UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF FLORIDA

WEST PALM BEACH DIVISION

In re:

Debtor(s)

NITV LLC &DVH1R21-18481-MAM 







CHAPTER 7 TRUSTEE¶S FINAL ACCOUNT AND DISTRIBUTION

REPORT CERTIFICATION THAT THE ESTATE HAS BEEN FULLY ADMINISTERED

AND APPLICATION TO BE DISCHARGED (TDR)

Michael R. Bakst, Trustee, chapter 7 trustee, submits this Final Account, Certification that the 

Estate has been Fully Administered and Application to be Discharged.

$OOIXQGVRQKDQGKDYHEHHQGLVWULEXWHGLQDFFRUGDQFHZLWKWKH7UXVWHH¶s Final Report and, if 

DSSOLFDEOHDQ\RUGHURIWKH&RXUWPRGLI\LQJWKH)LQDO5HSRUW7KHFDVHLVIXOO\DGPLQLVWHUHGDQGDOO

assets and funds which have come under the trustee¶s control in this case have been properly accounted 

IRUDVSURYLGHGE\ODZ7KHWUXVWHHKHUHE\UHTXHVWVWREHGLVFKDUJHGIURPIXUWKHUGXWLHVDVDWUXVWHH

$VXPPDU\RIDVVHWVDEDQGRQHGDVVHWVH[HPSWWRWDOGLVWULEXWLRQVWRFODLPDQWVFODLPV

discharged without payment, and expenses of administration is provided below:

Assets Abandoned: $0.00 Assets Exempt: N/A

(without deducting any secured claims)

Total Distribution to Claimants: $115,010.87 Claims Discharged

Without Payment: N/A

Total Expenses of Administration: $137,172.45

7RWDOJURVVUHFHLSWVRI$252,183.32 (see Exhibit 1), minus funds paid to the debtor and third 

parties of $0.00 (see Exhibit 2), yielded net receipts of $252,183.32 from liquidation of the property of 

the estate, which was distributed as follows:

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

Case 21-18481-MAM Doc 65 Filed 07/18/23 Page 1 of 8
CLAIMS

SCHEDULED

CLAIMS

ASSERTED

CLAIMS

ALLOWED

CLAIMS

PAID

SECURED CLAIMS

(from Exhibit 3) 0.00 0.00 0.00 0.00

7KLVFDVHZDVRULJLQDOO\ILOHGXQGHU&KDSWHU7 on 08/31/2021.

The case was pending for 22 months.

$OOHVWDWHEDQNVWDWHPHQWVGHSRVLWVOLSVDQGFDQFHOHGFKHFNVKDYHEHHQVXEPLWWHGWRWKH

United States Trustee.

$QLQGLYLGXDOHVWDWHSURSHUW\UHFRUGDQGUHSRUWVKRZLQJWKHILQDODFFRXQWLQJRIWKHDVVHWVRI

the estate is attached as Exhibit 87KHFDVKUHFHLSWVDQGGLVEXUVHPHQWVUHFRUGVIRUHDFKHVWDWHEDQN

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.

STATEMENT: This Uniform Form is associated with an open bankruptcy case, therefore, Paperwork Reduction

