transaction

5

Deposit

$

6

Disbursement

$

Uniform

Tran Code

7

Balance

02/22/2017 (11) LUZA, DENNIS ROBERT M Liquidation of Foresters Life Insurance policy - cash 1129-000 $6,377.45 $6,377.45 

surrender value (payor should be Foresters Life Insurance 

and Annuity Company)

02/28/2017 Green Bank Bank Service Fee 2600-000 $1.99 $6,375.46 

03/31/2017 Green Bank Bank Service Fee 2600-000 $10.95 $6,364.51 

04/12/2017 (14) Merrick Bank Corporation Recovery of Preferential Transfer Claim v Merrick Bank 1241-000 $4,641.52 $11,006.03 

04/28/2017 Green Bank Bank Service Fee 2600-000 $13.86 $10,992.17 

05/31/2017 Green Bank Bank Service Fee 2600-000 $17.73 $10,974.44 

06/30/2017 Green Bank Bank Service Fee 2600-000 $18.28 $10,956.16 

07/05/2017 (15) LUZA, DENNIS ROBERT M Settlement for value of parents' life insurance policies 1229-000 $275.00 $11,231.16 

(payment 1 of 11)

07/31/2017 Green Bank Bank Service Fee 2600-000 $16.92 $11,214.24 

08/01/2017 (15) LUZA, DENNIS ROBERT M Settlement for value of parents' life insurance policies 1229-000 $275.00 $11,489.24 

(payment 2 of 11)

08/29/2017 (15) LUZA, DENNIS ROBERT M Settlement for value of parents' life insurance policies 1229-000 $275.00 $11,764.24 

(payment 3 of 11)

08/31/2017 Green Bank Bank Service Fee 2600-000 $18.56 $11,745.68 

09/26/2017 (15) LUZA, DENNIS ROBERT M Settlement for value of parents' life insurance policies 1229-000 $275.00 $12,020.68 

(payment 4 of 11)

09/29/2017 Green Bank Bank Service Fee 2600-000 $19.02 $12,001.66 

10/31/2017 Green Bank Bank Service Fee 2600-000 $18.74 $11,982.92 

11/02/2017 (15) LUZA, DENNIS ROBERT M Settlement for value of parents' life insurance policies 1229-000 $275.00 $12,257.92 

(payment 5 of 11)

11/30/2017 (15) LUZA, DENNIS ROBERT M Settlement for value of parents' life insurance policies 1229-000 $275.00 $12,532.92 

(payment 6 of 11)

11/30/2017 Green Bank Bank Service Fee 2600-000 $18.72 $12,514.20 

12/27/2017 (15) LUZA, DENNIS ROBERT M Settlement for value of parents' life insurance policies 1229-000 $275.00 $12,789.20 

(payment 7 of 11)

12/29/2017 Green Bank Bank Service Fee 2600-000 $19.82 $12,769.38 

SUBTOTALS $12,943.97 $174.59 

Case 16-24970 Doc 43 Filed 09/26/18 Entered 09/26/18 16:38:35 Desc Main

 Document Page 7 of 10
Green Bank

David Leibowitz

LUZA, DENNIS ROBERT M

16-24970

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 #: 

**-***4236 Checking Acct #: ******7001

For Period Ending: 9/6/2018

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

Separate bond (if applicable):

For Period Beginning: 8/3/2016

1

Transaction

Date

2

Check /

Ref. #

3

Paid to/

Received From

4

Description of Transaction

5

Deposit

$

6

Disbursement

$

Uniform

Tran Code

7

Balance

01/31/2018 Green Bank Bank Service Fee 2600-000 $20.16 $12,749.22 

02/07/2018 3001 International Sureties, Ltd 2018 Bond Payment (Bond# 016073584) 2300-000 $4.35 $12,744.87 

02/14/2018 (15) LUZA, DENNIS ROBERT M Settlement for value of parents' life insurance policies 1229-000 $275.00 $13,019.87 

(payment 8 of 11)

02/28/2018 Green Bank Bank Service Fee 2600-000 $18.68 $13,001.19 

03/20/2018 (15) LUZA, DENNIS ROBERT M Settlement for value of parents' life insurance policies 1229-000 $275.00 $13,276.19 

(payment 9 of 11)

03/30/2018 Green Bank Bank Service Fee 2600-000 $21.82 $13,254.37 

04/11/2018 (15) LUZA, DENNIS ROBERT M Settlement for value of parents' life insurance policies 1229-000 $275.00 $13,529.37 

