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: §

§

Hugo Alvarez § Case No. 16-29423

§

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 36.07 9,651.00 0.00 3 NORTHERN /2011 

ILLINOIS 0.00 0.00 0.00 

A 7

09/15/2016 9,614.93 0.00 

ems Inc. 09/15/2016 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/STEVEN R. RADTKE

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)

851.90 3.10 0.00 05/02/2018 0.00 851.90 10/23/2017 10/23/2017 3.10 851.90

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Exhibit A

FORM 1

INDIVIDUAL ESTATE PROPERTY RECORD AND REPORT

ASSET CASES

Case No: 16-29423 CAD Judge: Carol A. Doyle Trustee Name: STEVEN R. RADTKE

Case Name: Hugo Alvarez Date Filed (f) or Converted (c): 09/15/2016 (f)

341(a) Meeting Date: 10/17/2016

For Period Ending: 05/02/2018 Claims Bar Date: 10/23/2017

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. 3458 W 72Nd St

Chicago Il 60629-0000 Cook

95,000.00 95,000.00 0.00 FA

2. 2006 Saturn Vue Mileage: 128704 Location: 3458 W. 72Nd 

St, C

2,990.00 2,990.00 0.00 FA

3. Stove And Refrigerator Location: 3458 W. 72Nd St, Chicago Il 50.00 0.00 0.00 FA

4. Pots And Pans And Cooking Utensils Location: 3458 W. 72Nd 

St

30.00 0.00 0.00 FA

5. Dining Room Table With 5 Chairs Location: 3458 W. 72Nd St, 

C

120.00 0.00 0.00 FA

6. Microwave Location: 3458 W. 72Nd St, Chicago Il 60629 15.00 0.00 0.00 FA

7. Tv Unit With Shelf Location: 3458 W. 72Nd St, Chicago Il 606 100.00 0.00 0.00 FA

8. Love Seat And Couch Location: 3458 W. 72Nd St, Chicago Il 

60

60.00 0.00 0.00 FA

9. 2Coffee Table And Console And Center Table Location: 3458 

W.

50.00 0.00 0.00 FA

10. 3 Twin Size Beds With Bunk System Location: 3458 W. 72Nd 

St,

75.00 0.00 0.00 FA

11. 1 Queen Size Bed With Frame Location: 3458 W. 72Nd St, 

Chica

50.00 0.00 0.00 FA

12. Washer And Dryer Location: 3458 W. 72Nd St, Chicago Il 

60629

100.00 0.00 0.00 FA

13. 3 Small Tvs Location: 3458 W. 72Nd St, Chicago Il 60629 150.00 0.00 0.00 FA

14. Cell Phone Location: 3458 W. 72Nd St, Chicago Il 60629 50.00 0.00 0.00 FA

15. Undergarments, Shirts, Shoes, Pants And Other Wearing 

Appare

200.00 0.00 0.00 FA

16. Cash 20.00 0.00 0.00 FA

17. Chase Ending 7738 Po Box 659754 San Antonio, Tx 78265-

9754 *

428.73 0.00 0.00 FA

18. Chase Checking Account Ending 3923 Po Box 659754 San 

Antonio

152.43 0.00 0.00 FA

Page: 1

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

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Exhibit A

FORM 1

INDIVIDUAL ESTATE PROPERTY RECORD AND REPORT

ASSET CASES

Case No: 16-29423 CAD Judge: Carol A. Doyle Trustee Name: STEVEN R. RADTKE

Case Name: Hugo Alvarez Date Filed (f) or Converted (c): 09/15/2016 (f)

341(a) Meeting Date: 10/17/2016

For Period Ending: 05/02/2018 Claims Bar Date: 10/23/2017

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

19. 2015 Federal Tax Refund

Location: 3458 W. 72Nd St, Chicago 

7,301.00 0.00 0.00 FA

20. 2015 State Tax Refund

Location: 3458 W. 72Nd St, Chicago Il

948.00 0.00 0.00 FA

21. Unscheduled 2016 Federal tax refund (u) 8,891.00 8,891.00 8,891.00 FA

22. Unscheduled 2016 State tax refund (u) 760.00 760.00 760.00 FA

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

Gross Value of Remaining Assets

TOTALS (Excluding Unknown Values) $117,541.16 $107,641.00 $9,651.00 $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:

4/2018 Work on fee petition and trustee
s final report

 

