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: §

§

REULAND, ROBERT R § Case No. 10-00066

§

Debtor(s) §

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)

Case 10-00066 Doc 107 Filed 06/14/12 Entered 06/14/12 11:24:12 Desc Main

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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/Roy Safanda

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)

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Exhibit A

INDIVIDUAL ESTATE PROPERTY RECORD AND REPORT

ASSET CASES

Case No: 10-00066 MB Judge: Manuel Barbosa

REULAND, ROBERT R

05/09/12

Trustee Name: Roy Safanda

Page: 1

Case Name:

For Period Ending:

1 2 3 4 5 6

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) Abandon

DA=554(c) Abandon

Sale/Funds

Received by

the Estate

Asset Fully Administered (FA)/

Gross Value of Remaining Assets

1

Date Filed (f) or Converted (c): 01/04/10 (f)

341(a) Meeting Date: 05/17/10

Claims Bar Date: 12/16/10

1. RE Sugar GR 225,000.00 0.00 DA 0.00 FA

2. RE Aurora 330,000.00 0.00 DA 0.00 FA

3. Household 2,000.00 0.00 DA 0.00 FA

4. Apparel 200.00 0.00 DA 0.00 FA

5. Life Ins. 40,319.08 0.00 DA 500.00 FA

6. 88% Budget 0.00 0.00 DA 0.00 FA

7. Tax Refund 0.00 0.00 DA 0.00 FA

8. Forc. Surplus (u) Unknown 0.00 36,350.20 FA

9. Interest (u) Unknown 0.00 54.99 0.00

10. Preferences: Safanda v Fifth Third Bank (u) 0.00 14,468.32 14,468.32 FA

ADV: 11-02648

Gross Value of Remaining Assets

TOTALS (Excluding Unknown Values) $597,519.08 $14,468.32 $51,373.51 $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:

Objection to discharge filed.

Initial Projected Date of Final Report (TFR): 01/01/12 Current Projected Date of Final Report (TFR): 06/01/12

Ver: 16.06a LFORM1 UST Form 101-7-TFR (5/1/2011) (Page: 3)

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Exhibit B ESTATE CASH RECEIPTS AND DISBURSEMENTS RECORD

Case No: 10-00066 -MB

REULAND, ROBERT R

*******2847

Trustee Name: Roy Safanda

Old Second National Bank

Page: 1

Case Name:

Taxpayer ID No:

Bank Name:

For Period Ending: 05/09/12

Account Number / CD #:

1 2 4 5 6 7

Transaction

Date

Check or

Reference Description Of Transaction Deposits ($) Disbursements ($)

3

Paid To / Received From

Account / CD

Balance ($)

FORM 2

Old Account #'s: 1: *******0848 2:

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

Separate Bond (if applicable):

*******0848 Checking Account

Uniform

Tran. Code

BALANCE FORWARD 0.00

11/19/10 8 Sheriff Forc. Surplus 1210-000 1,350.20 1,350.20

02/16/11 001001 Inter. Sure Bond Premium 2300-000 34.00 1,316.20

04/12/11 Transfer from Acct #*******0855 Bank Funds Transfer 9999-000 35,024.93 36,341.13

04/12/11 001002 The Estate of Robert E. Reuland Transf. funds to Cap One 9999-000 36,341.13 0.00

COLUMN TOTALS 36,375.13

Less: Bank Transfers/CD's

Subtotal

Less: Payments to Debtors

Net

36,375.13 0.00

35,024.93 36,341.13

1,350.20 34.00

1,350.20 34.00

0.00

Page Subtotals 36,375.13 36,375.13

Ver: 16.06a

LFORM24

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

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Exhibit B ESTATE CASH RECEIPTS AND DISBURSEMENTS RECORD

Case No: 10-00066 -MB

REULAND, ROBERT R

*******2847

Trustee Name: Roy Safanda

Old Second National Bank

Page: 2

Case Name:

Taxpayer ID No:

Bank Name:

For Period Ending: 05/09/12

Account Number / CD #:

1 2 4 5 6 7

Transaction

Date

Check or

Reference Description Of Transaction Deposits ($) Disbursements ($)

3

Paid To / Received From

Account / CD

Balance ($)

FORM 2

Old Account #'s: 1: *******0855 2:

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

Separate Bond (if applicable):