(payment 10 of 11)

04/30/2018 Green Bank Bank Service Fee 2600-000 $20.20 $13,509.17 

05/03/2018 (15) LUZA, DENNIS ROBERT M Settlement for value of parents' life insurance policies 1229-000 $250.00 $13,759.17 

(payment 11 of 11)

Office of the Clerk United States Bankruptcy 

Court

08/09/2018 3002 Claim #: ; Amount Claimed: $350.00; Distribution 2700-000 $350.00 $13,409.17 

Dividend: 100.00%;

08/09/2018 3003 David P. Leibowitz Trustee Expenses 2200-000 $16.89 $13,392.28 

08/09/2018 3004 David P. Leibowitz Trustee Compensation 2100-000 $2,151.90 $11,240.38 

08/09/2018 3005 Lakelaw Claim #: ; Amount Claimed: $2,677.50; Distribution 3110-000 $2,677.50 $8,562.88 

Dividend: 100.00%;

08/09/2018 3006 Lakelaw Claim #: ; Amount Claimed: $60.33; Distribution 3120-000 $60.33 $8,502.55 

Dividend: 100.00%;

08/09/2018 3007 Discover Bank Claim #: 1; Amount Claimed: $5,067.77; Distribution 7100-900 $965.05 $7,537.50 

Dividend: 19.04%;

08/09/2018 3008 American Express Centurion Bank Claim #: 2; Amount Claimed: $4,147.05; Distribution 7100-900 $789.72 $6,747.78 

Dividend: 19.04%;

08/09/2018 3009 US DEPT OF EDUCATION Claim #: 3; Amount Claimed: $35,434.72; Distribution 7100-000 $6,747.78 $0.00 

Dividend: 19.04%;

SUBTOTALS $1,075.00 $13,844.38 

Case 16-24970 Doc 43 Filed 09/26/18 Entered 09/26/18 16:38:35 Desc Main

 Document Page 8 of 10
Green Bank

David Leibowitz

LUZA, DENNIS ROBERT M

16-24970

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 #: 

**-***4236 Checking Acct #: ******7001

For Period Ending: 9/6/2018

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

Separate bond (if applicable):

For Period Beginning: 8/3/2016

1

Transaction

Date

2

Check /

Ref. #

3

Paid to/

Received From

4

Description of Transaction

5

Deposit

$

6

Disbursement

$

Uniform

Tran Code

7

Balance

TOTALS:

Less: Bank transfers/CDs

Subtotal

Less: Payments to debtors

Net

$14,018.97 $14,018.97 

$0.00 $0.00 

$14,018.97 $14,018.97 

$0.00 $0.00 

$14,018.97 $14,018.97 $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:

$14,018.97 

$0.00 

$14,018.97 

$14,018.97 

$0.00 

$14,018.97 

$0.00 

$0.00 

For the period of 8/3/2016 to 9/6/2018

$14,018.97 

$0.00 

$14,018.97 

$0.00 

$14,018.97 

$14,018.97 

$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 02/22/2017 to 9/6/2018

Total Internal/Transfer Disbursements: $0.00 

Case 16-24970 Doc 43 Filed 09/26/18 Entered 09/26/18 16:38:35 Desc Main

 Document Page 9 of 10
Green Bank

David Leibowitz

LUZA, DENNIS ROBERT M

16-24970

FORM 2

CASH RECEIPTS AND DISBURSEMENTS RECORD

Case Name: Bank Name:

Case No. Trustee Name: 

Page No: 4 Exhibit 9

Account Title:

Primary Taxpayer ID #:

Co-Debtor Taxpayer ID #: 

**-***4236 Checking Acct #: ******7001

For Period Ending: 9/6/2018

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

Separate bond (if applicable):

For Period Beginning: 8/3/2016

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

$14,018.97 $14,018.97 $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 8/3/2016 to 9/6/2018

$14,018.97 

$14,018.97 

$14,018.97 

$0.00 

$14,018.97 

$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 08/03/2016 to 9/6/2018

$14,018.97 

$0.00 

$14,018.97 

$0.00 

$14,018.97 

$14,018.97 

$0.00 

Total Internal/Transfer Disbursements: $0.00 

/s/ DAVID LEIBOWITZ

DAVID LEIBOWITZ

Case 16-24970 Doc 43 Filed 09/26/18 Entered 09/26/18 16:38:35 Desc Main

 Document Page 10 of 10