CHAPTER 7 TRUSTEE'S FINAL ACCOUNT AND DISTRIBUTION

REPORT CERTIFICATION THAT THE ESTATE HAS BEEN FULLY ADMINISTERED

AND APPLICATION TO BE DISCHARGED (TDR)

UNITED STATES BANKRUPTCY COURT

In re: § Case No.

§

§

§

CARLSEN, STEVE 09-75777

NORTHERN DISTRICT OF ILLINOIS

Debtor(s)

WESTERN DIVISION

Certification that the Estate has been Fully Administered and Application to be Discharged.

STEPHEN G. BALSLEY, chapter 7 trustee, submits this Final Account,

1) All funds on hand have been distributed in accordance with the Trustee's Final Report

administered and all assets and funds which have come under the trustee's control in this case

and, if applicable, any order of the Court modifying the Final Report. The case is fully

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:

Without Payment:

Claims Discharged

Assets Exempt:

Total Expenses of Administration:

Assets Abandoned:

Total Distribution to Claimants:

$1,502,904.50 $509,100.00

$2,321.23

$179,151.58

$2,333.74

(without deducting any secured claims)

Exhibit 1 ), minus funds paid to the debtor

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

(see

(see Exhibit 2

3) Total gross receipts of $ 4,654.97

and third parties of $ 0.00 ), yielded net receipts of $4,654.97

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

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CLAIMS

SCHEDULED

CLAIMS

ASSERTED ALLOWED PAID

SECURED CLAIMS

(from

PRIORITY CLAIMS:

CHAPTER 7 ADMIN. FEES

AND CHARGES

PRIOR CHAPTER

ADMIN. FFES AND

PRIORITY UNSECURED

GENERAL UNSECURED

TOTAL DISBURSEMENTS

CLAIMS CLAIMS

Exhibit 3)

(from Exhibit 4)

CHARGES (fromExhibit 5)

CLAIMS (fromExhibit 6)

CLAIMS (fromExhibit 7)

$1,804,711.00 $75,835.92 $0.00 $0.00

0.00 2,333.74 2,333.74 2,333.74

180,849.33 58,165.42 58,165.42 2,321.23

0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00

$1,985,560.33 $136,335.08 $60,499.16 $4,654.97

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

each estate bank account, showing the final accounting of the receipts and disbursements of

. The cash receipts and disbursements records for

estate funds is attached as .

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

foregoing report is true and correct.

Dated: By:

Trustee

Exhibit 8

Exhibit 9

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.

4) This case was originally filed under Chapter 7 on December 31, 2009.

12/23/2010 /s/STEPHEN G. BALSLEY

The case was pending for 13 months.

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

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EXHIBITS TO

FINAL ACCOUNT

EXHIBIT 1 GROSS RECEIPTS

UNIFORM

TRAN. CODE

$ AMOUNT

1 RECEIVED DESCRIPTION

2009 Tax Refund 1224-000 4,654.50

Interest Income 1270-000 0.47

TOTAL GROSS RECEIPTS $4,654.97

The Uniform Transaction Code is an accounting code assigned by the trustee for statistical reporting purposes. 1

EXHIBIT 2 FUNDS PAID TO DEBTOR & THIRD PARTIES

UNIFORM

TRAN. CODE

$ AMOUNT

PAID PAYEE DESCRIPTION

None

$0.00 TOTAL FUNDS PAID TO DEBTOR AND THIRD

PARTIES

EXHIBIT 3 SECURED CLAIMS

UNIFORM

TRAN. CLAIMS

PAID CLAIMANT

CODE

CLAIMS

ALLOWED

CLAIMS

ASSERTED

CLAIMS

SCHEDULED

(from Form

6D)

CLAIM

NO.