*******0855 Money Market Account

Uniform

Tran. Code

BALANCE FORWARD 0.00

11/19/10 8 Sherriff Forc. Surplus 1210-000 35,000.00 35,000.00

11/30/10 9 Old Second National Bank INTEREST 1270-000 1.72 35,001.72

12/31/10 9 Old Second National Bank INTEREST 1270-000 5.95 35,007.67

01/31/11 9 Old Second National Bank INTEREST 1270-000 5.94 35,013.61

02/28/11 9 Old Second National Bank INTEREST 1270-000 5.38 35,018.99

03/31/11 9 Old Second National Bank INTEREST 1270-000 5.94 35,024.93

04/12/11 Transfer to Acct #*******0848 Bank Funds Transfer 9999-000 35,024.93 0.00

COLUMN TOTALS 35,024.93

Less: Bank Transfers/CD's

Subtotal

Less: Payments to Debtors

Net

35,024.93 0.00

0.00 35,024.93

35,024.93 0.00

35,024.93 0.00

0.00

Page Subtotals 35,024.93 35,024.93

Ver: 16.06a

LFORM24

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

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Exhibit B ESTATE CASH RECEIPTS AND DISBURSEMENTS RECORD

Case No: 10-00066 -MB

REULAND, ROBERT R

*******2847

Trustee Name: Roy Safanda

Capital One

Page: 3

Case Name:

Taxpayer ID No:

Bank Name:

For Period Ending: 05/09/12

Account Number / CD #:

1 2 4 5 6 7

Transaction

Date

Check or

Reference Description Of Transaction Deposits ($) Disbursements ($)

3

Paid To / Received From

Account / CD

Balance ($)

FORM 2

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

Separate Bond (if applicable):

*******7269 Money Market Account

Uniform

Tran. Code

BALANCE FORWARD 0.00

04/12/11 The Estate of Robert R. Reuland Transf. funds to Cap One 9999-000 36,341.13 36,341.13

05/31/11 9 Capital One Interest Rate 0.000 1270-000 4.09 36,345.22

06/30/11 9 Capital One INTEREST REC'D FROM BANK 1270-000 2.39 36,347.61

07/29/11 9 Capital One Interest Rate 0.000 1270-000 2.47 36,350.08

08/09/11 Robert R. Reuland

330 Lawndale Ave.

Aurora, IL 60506

5 1129-000 500.00 36,850.08

08/31/11 9 Capital One Interest Rate 0.000 1270-000 2.14 36,852.22

09/30/11 9 Capital One Interest Rate 0.080 1270-000 2.42 36,854.64

10/31/11 9 Capital One Interest Rate 0.080 1270-000 2.50 36,857.14

11/30/11 9 Capital One Interest Rate 0.080 1270-000 2.42 36,859.56

12/30/11 9 Capital One Interest Rate 0.080 1270-000 2.50 36,862.06

01/06/12 000101 Robert R. Reuland Settlement 8100-000 3,500.00 33,362.06

01/31/12 9 Capital One Interest Rate 0.080 1270-000 2.35 33,364.41

02/29/12 9 Capital One Interest Rate 0.080 1270-000 2.11 33,366.52

03/30/12 9 Capital One Interest Rate 0.080 1270-000 2.26 33,368.78

04/30/12 9 Capital One Interest Rate 0.080 1270-000 2.19 33,370.97

05/04/12 9 Capital One INTEREST REC'D FROM BANK 1270-000 0.22 33,371.19

05/04/12 Transfer to Acct #*******7277 Bank Funds Transfer 9999-000 33,371.19 0.00

Page Subtotals 36,871.19 36,871.19

Ver: 16.06a

LFORM24

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

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Exhibit B ESTATE CASH RECEIPTS AND DISBURSEMENTS RECORD

Case No: 10-00066 -MB

REULAND, ROBERT R

*******2847

Trustee Name: Roy Safanda

Capital One

Page: 4

Case Name:

Taxpayer ID No:

Bank Name:

For Period Ending: 05/09/12

Account Number / CD #:

1 2 4 5 6 7

Transaction

Date

Check or

Reference Description Of Transaction Deposits ($) Disbursements ($)

3

Paid To / Received From

Account / CD

Balance ($)

FORM 2

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

Separate Bond (if applicable):

