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

UNITED STATES BANKRUPTCY COURT

In re: § Case No.

§

§

§

JOHNSON, THOMAS B 16-82295-TML

NORTHERN DISTRICT OF ILLINOIS

Debtor(s)

TRUSTEE'S FINAL REPORT (TFR)

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 September 29, 2016. The undersigned trustee was appointed on December 07, 2016.

WESTERN DIVISION

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

disposition of all property of the estate is attached as Exhibit A.

. An individual estate property record and report showing the

$

$

The remaining funds are available for distribution.

Leaving a balance on hand of

Other payments to the debtor

Non-estate funds paid to 3rd Parties

4. The trustee realized the gross receipts of

Funds were disbursed in the following amounts:

Administrative expenses

Other payments to creditors

12,000.00

0.00

0.00

0.00

0.00

11,990.00 1

Payments made under an

interim distribution

Exemptions paid to the debtor

0.00

0.00

Bank service fees 10.00

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

account.

UST Form 101-7-TFR (05/1/2011)

1The 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.

Case 16-82295 Doc 29 Filed 05/25/17 Entered 05/25/17 15:33:57 Desc Main

 Document Page 1 of 10
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

7. The Trustee's proposed distribution is attached as

Exhibit C

Exhibit D

6. The deadline for filing non-governmental claims in this case was 02/14/2017

.

.

and the deadline for filing governmental claims was 03/28/2017. All claims of each class

8. Pursuant to 11 U.S.C. § 326(a), the maximum compensation allowable to the trustee is

compensation may increase.

received reimbursement for reasonable and necessary expenses in the amount of

$1,950.00. To the extent that additional interest is earned before case closing, the maximum

The trustee has received $0.00 as interim compensation and now requests the

sum of $1,950.00, for a total compensation of $1,950.00. In addition, the trustee

and now requests reimbursement for expenses of $0.00, for total expenses of

$0.00.

$0.00

2

2

/s/STEPHEN G. BALSLEY

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

foregoing report is true and correct.

Date: By:

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.

05/18/2017

Trustee, Bar No.: 0104841

UST Form 101-7-TFR (05/1/2011)

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)

Case 16-82295 Doc 29 Filed 05/25/17 Entered 05/25/17 15:33:57 Desc Main

 Document Page 2 of 10
Filed (f) or Converted (c):

Claims Bar Date:

Form 1

Individual Estate Property Record and Report

Asset Cases

Period Ending: 05/18/17

Trustee: STEPHEN G. BALSLEY

Asset Description

(Scheduled And Unscheduled (u) Property)

Petition/

Unscheduled

Values

Estimated Net Value

(Value Determined By Trustee,

Less Liens, Exemptions,

and Other Costs)

Property

Abandoned

OA=§554(a)

Sale/Funds

Received by

the Estate

Asset Fully

Administered (FA)/

Gross Value of

Remaining Assets

1 2 3 4 5 6

Case Number:

Page: 1

16-82295-TML

02/14/17

Ref. #

Case Name: JOHNSON, THOMAS B

§341(a) Meeting Date: 11/10/16

09/29/16 (f)

(330410)

Exhibit A

1 6645 Torchlite Trail, Loves Park, IL 61111-0000, 90,000.00 0.00 0.00 FA

412 Marquette Dr SW, Poplar Grove (1/6 interest)

See Order to Sell Real Estate entered March 27,

2017.

2 17,000.00 17,000.00 12,000.00 FA

3 checking: BMO Harris Bannk 100.00 0.00 0.00 FA

4 checking: MECU 300.00 0.00 0.00 FA

5 older household furniture 1,500.00 0.00 0.00 FA

6 tvs, laptop, cell phone 300.00 0.00 0.00 FA

7 necessary wearing apparel 200.00 0.00 0.00 FA

8 watch 50.00 0.00 0.00 FA

9 employer provided term life policy 0.00 0.00 0.00 FA

10 401K: employer provided Unknown 0.00 0.00 FA

11 2004 Ford Expedition 2,500.00 0.00 0.00 FA

12 2010 Ford Fusion 6,000.00 0.00 0.00 FA

13 2004 Harley Davidson 4,000.00 0.00 0.00 FA

13 Assets Totals (Excluding unknown values) $121,950.00 $17,000.00 $12,000.00 $0.00

Major Activities Affecting Case Closing:

Initial Projected Date Of Final Report (TFR): May 18, 2017 Current Projected Date Of Final Report (TFR): May 18, 2017 (Actual)

Printed: 05/18/2017 11:42 AM V.13.30

Case 16-82295 Doc 29 Filed 05/25/17 Entered 05/25/17 15:33:57 Desc Main

 Document Page 3 of 10
Blanket Bond:

Separate Bond:

Description of Transaction

Form 2

Cash Receipts And Disbursements Record

05/18/17

Taxpayer ID #: **-***6534

Case Number:

Bank Name:

$6,620,000.00 (per case limit)

******1966 - Checking Account

Rabobank, N.A.

