UNITED STATES BANKRUPTCY COURT

NORTHERN DISTRICT OF ILLINOIS

EASTERN DIVISION

In re:

Star Copy Printing & Promotion Center, Inc. Case No. 16-23325

Debtors(s)

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

1. A petition under chapter 7 of the United States Bankruptcy Code was filed on 07/20/2016. The

undersigned trustee was appointed on 07/21/2016.

4. The trustee realized gross receipts of

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

Payments made under an interim disbursement

25,000.00

Funds were disbursed in the following amounts:

Other Payments to Creditors

0.00

 31.77

Administrative Expenses

Bank Service Fees

Non-Estate funds paid to 3 Parties 0.00

 20,000.00

Exemptions paid to the Debtor 0.00

Leaving a balance on hand of 4,636.23 1

rd

§

§

§

§

§

 332.00

Other Payments to Debtor 0.00

 TRUSTEE’S FINAL REPORT (TFR)

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.

$

$

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

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

true and correct.

Date : 06/08/2017 By : /s/ Elizabeth Berg

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.

The remaining funds are available for distribution.

6. The deadline for filing non-governmental claims in this case was 12/07/2016 and the deadline for

filing governmental claims was 01/17/2017. 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.

The trustee has received $0.00 as interim compensation and now requests a sum of $1,250.00, for a total

compensation of $1,250.00. In addition, the trustee received reimbursement for reasonable and necessary

expenses in the amount of $0.00, and now requests reimbursement for expenses of $30.42 for total expenses

of $30.42

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

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 $3,250.00.

To the extent that additional interest is earned before case closing, the maximum compensation may

increase.

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

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341(a) Meeting Date:

Case Name: Star Copy Printing & Promotion Center, Inc.

16-23325 Trustee Name:

For Period Ending: Claims Bar Date:

06/08/2017

FORM 1

INDIVIDUAL ESTATE PROPERTY RECORD AND REPORT

ASSET CASES

Judge: 

Case No: Janet S. Baer

Date Filed (f) or Converted (c):

1 2 3 4 

Sale/Fun

th

Property Formally

Abandoned

OA=554(a)

Est Net Value

(Value Determined by

Trustee, Less Liens,

Exemptions,

and Other Costs)

Petition/Unscheduled

Values

Asset Description

(Scheduled and Unscheduled (u) Property)

1. Checking Account-Northstar Credit Union 0.00 0.00 2. Gateway Coil Former Model: NCF (SN: 2125 ) 6,500.00 1,100.00 3. Gateway Inserter #1 Model: PBS 3000 (SN: 4121) 6,300.00 1,050.00 4. Gateway Inserter #2 Model: PBS 3000 (SN: 4122) 6,300.00 1,050.00 5. RENZ Punch Press Model: AP360 (SN: 36360200.22203) 6,700.00 1,100.00 6. Hickok Round Corner (SN: 16546) 2,000.00 425.00 7. Bourg Perfect Binder 1,600.00 275.00 

TOTALS (Excluding Unknown Values) 29,400.00 5,000.00

May 31, 2017: Successor Trustee collected proceeds in the amount of $25,000.00 and made payment on secured claim no. 4 in the amount of $20,000.00. Thereafter, Successor disburse funds on hand. Successor Trustee has prepared her final report and will disburse funds once the final report is approved by the Court.October 26, 2016: Successor Trustee negotiated with D's secured creditor to sell the Debtor's six pieces of used printing equipment. The creditor agreed to a $5,000.00 carve-oSuccessor Trustee to make a modest distribution to the Estate's creditors. The proposed sale and carve out was approved per court order 10/21/16 [dkt. 18]. Successor Trustedistribution to creditors following expiration of claims bar date.

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

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

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 Document Page 3 of 9
341(a) Meeting Date:

Case Name: Star Copy Printing & Promotion Center, Inc.

16-23325 Trustee Name:

For Period Ending: Claims Bar Date:

06/08/2017

FORM 1

INDIVIDUAL ESTATE PROPERTY RECORD AND REPORT

ASSET CASES

Judge: 

Case No: Janet S. Baer

Date Filed (f) or Converted (c):

1 2 3 4 

Sale/Fun

th

Property Formally

Abandoned

OA=554(a)

Est Net Value

(Value Determined by

Trustee, Less Liens,

Exemptions,

and Other Costs)

Petition/Unscheduled

Values

Asset Description

(Scheduled and Unscheduled (u) Property)

06/30/2017 Current Projected Date of Final Report(TFR) :

Trustee’s Signature

06/30/2017

/s/Elizabeth C Berg Date:

Initial Projected Date of Final Report(TFR) :

06/08/2017

Elizabeth C Berg20 N. Clark St., Suite 200Chicago, IL 60602Phone : (312) 726-8150

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

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 FORM 2

ESTATE CASH RECEIPTS AND DISBURSEMENTS RECORD

Case No: 16-23325

Case Name:

Taxpayer ID No:

For Period Ending:

Star Copy Printing & Promotion Center, Inc.**-***37676/8/2017

Trustee Name:

Bank Name:

Account Number/CD#:

Blanket bond (per case limit):

Separate bond (if applicable):

1 2 3 4 5 

Description of Transaction Deposits($) 

Uniform

Trans.