1 Webster Bank 4110-000 72,777.00 75,835.92 0.00 0.00

NOTFILED American General Finance 4110-000 5,436.00 N/A N/A 0.00

NOTFILED Aurora Loan Services 4110-000 319,197.00 N/A N/A 0.00

NOTFILED Bank of America 4110-000 23,248.00 N/A N/A 0.00

NOTFILED Chase 4110-000 833,433.00 N/A N/A 0.00

NOTFILED The Honda National Bank 4110-000 34,973.00 N/A N/A 0.00

NOTFILED Washington Mutual Mortgage 4110-000 50,522.00 N/A N/A 0.00

NOTFILED Texas Assocation of P 4110-000 54,898.00 N/A N/A 0.00

NOTFILED Indymac Bank 4110-000 339,022.00 N/A N/A 0.00

NOTFILED Texas Association of P 4110-000 71,205.00 N/A N/A 0.00

TOTAL SECURED CLAIMS $1,804,711.00 $75,835.92 $0.00 $0.00

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

Case 09-75777 Doc 55 Filed 01/26/11 Entered 01/26/11 11:23:09 Desc Main

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EXHIBIT 4 CHAPTER 7 ADMINISTRATIVE FEES and CHARGES

UNIFORM

TRAN. CLAIMS

PAID PAYEE

CODE

CLAIMS

ALLOWED

CLAIMS

ASSERTED

CLAIMS

SCHEDULED

STEPHEN G. BALSLEY 2100-000 N/A 1,163.74 1,163.74 1,163.74

Barrick, Switzer, Long, Balsley & Van

Evera

3110-000 N/A 1,170.00 1,170.00 1,170.00

TOTAL CHAPTER 7 ADMIN. FEES N/A

AND CHARGES 2,333.74 2,333.74 2,333.74

UNIFORM

TRAN. CLAIMS

PAID PAYEE

CODE

CLAIMS

ALLOWED

CLAIMS

ASSERTED

CLAIMS

SCHEDULED

EXHIBIT 5 PRIOR CHAPTER ADMINISTRATIVE FEES and CHARGES

None

TOTAL PRIOR CHAPTER ADMIN. N/A

FEES AND CHARGES

0.00 0.00 0.00

EXHIBIT 6 PRIORITY UNSECURED CLAIMS

UNIFORM

TRAN. CLAIMS

PAID CLAIMANT

CODE

CLAIMS

ALLOWED

CLAIMS

ASSERTED

CLAIMS

SCHEDULED

(from Form

6E)

(from Proofs of

Claim)

CLAIM

NO.

None

TOTAL PRIORITY UNSECURED

CLAIMS 0.00 0.00 0.00 0.00

EXHIBIT 7 GENERAL UNSECURED CLAIMS

UNIFORM

TRAN. CLAIMS

PAID CLAIMANT

CODE

CLAIMS

ALLOWED

CLAIMS

ASSERTED

CLAIMS

SCHEDULED

(from Form

6F)

(from Proofs of

Claim)

CLAIM

NO.

2 Chase Bank USA, N.A. 7100-000 430.00 377.58 377.58 15.07

3 Chase Bank USA, N.A. 7100-000 823.00 723.43 723.43 28.87

4 Dupage Credit Union 7100-000 2,500.00 2,500.00 2,500.00 99.77

5 West & West Attorneys, P.C. 7100-000 547.00 597.00 597.00 23.82

6 Roundup Funding, LLC 7100-000 6,353.00 6,353.36 6,353.36 253.55

Precision Recovery 18,545.94

Analytics, Inc

7 7100-000 18,911.47 18,911.47 754.71

8 Navy Federal Credit Union 7100-000 14,660.00 14,848.42 14,848.42 592.56

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

Case 09-75777 Doc 55 Filed 01/26/11 Entered 01/26/11 11:23:09 Desc Main

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Capital Recovery III LLC As 1,349.00