Trans.

Date

{Ref #} /

Check # Paid To / Received From

Receipts

$

Disbursements

$ Account Balance

Checking

Trustee: STEPHEN G. BALSLEY (330410)

Page: 1

16-82295-TML

Case Name: JOHNSON, THOMAS B

N/A

1 2 3 4 5 6 7

Account:

Period Ending:

T-Code

Exhibit B

Bankruptcy Estate's 1/6 interest in 412 12,000.00

Marquette Drive SW, Poplar Grove, IL

pursuant to Court Order entered March 27,

2017

04/14/17 {2} Alpine Bank 1110-000 12,000.00

04/28/17 Rabobank, N.A. Bank and Technology Services Fee 2600-000 10.00 11,990.00

ACCOUNT TOTALS 12,000.00 10.00 $11,990.00

Less: Bank Transfers 0.00 0.00

Subtotal 12,000.00 10.00

Less: Payments to Debtors 0.00

NET Receipts / Disbursements $12,000.00 $10.00

12,000.00 10.00 11,990.00

Net

Receipts

Net

Disbursements

Account

Balances

Checking # ******1966

TOTAL - ALL ACCOUNTS

$12,000.00 $10.00 $11,990.00

{} Asset reference(s) Printed: 05/18/2017 11:42 AM V.13.30

Case 16-82295 Doc 29 Filed 05/25/17 Entered 05/25/17 15:33:57 Desc Main

 Document Page 4 of 10
Claim

Number

Claimant Name /

<Category>, Priority

Amount Filed/

Allowed

Paid 

to Date

Case: 16-82295-TML JOHNSON, THOMAS B

Claim Type/

Date Filed

Printed: 05/18/17 11:42 AM Page: 1

Exhibit C

Claim

Balance

Claim Ref./

Notes

Claims Bar Date: 02/14/17

$1,950.00

$1,950.00

<2100-00 Trustee Compensation>, 200

09/29/16

STEPHEN G. BALSLEY Admin Ch. 7

ROCKFORD, IL 61108

6833 STALTER DRIVE

$0.00 $1,950.00

$110.00

$110.00

<3120-00 Attorney for Trustee Expenses (Trustee Firm)>, 200

09/29/16

Barrick, Switzer, Long, Balsley & Van

Evera

Admin Ch. 7

Written Search Fee - Title Underwriters (11/22/16)

Rockford, IL 61108

6833 Stalter Drive

$0.00 $110.00

$3,152.50

$3,152.50

<3210-00 Attorney for Trustee Fees (Other Firm)>, 200

09/29/16

Barrick, Switzer, Long, Balsley & Van

Evera

Admin Ch. 7

Rockford, IL 61108

6833 Stalter Drive

$0.00 $3,152.50

$167.93

$167.93

<7100-00 General Unsecured § 726(a)(2)>, 610

1

11/15/16

Xcel Energy South Unsecured

by American InfoSource LP as agent

PO Box 268872

Oklahoma City, OK 731268872

--------------------------------------------------------------------------------* * *

Oklahoma City, OK 73126-8872

by American InfoSource LP as agent

PO Box 268872

$0.00 $167.93

$1,068.12

$1,068.12

<7100-00 General Unsecured § 726(a)(2)>, 610

2

11/17/16

Discover Bank Unsecured

Discover Products Inc

PO Box 3025

New Albany, OH 430543025

--------------------------------------------------------------------------------* * *

New Albany, OH 43054-3025

Discover Products Inc

PO Box 3025

$0.00 $1,068.12

$6,673.73

$6,673.73

<5800-00 Claims of Governmental Units>, 570

3P

11/17/16

Internal Revenue Service Priority

Box 7346

Philadelphia, PA 19101

--------------------------------------------------------------------------------* * *

Philadelphia, PA 19101-7317

P.O. Box 7317

$0.00 $6,673.73

$309.04

3U $309.04

11/17/16

Internal Revenue Service Unsecured

Box 7346

Philadelphia, PA 19101

--------------------------------------------------------------------------------* * *

