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: §

§

GARY D GIESE § Case No. 16-27301

NANCY L GIESE §

§

Debtors §

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$

____________________

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 25.89 20,000.00 0.00 3 NORTHERN /2011 

ILLINOIS 0.00 0.00 0.00 

A 7

08/25/2016 19,974.11 0.00 

ems Inc. 08/25/2016 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.

The remaining funds are available for distribution.

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)

2,750.00 78.48 0.00 02/06/2017 0.00 2,750.00 01/17/2017 78.48 2,750.00

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Exhibit A

FORM 1

INDIVIDUAL ESTATE PROPERTY RECORD AND REPORT

ASSET CASES

Case No: 16-27301 BWB Judge: Bruce W. Black Trustee Name: Peter N. Metrou, Trustee

Case Name: GARY D GIESE Date Filed (f) or Converted (c): 08/25/2016 (f)

NANCY L GIESE 341(a) Meeting Date: 09/19/2016

For Period Ending: 02/06/2017 Claims Bar Date: 01/17/2017

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. 1730 DEER RUN DRIVE

MONTGOMERY IL 60538-0000 KENDALL

185,000.00 185,000.00 20,000.00 FA

2. 2000 FORD FOCUS MILEAGE: 89500 1,462.00 0.00 0.00 FA

3. 2014 FORD FUSION MILEAGE: 11500 12,975.00 0.00 0.00 FA

4. FURNISHINGS AND APPLIANCES 500.00 0.00 0.00 FA

5. ELECTRONICS 200.00 0.00 0.00 FA

6. COLLECTIBLES 350.00 0.00 0.00 FA

7. CLOTHES 300.00 0.00 0.00 FA

8. EARTHMOVER CREDIT UNION 0.00 0.00 0.00 FA

9. EARTHMOVER CREDIT UNION 0.04 0.00 0.00 FA

10. EARTHMOVER CREDIT UNION 25.00 0.00 0.00 FA

11. EARTHMOVER CREDIT UNION 25.00 0.00 0.00 FA

12. OLD SECOND BANK 3,500.00 0.00 0.00 FA

13. PENTEGRA 0.00 0.00 0.00 FA

14. INSURANCE: NORTHWESTERN MUTUAL 0.00 0.00 0.00 FA

Gross Value of Remaining Assets

TOTALS (Excluding Unknown Values) $204,337.04 $185,000.00 $20,000.00 $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:

Possible liquidation of equity in residence 10/14/2016-asset notice. Motion to approve settlement with Debtors for equity in residence-approved dckt# 27. Claims review in 

progress 1-24-2017.

Page: 1

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

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Exhibit A

RE PROP # 1 -- Settlement of equity discovered by trustee.

Initial Projected Date of Final Report (TFR): 10/01/2017 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: 16-27301 Trustee Name: Peter N. Metrou, Trustee

Case Name: GARY D GIESE Bank Name: Associated Bank

NANCY L GIESE Account Number/CD#: XXXXXX5785

Checking

Taxpayer ID No: XX-XXX4321 Blanket Bond (per case limit): $1,000,000.00

For Period Ending: 02/06/2017 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 

($)

12/05/16 1 Gary D. Giese

Debtor's address

Settlement on Real Estate 

Equity 

Court approved settlement on 

equity in Residence see dckt# 

27

1110-000 $20,000.00 $20,000.00

01/09/17 Associated Bank Bank Service Fee under 11 

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

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

2600-000 $25.89 $19,974.11

COLUMN TOTALS $20,000.00 $25.89

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

Subtotal $20,000.00 $25.89

Less: Payments to Debtors $0.00 $0.00

Net $20,000.00 $25.89

Page Subtotals: $20,000.00 $25.89

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

XXXXXX5785 - Checking $20,000.00 $25.89 $19,974.11

$20,000.00 $25.89 $19,974.11

(Excludes account

transfers)

(Excludes payments

to debtors)

Total Funds on Hand

Total Allocation Receipts: $0.00

Total Net Deposits: $20,000.00

Total Gross Receipts: $20,000.00

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: 16-27301 Date: February 6, 2017

Debtor Name: GARY D GIESE

Claims Bar Date: 1/17/2017

Page 1 Printed: February 6, 2017

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

$0.00 $2,750.00 $2,750.00

100

2100

Peter N. Metrou

123 W. Washington St., Ste 216

Oswego, IL 60543

Administrative

Payment Status:

Valid To Pay

$0.00 $78.48 $78.48

100

2200

Peter N. Metrou

123 W. Washington St., Ste 216

Oswego, IL 60543

Administrative

Payment Status:

Valid To Pay

1 $5,796.96 $5,796.36 $5,796.36

300

7100

DISCOVER BANK

Discover Products Inc

PO Box 3025

New Albany, OH 43054-3025

Unsecured

Payment Status:

Valid To Pay

2 $13,505.00 $13,519.16 $13,519.16

300

7100

NAVIENT SOLUTIONS INC.