*******7269 Money Market Account

Uniform

Tran. Code

COLUMN TOTALS 36,871.19

Less: Bank Transfers/CD's

Subtotal

Less: Payments to Debtors

Net

36,871.19 0.00

36,341.13 33,371.19

530.06 3,500.00

530.06 0.00

3,500.00

Page Subtotals 0.00 0.00

Ver: 16.06a

LFORM24

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

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Exhibit B ESTATE CASH RECEIPTS AND DISBURSEMENTS RECORD

Case No: 10-00066 -MB

REULAND, ROBERT R

*******2847

Trustee Name: Roy Safanda

Capital One

Page: 5

Case Name:

Taxpayer ID No:

Bank Name:

For Period Ending: 05/09/12

Account Number / CD #:

1 2 4 5 6 7

Transaction

Date

Check or

Reference Description Of Transaction Deposits ($) Disbursements ($)

3

Paid To / Received From

Account / CD

Balance ($)

FORM 2

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

Separate Bond (if applicable):

*******7277 Checking Account

Uniform

Tran. Code

BALANCE FORWARD 0.00

05/04/12 Fifth Third Bank

Cincinnati, OH

10 Preference Settlement 1241-000 14,468.32 14,468.32

05/04/12 Transfer from Acct #*******7269 Bank Funds Transfer 9999-000 33,371.19 47,839.51

05/08/12 001001 Clerk of the U.S. Bankruptcy Court Deferred Adversary Filing Fees

10-01814 - $250

10-02391 - $250

11-00902 - $250

11-02648 - $293

2700-000 1,043.00 46,796.51

COLUMN TOTALS 47,839.51

Less: Bank Transfers/CD's

Subtotal

Less: Payments to Debtors

Net

1,043.00 46,796.51

33,371.19 0.00

14,468.32 1,043.00

14,468.32 1,043.00

0.00

Checking Account - ********0848

Money Market Account - ********0855

Money Market Account - ********7269

Checking Account - ********7277

1,350.20

35,024.93

530.06

14,468.32

------------------------

51,373.51

==============

(Excludes Account

Transfers)

34.00

0.00

0.00

1,043.00

------------------------

1,077.00

==============

(Excludes Payments

To Debtors)

0.00

0.00

0.00

46,796.51

------------------------

46,796.51

==============

Total Funds

On Hand

TOTAL - ALL ACCOUNTS NET DEPOSITS

NET

DISBURSEMENTS

ACCOUNT

BALANCE

Page Subtotals 47,839.51 1,043.00

Ver: 16.06a

LFORM24

UST Form 101-7-TFR (5/1/2011) (Page: 8)