Assignee of CREDIT ONE

9 7100-000 1,549.09 1,549.09 61.82

10 Rockford Mercantile 7100-000 2,035.00 2,035.05 2,035.05 81.21

11 U.S. Bank N.A. 7100-000 9,415.00 9,415.99 9,415.99 375.77

Fia Card Services, NA/Bank 884.00

of America

12 7100-000 854.03 854.03 34.08

NOTFILED Lvnv Funding Llc 7100-000 1,527.00 N/A N/A 0.00

NOTFILED Nicor Gas 7100-000 778.00 N/A N/A 0.00

NOTFILED HSBC Retail Services 7100-000 327.60 N/A N/A 0.00

NOTFILED Hsbc Bank 7100-000 324.00 N/A N/A 0.00

NOTFILED Wffinancial 7100-000 545.00 N/A N/A 0.00

NOTFILED The Hondo National Bank 7100-000 303.95 N/A N/A 0.00

NOTFILED Gemb/home Design-floor 7100-000 6,353.00 N/A N/A 0.00

NOTFILED State Collection Servi 7100-000 532.00 N/A N/A 0.00

NOTFILED Nicor Gas 7100-000 615.00 N/A N/A 0.00

NOTFILED Paragonway 7100-000 18,911.00 N/A N/A 0.00

NOTFILED Fifth Third Bank 7100-000 4,499.00 N/A N/A 0.00

NOTFILED Citifinancial Retail S 7100-000 3,134.00 N/A N/A 0.00

NOTFILED First Equity Card/tsys 7100-000 11,420.00 N/A N/A 0.00

NOTFILED Dependon Collection Se 7100-000 169.00 N/A N/A 0.00

NOTFILED Citibank Usa 7100-000 20,314.00 N/A N/A 0.00

NOTFILED Capital One Bank 7100-000 14,066.74 N/A N/A 0.00

NOTFILED Capital 1 Bank 7100-000 32,791.00 N/A N/A 0.00

NOTFILED 5/3 Bank Cc 7100-000 4,499.00 N/A N/A 0.00

GC Services Limited 2,198.10

Partnership Collection

NOTFILED 7100-000 N/A N/A 0.00

TOTAL GENERAL UNSECURED

CLAIMS 180,849.33 58,165.42 58,165.42 2,321.23

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

Case 09-75777 Doc 55 Filed 01/26/11 Entered 01/26/11 11:23:09 Desc Main

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Filed (f) or Converted (c):

Claims Bar Date:

Form 1

Individual Estate Property Record and Report

Asset Cases

Period Ending: 01/26/11

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)

DA=§554(c)

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

09-75777

07/21/10

Ref. #

Case Name: CARLSEN, STEVE

§341(a) Meeting Date: 02/04/10

12/31/09 (f)

(330410)

Exhibit 8

1 Location: 8637 Olson, Single Family Home (Reside 340,000.00 0.00 DA 0.00 FA

2 192 Betty Drive, Inverness, IL, Single Family Ho 541,000.00 0.00 DA 0.00 FA

3 306 Forever Ridge, Helotes, Texas, Single Family 300,000.00 0.00 DA 0.00 FA

4 304 Forever Ridge, Helotes, Texas, Lot 38,000.00 0.00 DA 0.00 FA

5 1223 Kayton, San, Single Family Home 92,000.00 0.00 DA 0.00 FA

6 1702 Sanko, San, Single Family Home 65,000.00 0.00 DA 0.00 FA

7 Timeshare: Myrtle Beach, South 1,000.00 0.00 DA 0.00 FA

8 Dupage Credit Union checking account 1,000.00 0.00 DA 0.00 FA

9 Fifth Third Bank checking account 500.00 0.00 DA 0.00 FA

10 Misc: Tv's, Washer, Dryer, Stove, Refrigerator, 2,000.00 0.00 DA 0.00 FA

11 Clothing 100.00 0.00 DA 0.00 FA

12 Jewelry: Wedding Rings 2,000.00 0.00 DA 0.00 FA

13 Camera 225.00 0.00 DA 0.00 FA

14 Pension Plan 60,000.00 0.00 DA 0.00 FA

15 Back child support owed to Steve Carlsen 43,000.00 0.00 DA 0.00 FA

16 2007 Chevy Silverado 77,000 miles 10,125.00 0.00 DA 0.00 FA

17 1997 Olds Delta 88 64,000 miles 975.00 0.00 DA 0.00 FA

18 1997 Mercury Cougar 60,000 miles 1,125.00 0.00 DA 0.00 FA

19 Misc hand tools 200.00 0.00 DA 0.00 FA

20 2009 Tax Refund (u) 4,654.50 4,654.50 DA 4,654.50 FA

21 Lawsuit: Steve Carlsen and Melissa Tomaso vs. M Unknown 0.00 DA 0.00 FA

22 Possible Cross-Claim and Counter-Claim: Countryw Unknown 0.00 DA 0.00 FA

Int INTEREST (u) Unknown N/A 0.47 FA

23 Assets Totals (Excluding unknown values) $1,502,904.50 $4,654.50 $4,654.97 $0.00

Major Activities Affecting Case Closing:

Printed: 01/26/2011 10:41 AM V.12.56

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 Document Page 6 of 10
Filed (f) or Converted (c):

Claims Bar Date:

Form 1

Individual Estate Property Record and Report

Asset Cases

Period Ending: 01/26/11

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)

DA=§554(c)