$FWH[HPSWLRQ&)5DDSSOLHV

Dated: 07/05/2023 By: /s/ Michael R. Bakst, Trustee

Trustee

PRIORITY CLAIMS

CHAPTER 7 ADMIN. FEES

AND CHARGES

(from Exhibit 4) 0.00 137,172.45 137,172.45 137,172.45

PRIOR CHAPTER

ADMIN. FEES AND

CHARGES (from Exhibit 5) 0.00 0.00 0.00 0.00

PRIORITY UNSECURED

CLAIMS (from Exhibit 6) 0.00 0.00 0.00 0.00

GENERAL UNSECURED

CLAIMS (from Exhibit 7) 761,443.09 791,709.01 464,310.52 115,010.87

TOTAL DISBURSEMENTS $761,443.09 $928,881.46 $601,482.97 $252,183.32

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

Case 21-18481-MAM Doc 65 Filed 07/18/23 Page 2 of 8
EXHIBITS TO

FINAL ACCOUNT

EXHIBIT 1 - GROSS RECEIPTS

EXHIBIT 2 - FUNDS PAID TO DEBTOR & THIRD PARTIES

DESCRIPTION UNIFORM

TRAN. CODEï

$ AMOUNT

RECEIVED

PNC BANK BUSINESS CHECKING 7984 1129-000 1,183.32

SETTLEMENT AGREEMENT BETWEEN MICHAEL BAKST, TRUSTEE & DEBTOR 

NITV, LLC

1249-000 250,000.00

UNUSED RETAINER TURNED OVER TO TRUSTEE FROM ADVISOR LAW 1290-000 1,000.00

TOTAL GROSS RECEIPTS $252,183.32

ï The Uniform Transaction Code is an accounting code assigned by the trustee for statistical reporting purposes.

PAYEE DESCRIPTION UNIFORM

TRANS. CODE

$ AMOUNT

PAID

None

TOTAL FUNDS PAID TO DEBTOR & THIRD PARTIES

EXHIBIT 3 - SECURED CLAIMS

CLAIM

NO. CLAIMANT

UNIFORM

TRAN.

CODE

CLAIMS

SCHEDULED

(from Form 6D)

CLAIMS

ASSERTED

CLAIMS

ALLOWED

CLAIMS

PAID

None

TOTAL SECURED CLAIMS N/A

EXHIBIT 4 - CHAPTER 7 ADMINISTRATIVE FEES and CHARGES

PAYEE

UNIFORM

TRAN.

CODE

CLAIMS

SCHEDULED

CLAIMS

ASSERTED

CLAIMS

ALLOWED

CLAIMS

PAID

Michael R. Bakst, Trustee 2100-000 N/A 15,859.17 15,859.17 15,859.17

Michael R. Bakst, Trustee 2200-000 N/A 122.88 122.88 122.88

ZAPPOLO & FARWELL, P.A. 3210-000 N/A 87,500.00 87,500.00 87,500.00

Signature Bank 2600-000 N/A 680.93 680.93 680.93

GREENSPOON MARDER, LLP 3110-000 N/A 32,983.50 32,983.50 32,983.50

GREENSPOON MARDER, LLP 3120-000 N/A 25.97 25.97 25.97

TOTAL CHAPTER 7 ADMIN. FEES and CHARGES N/A $137,172.45 $137,172.45 $137,172.45

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

Case 21-18481-MAM Doc 65 Filed 07/18/23 Page 3 of 8
EXHIBIT 5 - PRIOR CHAPTER ADMINISTRATIVE FEES and CHARGES

PAYEE

UNIFORM

TRAN.

CODE

CLAIMS

SCHEDULED

CLAIMS

ASSERTED

CLAIMS

ALLOWED

CLAIMS

PAID

None

TOTAL PRIOR CHAPTER ADMIN. FEES and CHARGES

EXHIBIT 6 - PRIORITY UNSECURED CLAIMS

CLAIM

NO. CLAIMANT

UNIFORM

TRAN.

CODE

CLAIMS

SCHEDULED

(from Form 6E)

CLAIMS

ASSERTED

(from Proofs of 

Claim)

CLAIMS

ALLOWED

CLAIMS

PAID

None

TOTAL PRIORITY UNSECURED CLAIMS N/A

EXHIBIT 7 - GENERAL UNSECURED CLAIMS

CLAIM

NO. CLAIMANT

UNIFORM

TRAN.