Paid To / Received From Code

Check or

 [Refer#]

Transaction

 Date

11/03/2016 Kelmscott Communications

A Fuse, LLC Company5656 McDermott DriveBerkeley, IL 60163

Sale of Printing Equipment 25,000.00 Gateway Coil Former Model:NCF [2] 5,527.50 1129-000Gateway Inserter #1 ModelPBS 3000 [3] 5,357.50 1129-000Gateway Inserter #2 Model:PBS 3000 [4] 5,357.50 1129-000RENZ Punch Press Model:AP360 [5] 5,697.50 1129-000

[6] Hickok Round Corner 1,700.00 1129-000[7] Bourg Perfect Binder 1,360.00 1129-000

11/08/2016 51001 M-III Chicago, LLC

c/o Cohen FinancialPayment Lockbox 773295 (CF General)3295 Solutions CenterChicago, IL 60677-3002

Payment of Secured Claim No. 4 Pursuant to CourtOrder dated October 21, 2016 (Docket No. 18)

4210-000 

12/05/2016 Texas Capital Bank

Treasury Management Operations2350 Lakeside BlvdRichardson, TX 75082

Bank Service Fee 2600-000 

Page Subtotals 25,000.00 

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

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 FORM 2

ESTATE CASH RECEIPTS AND DISBURSEMENTS RECORD

Case No: 16-23325

Case Name:

Taxpayer ID No:

For Period Ending:

Star Copy Printing & Promotion Center, Inc.**-***37676/8/2017

Trustee Name:

Bank Name:

Account Number/CD#:

Blanket bond (per case limit):

Separate bond (if applicable):

1 2 3 4 5 

Description of Transaction Deposits($) 

Uniform

Trans.

Paid To / Received From Code

Check or

 [Refer#]

Transaction

 Date

01/03/2017 Texas Capital Bank

Treasury Management Operations2350 Lakeside BlvdRichardson, TX 75082

Bank Service Fee 2600-000 

05/12/2017 51002 Illinois Department of Revenue

P.O. Box 19053Springfield, IL 62794-9053

2016 Illinois Income TaxForm IL-1120-ST-V

2820-000 

Page Subtotals 0.00 

0.00

25,000.0025,000.00

Less:Bank Transfer/CD's

Less: Payments to Debtors

COLUMN TOTALSSUBTOTALSNet 25,000.00 

TOTAL-ALL ACCOUNTS NET

DEPOSITS

******5211 Checking Account 25,000.00 Net Totals 25,000.00 

25,000.0020,363.77

4,636.23

All Accounts Gross Receipts:

All Accounts Gross Disbursements:

All Accounts Net:

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

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Case: 16-23325

Star Copy Printing & Promotion Center,

Inc.

Elizabeth C Berg

 EXHIBIT C

Claim 

No. Creditor UTC Allowed Paid to Date PAY 

SEQ. 

Remaining 

Balance 

Total Proposed 

Payment 

Prop. Payment 

Prop. Interest 

Elizabeth C. Berg, Trustee

20 N. Clark Street

Suite 200

Chicago IL 60602

2100-000 100 1,250.00 0.00 1,250.00 1,250.00 3,386.23

Elizabeth C. Berg, Trustee

20 N. Clark Street

Suite 200

Chicago IL 60602

2200-000 100 30.42 0.00 30.42 30.42 3,355.81

Baldi Berg, Ltd.

20 N. Clark St., Suite 200

Chicago IL 60602

3120-000 100 176.00 0.00 176.00 176.00 3,179.81

Baldi Berg, Ltd.

