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

UNITED STATES BANKRUPTCY COURT

NORTHERN DISTRICT OF ILLINOIS

EASTERN DIVISION

In re: §

§

§

§

§

§

Case No. 16-27922

ORLANDO ADAMS

CASSANDRA ADAMS

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: $11,000.00 Assets Exempt: $53,200.00

(without deducting any secured claims)

Total Distributions to 

Claimants: $24,855.11

Claims Discharged 

Without Payment: $57,571.38

Total Expenses of 

Administration: $5,144.89

3) Total gross receipts of $30,000.00 (see Exhibit 1), minus funds paid to the 

debtor(s) and third parties of $0.00 (see Exhibit 2), yielded net receipts of $30,000.00 from the 

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

Case 16-27922 Doc 50 Filed 03/15/18 Entered 03/15/18 15:17:31 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) $194,018.06 $0.00 $0.00 $0.00

Priority Claims:

Chapter 7 Admin.

Fees and Charges

(from Exhibit 4)

NA $5,144.89 $5,144.89 $5,144.89

Prior Chapter Admin.

Fees and Charges 

(from Exhibit 5)

NA $0.00 $0.00 $0.00

Priority Unsecured 

Claims 

(From Exhibit 6)

$10,000.00 $10,582.88 $10,582.88 $10,582.88

General Unsecured 

Claims (from Exhibit 7) $527,261.60 $48,922.78 $48,922.78 $14,272.23

Total Disbursements $731,279.66 $64,650.55 $64,650.55 $30,000.00

4). This case was originally filed under chapter 7 on 08/31/2016. The case was pending 

for 19 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: 03/06/2018 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.

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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

7013 W. Seward Street, Niles IL 60714-3020 1110-000 $30,000.00 

TOTAL GROSS RECEIPTS $30,000.00 

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

Bank of America 

Home Loans 

4110-000 $179,000.00 $0.00 $0.00 $0.00 

Kia Motors 

Finance 

4110-000 $15,018.06 $0.00 $0.00 $0.00 

TOTAL SECURED CLAIMS $194,018.06 $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 $3,750.00 $3,750.00 $3,750.00 

David P. Leibowitz, 

Trustee 

2200-000 NA $36.66 $36.66 $36.66 

Lakelaw, Attorney for 

Trustee 

3110-000 NA $1,335.00 $1,335.00 $1,335.00 

Lakelaw, Attorney for 

Trustee 

3120-000 NA $23.23 $23.23 $23.23 

TOTAL CHAPTER 7 ADMIN. FEES AND 

CHARGES

NA $5,144.89 $5,144.89 $5,144.89 

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

3 Dept of the 

Treasury -

5800-000 $10,000.00 $10,582.88 $10,582.88 $10,582.88 

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

Internal Revenue 

Serice 

TOTAL PRIORITY UNSECURED CLAIMS $10,000.00 $10,582.88 $10,582.88 $10,582.88 

EXHIBIT 7 – GENERAL UNSECURED CLAIMS

 

CLAIM 

NUMBER

CLAIMANT UNIFORM 

TRAN. CODE

CLAIMS 

SCHEDULED

CLAIMS 

ASSERTED

CLAIMS 

ALLOWED

CLAIMS 

PAID

1 TD Bank, USA 7100-900 $1,447.97 $1,527.28 $1,527.28 $470.15 

2 Discover Bank 7100-900 $1,909.00 $1,974.75 $1,974.75 $607.89 

3a Internal Revenue 

Serice Center 

7300-000 $0.00 $2,559.02 $2,559.02 $0.00 

4 Comenity Capital 

Bank 

7100-900 $3,418.00 $3,575.26 $3,575.26 $1,100.58 

5 Capital One Bank 

(USA), N.A. by 

American 

InfoSource LP as 

agent 

7100-900 $0.00 $297.63 $297.63 $91.62 

6 Capital One, N.A. 

by American 

InfoSource LP as 

agent 

7100-900 $2,848.00 $3,056.03 $3,056.03 $940.74 

7 Capital One Bank 

(USA), N.A. by 

American 

InfoSource LP as 

agent 

7100-900 $0.00 $1,141.50 $1,141.50 $351.39 

8 Capital One Bank 

(USA), N.A. by 

American 

InfoSource LP as 

agent 

7100-900 $0.00 $296.72 $296.72 $91.34 

9 Capital One Bank 

(USA), N.A. by 

American 

InfoSource LP as 

agent 

7100-900 $0.00 $1,853.05 $1,853.05 $570.43 

10 Capital One Bank 

(USA), N.A. by 

American 

InfoSource LP as 

agent 

7100-900 $3,344.41 $3,362.52 $3,362.52 $1,035.09 

11 Capital One Bank 

(USA), N.A. by 

American 

InfoSource LP as 

agent 

7100-900 $0.00 $1,437.21 $1,437.21 $442.42 

12 Prosper 

Marketplace Inc. 