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Page 1 Date: May 10, 2012

Case Number: 10-00066

Debtor Name: REULAND, ROBERT R

Code #

ANALYSIS OF CLAIMS REGISTER

Creditor Name & Address Notes Amount Allowed Paid to Date Claim Balance

Claim Type Sequence

Claim Class

EXHIBIT C

3110-00

$618.75 $0.00

001

Roy Safanda, Administrative $618.75

Trustee's Attorney

Safanda Law Firm

111 East Side Drive

Geneva, IL 60134

3110-00

$9,873.31 $0.00

001

Carl F. Safanda Administrative $9,873.31

Attorney to Trustee

Safanda Law Firm

111 East Side Drive

Geneva, IL 60134

7100-00

$265,920.80 $0.00

070

000001

(1-1) Commercial Guaranty

Harris, N.A. Unsecured $265,920.80

111 W Monroe Street

Chicago, IL 60603

7100-00

$537,102.63 $0.00

070

000002

(2-1) Creditor name updated 11/22/2010

Kent V. & Sharon L. Catich Unsecured $537,102.63

C/O: Ruddy, Milroy & King LLC

1700 N Famsworth Ave Ste 12

Aurora, IL 60505-1186

7100-00

$36,522.40 $0.00

070

000003

(3-1) Modified to correct name (Modified on 11/16/10) lw

Edward K Catich Unsecured $36,522.40

C/O: Ruddy, Milroy & King LLC

1700 N Famsworth Ave Ste 12

Aurora, IL 60505-1186

7100-00

$0.00 $0.00

070

000004 Kent V Catich IRA Unsecured $0.00

Old Second Wealth Management

37 S River Street

Aurora, IL 60506

7100-00

$0.00 $0.00

070

000005 Edward K. Catich IRA Rollover Unsecured $0.00

Old Second Wealth Management

37 South River Street

Aurora,IL 60506-4172

7100-00

$46,679.66 $0.00

070

000006

(6-1) CREDIT CARD DEBT(6-2) CREDIT CARD DEBT

(6-2) Amending claim to Add Documentation

American Express Bank, FSB Unsecured $46,679.66

c o Becket and Lee LLP

POB 3001

Malvern, PA 19355-0701

7100-00

$8,650.00 $0.00

070

000007 Joyce Reuland Unsecured $8,650.00

330 Lawndale Avenue

Aurora, IL 60506

7100-00

$157,782.34 $0.00

070

000008

(8-1) Personal Guaranty

(8-2) Amended to Correct Name of Debtor

Bayview Loan Servicing Unsecured $157,782.34

c/o kluever & Platt, LLC

65 East wacker Place, Suite 2300

Chicago, IL 60601

7100-00

$377,358.35 $0.00

070

000009 MB Financial Bank, N.A. Unsecured $377,358.35

successor to Benchmark Bank

Megan A Drefchinski Collins Law Firm

PC

1770 N Park #200

Printed: 05/10/12 11:16 AM Ver: 16.06a CREGISTRUST Form 101-7-TFR (5/1/2011) (Page: 9)

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Page 2 Date: May 10, 2012

Case Number: 10-00066

Debtor Name: REULAND, ROBERT R

Code #

ANALYSIS OF CLAIMS REGISTER

Creditor Name & Address Notes Amount Allowed Paid to Date Claim Balance

Claim Type Sequence

Claim Class

EXHIBIT C

Naperville, Il 60563

Case Totals: $1,440,508.24 $0.00 $1,440,508.24

Code #: Trustee's Claim Number, Priority Code, Claim Type

Printed: 05/10/12 11:16 AM Ver: 16.06a CREGISTRUST Form 101-7-TFR (5/1/2011) (Page: 10)

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TRUSTEE’S PROPOSED DISTRIBUTION

Exhibit D

Case No.: 10-00066

Case Name: REULAND, ROBERT R

Trustee Name: Roy Safanda

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:

Balance on hand $

Reason/Applicant Total Requested

Interim Payments

to Date

Proposed

Payment

Trustee Fees: Roy Safanda $ $ $

Trustee Expenses: Roy Safanda $ $ $

Attorney for Trustee Fees: Roy Safanda, $ $ $

Other: Carl F. Safanda $ $ $

Other: Carl F. Safanda $ $ $

Total to be paid for chapter 7 administrative expenses $

Remaining Balance $

UST Form 101-7-TFR (5/1/2011) (Page: 11)

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NONE

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:

Claim No. Claimant

Allowed Amount

of Claim

Interim Payments

to Date

Proposed

Payment

000001

Harris, N.A.

111 W Monroe Street

Chicago, IL 60603 $ $ $

000002

Kent V. & Sharon L.

Catich

C/O: Ruddy, Milroy &

King LLC

1700 N Famsworth Ave Ste

12

Aurora, IL 60505-1186 $ $ $

000003

Edward K Catich

C/O: Ruddy, Milroy &

King LLC

1700 N Famsworth Ave Ste

12

Aurora, IL 60505-1186 $ $ $

000004

Kent V Catich IRA

Old Second Wealth

Management

37 S River Street

Aurora, IL 60506 $ $ $

000005

Edward K. Catich IRA

Rollover

Old Second Wealth

Management

37 South River Street

Aurora,IL 60506-4172 $ $ $

UST Form 101-7-TFR (5/1/2011) (Page: 12)

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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:

NONE

Claim No. Claimant

Allowed Amount

of Claim

Interim Payments

to Date

Proposed

Payment

000006

American Express Bank,

FSB

c o Becket and Lee LLP

POB 3001

Malvern, PA 19355-0701 $ $ $

000007

Joyce Reuland

330 Lawndale Avenue

Aurora, IL 60506 $ $ $

000008

Bayview Loan Servicing

c/o kluever & Platt, LLC

65 East wacker Place, Suite

2300

Chicago, IL 60601 $ $ $

000009

MB Financial Bank, N.A.

successor to Benchmark

Bank

Megan A Drefchinski

Collins Law Firm PC

1770 N Park #200

Naperville, Il 60563 $ $ $

Total to be paid to timely general unsecured creditors $

Remaining Balance $

UST Form 101-7-TFR (5/1/2011) (Page: 13)

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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

UST Form 101-7-TFR (5/1/2011) (Page: 14)

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