20 N. Clark St., Suite 200

Chicago IL 60602

3120-000 100 1,250.00 0.00 1,250.00 1,250.00 1,929.81

Kutchins, Robbins & Diamond

35 E Wacker Dr

Suite 1550

Chicago IL 60601

3310-000 100 1,000.00 0.00 1,000.00 1,000.00 929.81

ADMINISTRATIVE TOTAL 100 % 3,706.42 0.00 3,706.42 3,706.42

00004 M-III Chicago, LLC

4601 College Boulevard, Suite 300

Leawood IL 66211

4210-000 420 20,000.00 20,000.00 0.00 0.00 929.81

SECURED TOTAL 100 % 20,000.00 20,000.00 0.00 0.00

00001 S&S Activewear

581 Territorial Drive

Bolingbrook IL 60440

7100-000 710 3,053.70 0.00 3.20 3.20 926.61

00002 San Mar Inc

22833 SE Black Nugget Rd Ste 130

Issaquah WA 98029

7100-000 710 2,068.39 0.00 2.17 2.17 924.44

00003 Original Smith Printing Inc.

Two Hardman Drive

Bloomington IL 61701

7100-000 710 45,512.49 0.00 47.73 47.73 876.71

00005 A S G Staffing, Inc

231 W Grand Ave Ste 102

Bensenville IL 60106

7100-000 710 36,751.48 0.00 38.54 38.54 838.17

00006 Gateway Bookbinding Systems,

Inc.

472 S 5th St

Pembina ND 58271

7100-000 710 7,759.92 0.00 8.14 8.14 830.03

00007 American Small Business

1805 High Grove Ln

Naperville IL 60540

7100-000 710 37,321.04 0.00 39.14 39.14 790.89

00008 Canon Financial

330 N Wabash Ave Ste 3300

Chicago IL 60611

7100-000 710 754,129.75 0.00 790.89 790.89 0.00

UNSECURED TOTAL 0.10 % 886,596.77 0.00 929.81 929.81

Amount to Disburse 4,636.23

CASE TOTAL 910,303.19 20,000.00 4,636.23 4,636.23

Proposed distribution is dependent on the Court's rulings on administrative expenses, contest of claims, and/or objections made to this proposed distribution.

ADMIN

ADMIN

ADMIN

ADMIN

ADMIN

SEC

UNSEC

UNSEC

UNSEC

UNSEC

UNSEC

UNSEC

UNSEC

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Balance on Hand

Claims of secured creditors will be paid as follows:

Claim

No. Claimant

Allowed Amount

of Claim

Claim

Asserted

Interim

Payments to

Date

Proposed

 Payment

00004 M-III Chicago, LLC $ 20,000.00 $ 20,000.00 $ 20,000.00 $ 0.00

Total to be paid to secured creditors

Remaining Balance

 0.00

4,636.23

$

$

 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

Proposed

Payment

Interim

Payments

Reason/Applicant Total Requested to Date

Trustee, Fees: Elizabeth C. Berg, Trustee $ 1,250.00 $ 0.00 $ 1,250.00

Trustee, Expenses: Elizabeth C. Berg, Trustee $ 30.42 $ 0.00 $ 30.42

Attorney for Trustee, Expenses: Baldi Berg, Ltd. $ 1,250.00 $ 0.00 $ 1,250.00

Accountant for Trustee, Fees: Kutchins, Robbins & Diamond $ 1,000.00 $ 0.00 $ 1,000.00

Other: Baldi Berg, Ltd. $ 176.00 $ 0.00 $ 176.00

Remaining Balance

Total to be paid for chapter 7 administrative expenses 3,706.42

 929.81

$

$

Case Name: Star Copy Printing & Promotion Center, Inc.

Trustee Name:

16-23325

Elizabeth C Berg

Exhibit D

Case No.:

TRUSTEE'S PROPOSED DISTRIBUTION

 Allowed Priority Claims are:

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

$0.00 must be paid in advance of any dividend to general (unsecured) creditors.

 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 $886,596.77 have been allowed and will be paid pro rata

$4,636.23

NONE

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

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Proposed

 Payment

Interim Payments

to Date

Allowed

Amount of

Claimant Claim

Claim

No.

00001 S&S Activewear $ 3,053.70 $ 0.00 $ 3.20

00002 San Mar Inc $ 2,068.39 $ 0.00 $ 2.17

00003 Original Smith Printing Inc. $ 45,512.49 $ 0.00 $ 47.73

00005 A S G Staffing, Inc $ 36,751.48 $ 0.00 $ 38.54

00006 Gateway Bookbinding Systems, Inc. $ 7,759.92 $ 0.00 $ 8.14

00007 American Small Business $ 37,321.04 $ 0.00 $ 39.14

00008 Canon Financial $ 754,129.75 $ 0.00 $ 790.89

Total to be paid to timely general unsecured creditors

Remaining Balance

 929.81

 0.00

$

$

NONE

 Timely allowed general (unsecured) claims are as follows:

NONE

 Tardily filed general (unsecured) claims are as follows:

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

the Court are as follows:

 Tardily filed claims of general (unsecured) creditors totaling $0.00 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 0.0 %, plus interest (if applicable).

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

the Court totaling $0.00 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

0.0 %, plus interest (if applicable).

only after all allowed administrative and priority claims have been paid in full. The timely allowed general (unsecured)

dividend is anticipated to be 0.1 %, plus interest (if applicable).

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

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