220 LASLEY AVE

WILKES-BARRE, PA 18706

Unsecured

Payment Status:

Valid To Pay

3 $1,132.00 $1,164.98 $1,164.98

300

7100

CAPITAL ONE BANK (USA),

N.A.

PO Box 71083

Charlotte, NC 28272-1083

Unsecured

Payment Status:

Valid To Pay

4 $1,289.00 $1,332.22 $1,332.22

300

7100

CAPITAL ONE NA

C/O BECKET AND LEE LLP

PO BOX 3001

MALVERN PA 19355-0701

Unsecured

Payment Status:

Valid To Pay

5 $361.00 $591.96 $591.96

300

7100

PYOD, LLC ITS SUCCESSORS

AND ASSIGNS AS ASSIGNEE

OF CITIBANK, N.A.

RESURGENT CAPITAL

SERVICES

PO BOX 19008

GREENVILLE, SC 29602

Unsecured

Payment Status:

Valid To Pay

6 $4,507.00 $4,771.12 $4,771.12

300

7100

PYOD, LLC ITS SUCCESSORS

AND ASSIGNS AS ASSIGNEE

OF CITIBANK, N.A.

RESURGENT CAPITAL

SERVICES

PO BOX 19008

GREENVILLE, SC 29602

Unsecured

Payment Status:

Valid To Pay

7 $3,272.00 $3,713.34 $3,713.34

300

7100

WELLS FARGO BANK, N.A.

WELLS FARGO CARD

SERVICES

PO BOX 10438, MAC F8235-02F

DES MOINES, IA 50306-0438

Unsecured

Payment Status:

Valid To Pay

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

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Exhibit C

ANALYSIS OF CLAIMS REGISTER

Case Number: 16-27301 Date: February 6, 2017

Debtor Name: GARY D GIESE

Claims Bar Date: 1/17/2017

Page 2 Printed: February 6, 2017

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

8 $3,888.00 $4,148.18 $4,148.18

300

7100

PORTFOLIO RECOVERY

ASSOCIATES, LLC

SUCCESSOR TO SYNCHRONY

BANK

(WALMART MASTER CARD)

POB 41067

NORFOLK, VA 23541

Unsecured

Payment Status:

Valid To Pay

9 $1,280.41 $1,280.41 $1,280.41

300

7100

PORTFOLIO RECOVERY

ASSOCIATES, LLC

SUCCESSOR TO SYNCHRONY

BANK

(CAR CARE ONE)

POB 41067

NORFOLK, VA 23541

Unsecured

Payment Status:

Valid To Pay

10 $1,530.00 $1,345.00 $1,345.00

300

7100

JOHN F MAZEIKA DDS

8 EAST MERCHANTS DRIVE

OSWEGO, IL 60543

Unsecured

Payment Status:

Valid To Pay

Case Totals $36,561.37 $40,491.21 $40,491.21

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

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

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TRUSTEE’S PROPOSED DISTRIBUTION

Exhibit D

Case No.: 16-27301

Case Name: GARY D GIESE

NANCY L GIESE

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 $ $ $

Total to be paid for chapter 7 administrative expenses $

Remaining Balance $

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

0.00 78.48 2,828.48 2,750.00 0.00 78.48 17,145.63 0.00 19,974.11 2,750.00

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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:

Claim No. Claimant

Allowed Amount

of Claim

Interim Payments

to Date

Proposed

Payment

1 DISCOVER BANK $ $ $

2

NAVIENT SOLUTIONS

INC. $ $ $

3

CAPITAL ONE BANK

(USA), N.A. $ $ $

4 CAPITAL ONE NA $ $ $

5

PYOD, LLC ITS

SUCCESSORS AND

ASSIGNS AS ASSIGNEE $ $ $

6

PYOD, LLC ITS

SUCCESSORS AND

ASSIGNS AS ASSIGNEE $ $ $

7

WELLS FARGO BANK,

N.A. $ $ $

8

PORTFOLIO RECOVERY

ASSOCIATES, LLC $ $ $

9

PORTFOLIO RECOVERY

ASSOCIATES, LLC $ $ $

10 JOHN F MAZEIKA DDS $ $ $

Total to be paid to timely general unsecured creditors $

Remaining Balance $

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

0.00 0.00 0.00 37,662.73 0.00 0.00 0.00 0.00 0.00 0.00 0.00 45.5 4,148.18 1,280.41 13,519.16 1,164.98 612.30 5,796.36 4,771.12 3,713.34 1,332.22 591.96 269.48 2,172.01 1,690.47 1,888.42 2,638.74 6,154.48 530.35 606.48 582.90 0.00 1,345.00 17,145.63

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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:

NONE

UST Form 101-7-TFR (5/1/2011) (Page: 11)

0.00 0.0 0.00 0.0

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