CODE

CLAIMS

SCHEDULED

(from Form 6F)

CLAIMS

ASSERTED

(from Proofs of 

Claim)

CLAIMS

ALLOWED

CLAIMS

PAID

1 Brinkley Morgan 7100-000 329,076.19 327,398.49 0.00 0.00

2-2 Elwood Gary Baker 7100-000 250,000.00 464,310.52 464,310.52 115,010.87

NOTFILED Charles Humble 7100-000 43,100.00 0.00 0.00 0.00

NOTFILED Seiden, Alder, et al Attorneys 7100-000 139,266.90 0.00 0.00 0.00

TOTAL GENERAL UNSECURED CLAIMS $761,443.09 $791,709.01 $464,310.52 $115,010.87

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

Case 21-18481-MAM Doc 65 Filed 07/18/23 Page 4 of 8
Case Number:

Case Name:

Period Ending:

21-18481 MAM 

NITV LLC

07/05/23

Michael R. Bakst, Trustee

08/31/21 (f)

10/07/21

11/10/21

Trustee:

Filed (f) or Converted (c):

D0HHWLQJ'DWH

Claims Bar Date:

Ref #

1

Asset Description

(Scheduled And Unscheduled (u) Property)

2

Petition/

Unscheduled

Values

3

Estimated Net Value

(Value Determined By Trustee,

Less Liens, Exemptions,

and Other Costs)

4

Property

Abandoned

2$ D$EDQGRQ

5

Sale/Funds

Received by

the Estate

6

Asset Fully

Administered (FA)/

Gross Value of

Remaining Assets

1 PNC BANK BUSINESS CHECKING 7984 1,183.00 1,183.32 1,183.32 FA 

2 UNUSED RETAINER TURNED OVER TO TRUSTEE FROM 

ADVISOR LAW (u) 

1,000.00 1,000.00 1,000.00 FA 

3 SETTLEMENT AGREEMENT BETWEEN MICHAEL BAKST, 

TRUSTEE & DEBTOR NITV, LLC (u) 

PAY'T PER C.O. DATED 10-25-22--ECF#49

STATE COURT ACTION: ELWOOD GARY BAKER v. NITV 

FEDERAL SERVICES, LLC, LOURDES IRMIA, CHARLES 

HUMBLE ADV. CASE #22-01092

250,000.00 250,000.00 250,000.00 FA 

TOTALS (Excluding Unknown Values) $252,183.00 $252,183.32 $252,183.32 $0.00

Major activities affecting case closing:

CBD: 11-10-2021; OBJ. TO POC#1 FIED 12-14-22--ECF#54.

TAX RETURN STATUS: SINGLE MEMBER LLC (SCHEDULE C). NO TAX FILING REQUIRED BY THE ESTATE

Initial Projected Date of Final Report (TFR): December 31, 2024 Current Projected Date of Final Report (TFR): January 27, 2023 (Actual)

FORM 1

INDIVIDUAL ESTATE PROPERTY RECORD AND REPORT

ASSET CASES

Exhibit 8

Page: 1

Case 21-18481-MAM Doc 65 Filed 07/18/23 Page 5 of 8
Case Number: 21-18481 MAM Trustee: Michael R. Bakst, Trustee

Case Name: NITV LLC Bank Name: Flagstar Bank, N.A.

Account: ******2174 - Checking

Taxpayer ID#: **-***1279 Blanket Bond: $46,061,000.00 (per case limit)

Period Ending: 07/05/23 Separate Bond: N/A

1

Trans.

Date

2

Check or

Ref. #

3

Paid To / Received From

4

Description of Transaction

Uniform

Tran. Code

5

Receipts

$

 6

Disbursements

$

7

Checking

Account Balance

10/05/21 Asset #1 NITV, LLC FUNDS FROM PNC BANK ACCOUNT 1129-000 1,183.32 1,183.32

10/29/21 Signature Bank Bank and Technology Services Fee 2600-000 5.00 1,178.32

11/30/21 Signature Bank Bank and Technology Services Fee 2600-000 5.00 1,173.32

12/31/21 Signature Bank Bank and Technology Services Fee 2600-000 5.00 1,168.32

01/31/22 Signature Bank Bank and Technology Services Fee 2600-000 5.00 1,163.32

02/28/22 Signature Bank Bank and Technology Services Fee 2600-000 5.00 1,158.32

03/31/22 Signature Bank Bank and Technology Services Fee 2600-000 5.00 1,153.32

04/19/22 Asset #2 ADVISOR LAW UNUSED RETAINER TURNED OVER TO 

TRUSTEE FROM ADVISOR LAW.