7100-000 $18,575.97 $19,596.64 $19,596.64 $6,032.46 

13 CACH, LLC its 

successors and 

7100-900 $4,191.66 $3,066.42 $3,066.42 $943.94 

Case 16-27922 Doc 50 Filed 03/15/18 Entered 03/15/18 15:17:31 Desc Main

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

assigns as 

assignee 

14 PYOD, LLC its 

successors and 

assigns as 

assignee 

7100-900 $3,224.00 $3,248.21 $3,248.21 $999.90 

15 PYOD, LLC its 

successors and 

assigns as 

assignee 

7100-900 $0.00 $1,930.54 $1,930.54 $594.28 

Amazon.com 7100-000 $516.00 $0.00 $0.00 $0.00 

Bank of America 7100-000 $5,784.88 $0.00 $0.00 $0.00 

Bank of America 7100-000 $4,896.14 $0.00 $0.00 $0.00 

Bank of America 7100-000 $4,896.14 $0.00 $0.00 $0.00 

Chase Slate 7100-000 $1,266.67 $0.00 $0.00 $0.00 

NAVIENT 7100-000 $465,381.76 $0.00 $0.00 $0.00 

Paypal Credit 

Services/Synchro

ny Bank 

7100-000 $5,561.00 $0.00 $0.00 $0.00 

TOTAL GENERAL UNSECURED CLAIMS $527,261.60 $48,922.78 $48,922.78 $14,272.23 

Case 16-27922 Doc 50 Filed 03/15/18 Entered 03/15/18 15:17:31 Desc Main

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ADAMS, ORLANDO AND ADAMS, CASSANDRA 08/31/2016 (f)

16-27922

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:

3/6/2018 09/22/2016

09/13/2017

Ref. #

1 7013 W. Seward Street, Niles IL 60714-3020 $210,000.00 $66,000.00 $30,000.00 FA

Per N. Freeborn/Redfin: house is worth $275k

Sold estate interest in property to Debtors for $30k

Asset Notes:

2 KIA Sedona 2012 $11,000.00 $0.00 $0.00 FA

3 Chevrolet Impala 2005 $1,200.00 $0.00 $0.00 FA

4 Normal Household Furnishings $200.00 $0.00 $0.00 FA

5 Used Computer $200.00 $0.00 $0.00 FA

6 Normal Wearing Apparel $500.00 $0.00 $0.00 FA

7 Cash $100.00 $0.00 $0.00 FA

8 Bank of America $1,000.00 $0.00 $0.00 FA

9 401(k) Fidelity $20,000.00 $0.00 $0.00 FA

10 Illinois Unclaimed Funds (claim #6554159) (u) $0.00 $122.60 $0.00 FA

TOTALS (Excluding unknown value) Gross Value of Remaining Assets

$244,200.00 $66,122.60 $30,000.00 $0.00 

Initial Projected Date Of Final Report (TFR): 05/28/2018 Current Projected Date Of Final Report (TFR):

DAVID LEIBOWITZ

/s/ DAVID LEIBOWITZ

Case 16-27922 Doc 50 Filed 03/15/18 Entered 03/15/18 15:17:31 Desc Main

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Green Bank

David Leibowitz

ADAMS, ORLANDO AND ADAMS, CASSANDRA

16-27922

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 #: 

**-***6782 ******2201

**-***6783

Checking Acct #:

For Period Ending: 3/6/2018

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

Separate bond (if applicable):

For Period Beginning: 8/31/2016

1

Transaction

Date

2

Check /

Ref. #

3

Paid to/

Received From

4

Description of Transaction

5

Deposit

$

6

Disbursement

$

Uniform

Tran Code

7

Balance

ADAMS, ORLANDO AND ADAMS, 

CASSANDRA

10/03/2017 (1) Payment for Estate's Interest in Debtors' Real Property 1110-000 $30,000.00 $30,000.00 

01/30/2018 3001 David P. Leibowitz Trustee Compensation 2100-000 $3,750.00 $26,250.00 

01/30/2018 3002 David P. Leibowitz Trustee Expenses 2200-000 $36.66 $26,213.34 

01/30/2018 3003 Lakelaw Claim #: ; Amount Claimed: $23.23; Distribution 3120-000 $23.23 $26,190.11 

Dividend: 100.00%;

01/30/2018 3004 Lakelaw Claim #: ; Amount Claimed: $1,335.00; Distribution 3110-000 $1,335.00 $24,855.11 

Dividend: 100.00%;

TD Bank, USA by American InfoSource LP 

as agent

01/30/2018 3005 Claim #: 1; Amount Claimed: $1,527.28; Distribution 7100-900 $470.15 $24,384.96 

Dividend: 30.78%;

01/30/2018 3006 Discover Bank Claim #: 2; Amount Claimed: $1,974.75; Distribution 7100-900 $607.89 $23,777.07 

Dividend: 30.78%;

Dept of the Treasury - Internal Revenue 

Service

01/30/2018 3007 Claim #: 3; Amount Claimed: $10,582.88; Distribution 5800-000 $10,582.88 $13,194.19 

Dividend: 100.00%;