Philadelphia, PA 19101-7317

P.O. Box 7317

$0.00 $309.04

Case 16-82295 Doc 29 Filed 05/25/17 Entered 05/25/17 15:33:57 Desc Main

 Document Page 5 of 10
Claim

Number

Claimant Name /

<Category>, Priority

Amount Filed/

Allowed

Paid 

to Date

Case: 16-82295-TML JOHNSON, THOMAS B

Claim Type/

Date Filed

Printed: 05/18/17 11:42 AM Page: 2

Exhibit C

Claim

Balance

Claim Ref./

Notes

Claims Bar Date: 02/14/17

<7100-00 General Unsecured § 726(a)(2)>, 610

$21,807.78

$21,807.78

<7100-00 General Unsecured § 726(a)(2)>, 610

4

11/22/16

Nelnet Unsecured

121 South 13th Street Suite 201

Lincoln, NE 68508

--------------------------------------------------------------------------------* * *

Lincoln, NE 68508

121 South 13th Street Suite 201

$0.00 $21,807.78

$46,302.25

$46,302.25

<7100-00 General Unsecured § 726(a)(2)>, 610

5

11/22/16

US Department of Education Unsecured

c/o Nelnet

121 South 13th Street Suite 201

Lincoln, NE 68508

--------------------------------------------------------------------------------* * *

Atlanta, GA 30374-0283

c/o Nelnet

P.O. Box 740283

$0.00 $46,302.25

$4,315.03

$4,315.03

<7100-00 General Unsecured § 726(a)(2)>, 610

6

12/01/16

Texas Guaranteed Student Loan

Corporation

Unsecured

Po Box 83100

Round Rock, TX 78683

San Antonio, TX 78265 --------------------------------------------------------------------------------* * *

PO Box 659602

$0.00 $4,315.03

$1,063.50

$1,063.50

<7100-00 General Unsecured § 726(a)(2)>, 610

7

12/05/16

Capital One Bank (USA), N.A. Unsecured

PO Box 71083

Charlotte, NC 282721083

--------------------------------------------------------------------------------* * *

Charlotte, NC 28272-1083

PO Box 71083

$0.00 $1,063.50

$2,991.48

$2,991.48

<7100-00 General Unsecured § 726(a)(2)>, 610

8

12/07/16

Rockford Health Physicians Unsecured

2300 N Rockton Ave

Rockford, IL 61103

--------------------------------------------------------------------------------* * *

Rockford, IL 61103

2300 N Rockton Ave

$0.00 $2,991.48

$2,050.00

9 $2,050.00

01/12/17

Citibank, N.A. Unsecured

c/o Quantum3 Group LLC

PO Box 280

Kirkland, WA 980830280

--------------------------------------------------------------------------------* * *

Kirkland, WA 98083-0280

c/o Quantum3 Group LLC

PO Box 280

$0.00 $2,050.00

Case 16-82295 Doc 29 Filed 05/25/17 Entered 05/25/17 15:33:57 Desc Main

 Document Page 6 of 10
Claim

Number

Claimant Name /

<Category>, Priority

Amount Filed/

Allowed

Paid 

to Date

Case: 16-82295-TML JOHNSON, THOMAS B

Claim Type/

Date Filed

Printed: 05/18/17 11:42 AM Page: 3

Exhibit C

Claim

Balance

Claim Ref./

Notes

Claims Bar Date: 02/14/17

<7100-00 General Unsecured § 726(a)(2)>, 610

$246.01

$246.01

<7100-00 General Unsecured § 726(a)(2)>, 610

10

01/19/17

American InfoSource LP as agent for Unsecured

T Mobile/T-Mobile USA Inc

PO Box 248848

Oklahoma City, OK 731248848

--------------------------------------------------------------------------------* * *

Oklahoma City, OK 73124-8848

T Mobile/T-Mobile USA Inc

PO Box 248848

$0.00 $246.01

Case Total: $0.00 $92,207.37

Case 16-82295 Doc 29 Filed 05/25/17 Entered 05/25/17 15:33:57 Desc Main

 Document Page 7 of 10
Case No.:

Case Name:

Trustee Name:

Exhibit D

16-82295-TML

JOHNSON, THOMAS B

STEPHEN G. BALSLEY

TRUSTEE'S PROPOSED DISTRIBUTION

Claims of secured creditors will be paid as follows:

Claimant Proposed

Payment

Balance on hand: $ 11,990.00

Claim

No.