1290-000 1,000.00 2,153.32

04/29/22 Signature Bank Bank and Technology Services Fee 2600-000 5.00 2,148.32

05/31/22 Signature Bank Bank and Technology Services Fee 2600-000 5.00 2,143.32

06/30/22 Signature Bank Bank and Technology Services Fee 2600-000 5.00 2,138.32

07/29/22 Signature Bank Bank and Technology Services Fee 2600-000 5.00 2,133.32

08/31/22 Signature Bank Bank and Technology Services Fee 2600-000 5.00 2,128.32

09/30/22 Signature Bank Bank and Technology Services Fee 2600-000 5.00 2,123.32

10/31/22 Signature Bank Bank and Technology Services Fee 2600-000 5.00 2,118.32

Form 2

Cash Receipts and Disbursements Record

Exhibit 9

Page: 1

Case 21-18481-MAM Doc 65 Filed 07/18/23 Page 6 of 8
Case Number: 21-18481 MAM Trustee: Michael R. Bakst, Trustee

Case Name: NITV LLC Bank Name: Flagstar Bank, N.A.

Account: ******2174 - Checking

Taxpayer ID#: **-***1279 Blanket Bond: $46,061,000.00 (per case limit)

Period Ending: 07/05/23 Separate Bond: N/A

1

Trans.

Date

2

Check or

Ref. #

3

Paid To / Received From

4

Description of Transaction

Uniform

Tran. Code

5

Receipts

$

 6

Disbursements

$

7

Checking

Account Balance

11/15/22 Asset #3 NITV FERDERAL SERVICES PAY'T PER C.O. DATED 10-25-22--ECF#49 1249-000 250,000.00 252,118.32

11/30/22 Signature Bank Bank and Technology Services Fee 2600-000 206.57 251,911.75

12/14/22 1001 ZAPPOLO & FARWELL, P.A. PAY'T PER C.O. DATED 10-25-22--ECF#49 3210-000 87,500.00 164,411.75

12/30/22 Signature Bank Bank and Technology Services Fee 2600-000 409.36 164,002.39

02/24/23 1002 Michael R. Bakst, Trustee Dividend of 100.000000000%. 2200-000 122.88 163,879.51

02/24/23 1003 GREENSPOON MARDER, LLP Dividend of 100.000000000%. 3120-000 25.97 163,853.54

02/24/23 1004 Michael R. Bakst, Trustee Dividend of 100.000000000%. 2100-000 15,859.17 147,994.37

02/24/23 1005 GREENSPOON MARDER, LLP Dividend of 100.000000000%. 3110-000 32,983.50 115,010.87

02/24/23 1006 Elwood Gary Baker Dividend of 24.770249%; Claim #2-2; Stopped 

on 03/21/2023

7100-000 115,010.87 0.00

03/21/23 1006 Elwood Gary Baker Dividend of 24.770249%; Claim #2-2; Stopped: 

Check issued on 02/24/2023

7100-000 -115,010.87 115,010.87

03/22/23 1007 Elwood Gary Baker Dividend of 24.770249%; Claim #2-2 

[REPLACING CHECK #1006]

7100-000 115,010.87 0.00

ACCOUNT TOTALS

Less: Bank Transfers

252,183.32

0.00

252,183.32

0.00

$0.00

Subtotal

Less: Payment to Debtors

252,183.32 252,183.32

0.00

NET Receipts / Disbursements $252,183.32 $252,183.32

Form 2

Cash Receipts and Disbursements Record

Exhibit 9

Page: 2

Case 21-18481-MAM Doc 65 Filed 07/18/23 Page 7 of 8
TOTAL - ALL ACCOUNTS

Net

Receipts

Net

Disbursements

Account

Balances

Checking # ******2174 252,183.32 252,183.32 0.00

$252,183.32 $252,183.32 $0.00

Net Receipts: $252,183.32

Net Estate: $252,183.32

Form 2

Cash Receipts and Disbursements Record

Exhibit 9

Page: 3

Case 21-18481-MAM Doc 65 Filed 07/18/23 Page 8 of 8