01/30/2018 3008 Comenity Capital Bank Claim #: 4; Amount Claimed: $3,575.26; Distribution 7100-900 $1,100.58 $12,093.61 

Dividend: 30.78%;

Capital One Bank (USA), N.A. by American 

InfoSource LP as agent

01/30/2018 3009 Claim #: 5; Amount Claimed: $297.63; Distribution 7100-900 $91.62 $12,001.99 

Dividend: 30.78%;

Capital One, N.A. by American InfoSource 

LP as agent

01/30/2018 3010 Claim #: 6; Amount Claimed: $3,056.03; Distribution 7100-900 $940.74 $11,061.25 

Dividend: 30.78%;

Capital One Bank (USA), N.A. by American 

InfoSource LP as agent

01/30/2018 3011 Claim #: 7; Amount Claimed: $1,141.50; Distribution 7100-900 $351.39 $10,709.86 

Dividend: 30.78%;

Capital One Bank (USA), N.A. by American 

InfoSource LP as agent

01/30/2018 3012 Claim #: 8; Amount Claimed: $296.72; Distribution 7100-900 $91.34 $10,618.52 

Dividend: 30.78%;

Capital One Bank (USA), N.A. by American 

InfoSource LP as agent

01/30/2018 3013 Claim #: 9; Amount Claimed: $1,853.05; Distribution 7100-900 $570.43 $10,048.09 

Dividend: 30.78%;

Capital One Bank (USA), N.A. by American 

InfoSource LP as agent

01/30/2018 3014 Claim #: 10; Amount Claimed: $3,362.52; Distribution 7100-900 $1,035.09 $9,013.00 

Dividend: 30.78%;

Capital One Bank (USA), N.A. by American 

InfoSource LP as agent

01/30/2018 3015 Claim #: 11; Amount Claimed: $1,437.21; Distribution 7100-900 $442.42 $8,570.58 

Dividend: 30.78%;

SUBTOTALS $30,000.00 $21,429.42 

Case 16-27922 Doc 50 Filed 03/15/18 Entered 03/15/18 15:17:31 Desc Main

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Green Bank

David Leibowitz

ADAMS, ORLANDO AND ADAMS, CASSANDRA

16-27922

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 #: 

**-***6782 ******2201

**-***6783

Checking Acct #:

For Period Ending: 3/6/2018

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

Separate bond (if applicable):

For Period Beginning: 8/31/2016

1

Transaction

Date

2

Check /

Ref. #

3

Paid to/

Received From

4

Description of Transaction

5

Deposit

$

6

Disbursement

$

Uniform

Tran Code

7

Balance

01/30/2018 3016 Prosper Marketplace, Inc. Claim #: 12; Amount Claimed: $19,596.64; Distribution 7100-000 $6,032.46 $2,538.12 

Dividend: 30.78%;

CACH, LLC its successors and assigns as 

assignee

01/30/2018 3017 Claim #: 13; Amount Claimed: $3,066.42; Distribution 7100-900 $943.94 $1,594.18 

Dividend: 30.78%;

PYOD, LLC its successors and assigns as 

assignee

01/30/2018 3018 Claim #: 14; Amount Claimed: $3,248.21; Distribution 7100-900 $999.90 $594.28 

Dividend: 30.78%;

PYOD, LLC its successors and assigns as 

assignee

01/30/2018 3019 Claim #: 15; Amount Claimed: $1,930.54; Distribution 7100-900 $594.28 $0.00 

Dividend: 30.78%;

TOTALS:

Less: Bank transfers/CDs

Subtotal

Less: Payments to debtors

Net

$30,000.00 $30,000.00 

$0.00 $0.00 

$30,000.00 $30,000.00 

$0.00 $0.00 

$30,000.00 $30,000.00 $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:

Total Internal/Transfer Disbursements:

$30,000.00 

$0.00 

$30,000.00 

$30,000.00 

$0.00 

$30,000.00 

$0.00 

$0.00 

For the period of 8/31/2016 to 3/6/2018

$30,000.00 

$0.00 

$30,000.00 

$0.00 

$30,000.00 

$30,000.00 

$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 account between 09/01/2017 to 3/6/2018

Total Internal/Transfer Disbursements: $0.00 

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Green Bank

David Leibowitz

ADAMS, ORLANDO AND ADAMS, CASSANDRA

16-27922

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 #: 

**-***6782 ******2201

**-***6783

Checking Acct #:

For Period Ending: 3/6/2018

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

Separate bond (if applicable):

For Period Beginning: 8/31/2016

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

$30,000.00 $30,000.00 $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:

Total Internal/Transfer Disbursements:

For the period of 8/31/2016 to 3/6/2018

$30,000.00 

$30,000.00 

$30,000.00 

$0.00 

$30,000.00 

$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 08/31/2016 to 3/6/2018

$30,000.00 

$0.00 

$30,000.00 

$0.00 

$30,000.00 

$30,000.00 

$0.00 

Total Internal/Transfer Disbursements: $0.00 

/s/ DAVID LEIBOWITZ

DAVID LEIBOWITZ

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