2/2018 Confirm creditor list; confirm secured creditor
s position re deficiency claim

10/2017 Continued investigation of claims

9/2017 Receipt of 2016 State of Illinois tax refund received

7/2017 Case reopened to administer unscheduled 2016 tax refund received

10/12/16 IRS Refund Intercept letter sent

10/16 Anticipated 2015 tax refund; still being processed

Initial Projected Date of Final Report (TFR): 12/31/2017 Current Projected Date of Final Report (TFR): 06/30/2018

Page: 2

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

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Exhibit A

Page: 3

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

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Exhibit B

FORM 2

ESTATE CASH RECEIPTS AND DISBURSEMENTS RECORD

Case No: 16-29423 Trustee Name: STEVEN R. RADTKE

Case Name: Hugo Alvarez Bank Name: Associated Bank

Account Number/CD#: XXXXXX6396

Checking

Taxpayer ID No: XX-XXX7851 Blanket Bond (per case limit): $5,000,000.00

For Period Ending: 05/02/2018 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 

($)

07/21/17 21 United States Treasury

Kansas City, MO

Tax refund 1224-000 $8,891.00 $8,891.00

08/07/17 Associated Bank Bank Service Fee under 11 

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

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

2600-000 $10.00 $8,881.00

09/08/17 Associated Bank Bank Service Fee under 11 

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

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

2600-000 $13.20 $8,867.80

09/28/17 22 Hugo Alvarez Unscheduled 2016 State tax 

refund

1224-000 $760.00 $9,627.80

10/06/17 Associated Bank Bank Service Fee under 11 

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

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

2600-000 $12.87 $9,614.93

COLUMN TOTALS $9,651.00 $36.07

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

Subtotal $9,651.00 $36.07

Less: Payments to Debtors $0.00 $0.00

Net $9,651.00 $36.07

Page Subtotals: $9,651.00 $36.07

Page: 1

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

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Exhibit B

TOTAL OF ALL ACCOUNTS

NET ACCOUNT

NET DEPOSITS DISBURSEMENTS BALANCE

XXXXXX6396 - Checking $9,651.00 $36.07 $9,614.93

$9,651.00 $36.07 $9,614.93

(Excludes account

transfers)

(Excludes payments

to debtors)

Total Funds on Hand

Total Allocation Receipts: $0.00

Total Net Deposits: $9,651.00

Total Gross Receipts: $9,651.00

Page Subtotals: $0.00 $0.00

Page: 2

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

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Exhibit C

ANALYSIS OF CLAIMS REGISTER

Case Number: 16-29423 Date: May 2, 2018

Debtor Name: Hugo Alvarez

Claims Bar Date: 10/23/2017

Page 1 Printed: May 2, 2018

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

$0.00 $851.90 $851.90

100

2100

STEVEN R. RADTKE

CHILL, CHILL & RADTKE, P.C.

79 WEST MONROE STREET

SUITE 1305

CHICAGO, IL 60603

, 

Administrative

$0.00 $3.10 $3.10

100

2200

STEVEN R. RADTKE

CHILL, CHILL & RADTKE, P.C.

79 WEST MONROE STREET

SUITE 1305

CHICAGO, IL 60603

, 

Administrative

1 $2,493.00 $2,493.36 $2,493.36

350

7200

Synchrony Bank

C/O Pra Receivables Management,

Llc

Po Box 41021

Norfolk Va 23541

Unsecured

Case Totals $2,493.00 $3,348.36 $3,348.36

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.: 16-29423

Case Name: Hugo Alvarez

Trustee Name: STEVEN R. RADTKE

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: STEVEN R. RADTKE $ $ $

Trustee Expenses: STEVEN R. RADTKE $ $ $

Total to be paid for chapter 7 administrative expenses $

Remaining Balance $

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

0.00 3.10 855.00 851.90 0.00 3.10 8,759.93 0.00 9,614.93 851.90

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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:

NONE

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:

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

Claim No. Claimant

Allowed Amount

of Claim

Interim Payments

to Date

Proposed

Payment

1 Synchrony Bank $ $ $

Total to be paid to tardy general unsecured creditors $

Remaining Balance $

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

0.00 2,493.36 0.0 0.0 0.00 2,493.36 100.0 2,493.36 0.00 2,493.36 6,266.57

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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: 11)

0.6 23.17 6,243.40

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