Interim Payments

to Date

Allowed Amount

of Claim

Claim

Asserted

None

Remaining balance: $ 11,990.00

Total to be paid to secured creditors: $ 0.00

Applications for chapter 7 fees and administrative expenses have been filed as follows:

Reason/Applicant Interim Payments

to Date

Proposed

Payment

Total Requested

Trustee, Fees - STEPHEN G. BALSLEY 1,950.00 0.00 1,950.00

Attorney for Trustee, Fees - Barrick, Switzer, Long, Balsley 3,152.50

& Van Evera

0.00 3,152.50

Attorney for Trustee, Expenses - Barrick, Switzer, Long, 110.00

Balsley & Van Evera

0.00 110.00

Remaining balance: $ 6,777.50

Total to be paid for chapter 7 administration expenses: $ 5,212.50

Applications for prior chapter fees and administrative expenses have been filed as follows:

Reason/Applicant Interim Payments

to Date

Proposed

Payment

Total Requested

None

Remaining balance: $ 6,777.50

Total to be paid for prior chapter administrative expenses: $ 0.00

UST Form 101-7-TFR (05/1/2011)

Case 16-82295 Doc 29 Filed 05/25/17 Entered 05/25/17 15:33:57 Desc Main

 Document Page 8 of 10
In addition to the expenses of administration listed above as may be allowed by the

Allowed priority claims are:

general (unsecured) creditors.

Court, priority claims totaling $6,673.73 must be paid in advance of any dividend to

Claim 

No

Proposed

Payment

Claimant Allowed Amount

of Claim

Interim Payments

to Date

3P Internal Revenue Service 6,673.73 0.00 6,673.73

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).

Remaining balance: $ 103.77

Total to be paid for priority claims: $ 6,673.73

Timely allowed general (unsecured) claims are as follows:

Claim 

No

Proposed

Payment

Claimant Allowed Amount

of Claim

only after all allowed administrative and priority claims have been paid in full.

Timely claims of general (unsecured) creditors totaling $ 80,321.14 have been allowed and

The timely allowed general (unsecured) dividend is anticipated to be 0.1 percent,

will be paid pro rata

Interim Payments

to Date

plus interest (if applicable).

1 Xcel Energy South 167.93 0.00 0.23

2 Discover Bank 1,068.12 0.00 1.38

3U Internal Revenue Service 309.04 0.00 0.40

4 Nelnet 21,807.78 0.00 28.17

5 US Department of Education 46,302.25 0.00 59.82

6 Texas Guaranteed Student Loan Corporation 4,315.03 0.00 5.57

7 Capital One Bank (USA), N.A. 1,063.50 0.00 1.37

8 Rockford Health Physicians 2,991.48 0.00 3.86

9 Citibank, N.A. 2,050.00 0.00 2.65

10 American InfoSource LP as agent for 246.01 0.00 0.32

Remaining balance: $ 0.00

Total to be paid for timely general unsecured claims: $ 103.77

UST Form 101-7-TFR (05/1/2011)

Case 16-82295 Doc 29 Filed 05/25/17 Entered 05/25/17 15:33:57 Desc Main

 Document Page 9 of 10
Tardily filed general (unsecured) claims are as follows:

allowed and will be paid pro rata only after all allowed administrative, priority and timely filed

Tardily filed claims of general (unsecured) creditors totaling $ 0.00 have been

to be 0.0 percent, plus interest (if applicable).

general (unsecured) claims have been paid in full. The tardily filed claim dividend is anticipated

Claim 

No

Proposed

Payment

Claimant Allowed Amount

of Claim

Interim Payments

to Date

None

Remaining balance: $ 0.00

Total to be paid for tardy general unsecured claims: $ 0.00

Subordinated unsecured claims for fines, penalties, forfeitures or damages and claims

ordered subordinated by the Court are as follows:

pro rata only after all allowed administrative, priority and general (unsecured) claims have been paid

ordered subordinated by the Court totaling $ 0.00 have been allowed and will be paid

in full. The dividend for subordinated unsecured claims is anticipated to be 0.0 percent,

Subordinated unsecured claims for fines, penalties, forfeitures, or damages and claims

Claim 

No

Proposed

Payment

Claimant Allowed Amount

of Claim

Interim Payments

to Date

plus interest (if applicable).

None

Remaining balance: $ 0.00

Total to be paid for subordinated claims: $ 0.00

UST Form 101-7-TFR (05/1/2011)

Case 16-82295 Doc 29 Filed 05/25/17 Entered 05/25/17 15:33:57 Desc Main

 Document Page 10 of 10