Sale/Funds

Received by

the Estate

Asset Fully

Administered (FA)/

Gross Value of

Remaining Assets

1 2 3 4 5 6

Case Number:

Page: 2

09-75777

07/21/10

Ref. #

Case Name: CARLSEN, STEVE

§341(a) Meeting Date: 02/04/10

12/31/09 (f)

(330410)

Exhibit 8

Initial Projected Date Of Final Report (TFR): August 2, 2010 Current Projected Date Of Final Report (TFR): August 5, 2010 (Actual)

Printed: 01/26/2011 10:41 AM V.12.56

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 Document Page 7 of 10
Blanket Bond:

Separate Bond:

Description of Transaction

Form 2

Cash Receipts And Disbursements Record

01/26/11

Taxpayer ID #: **-***9924

Case Number:

Bank Name:

$1,500,000.00 (per case limit)

9200-******92-65 - Money Market Account

The Bank of New York Mellon

Trans.

Date

{Ref #} /

Check # Paid To / Received From

Receipts

$

Disbursements

$ Account Balance

Money Market

Trustee: STEPHEN G. BALSLEY (330410)

Page: 1

09-75777

Case Name: CARLSEN, STEVE

N/A

1 2 3 4 5 6 7

Account:

Period Ending:

T-Code

Exhibit 9

Partial Payment of non-exempt portion of 2009 2,000.00

tax refund

05/04/10 {20} DuPage Credit Union 1224-000 2,000.00

05/28/10 Int The Bank of New York Mellon Interest posting at 0.0700% 1270-000 0.10 2,000.10

06/30/10 Int The Bank of New York Mellon Interest posting at 0.0700% 1270-000 0.11 2,000.21

Final Payment of Non-exempt portion of 2009 2,654.50

tax refund

07/06/10 {20} Steven Carlsen 1224-000 4,654.71

07/30/10 Int The Bank of New York Mellon Interest posting at 0.0700% 1270-000 0.25 4,654.96

08/02/10 Int The Bank of New York Mellon Current Interest Rate is 0.0700% 1270-000 0.01 4,654.97

08/02/10 To Account #9200******9266 Transfer to Closed Money Market Account 9999-000 4,654.97 0.00

ACCOUNT TOTALS 4,654.97 4,654.97 $0.00

Less: Bank Transfers 0.00 4,654.97

Subtotal 4,654.97 0.00

Less: Payments to Debtors 0.00

NET Receipts / Disbursements $4,654.97 $0.00

{} Asset reference(s) Printed: 01/26/2011 10:41 AM V.12.56

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Blanket Bond:

Separate Bond:

Description of Transaction

Form 2

Cash Receipts And Disbursements Record

01/26/11

Taxpayer ID #: **-***9924

Case Number:

Bank Name:

$1,500,000.00 (per case limit)

9200-******92-66 - Checking Account

The Bank of New York Mellon

Trans.

Date

{Ref #} /

Check # Paid To / Received From

Receipts

$

Disbursements

$ Account Balance

Checking

Trustee: STEPHEN G. BALSLEY (330410)

Page: 2

09-75777

Case Name: CARLSEN, STEVE

N/A

1 2 3 4 5 6 7

Account:

Period Ending:

T-Code

Exhibit 9

08/02/10 From Account #9200******9265 Transfer to Closed Money Market Account 9999-000 4,654.97 4,654.97

Dividend paid 100.00% on $1,170.00, Attorney

for Trustee Fees (Trustee Firm); Reference:

Barrick, Switzer, Long, Balsley &

Van Evera

09/08/10 101 3110-000 1,170.00 3,484.97

Dividend paid 100.00% on $1,163.74, Trustee

Compensation; Reference:

09/08/10 102 STEPHEN G. BALSLEY 2100-000 1,163.74 2,321.23

Dividend paid 3.99% on $377.58; Claim# 2;

Filed: $377.58; Reference:

09/08/10 103 Chase Bank USA, N.A. 7100-000 15.07 2,306.16

Dividend paid 3.99% on $723.43; Claim# 3;

Filed: $723.43; Reference:

09/08/10 104 Chase Bank USA, N.A. 7100-000 28.87 2,277.29

Dividend paid 3.99% on $2,500.00; Claim# 4;

Filed: $2,500.00; Reference:

09/08/10 105 Dupage Credit Union 7100-000 99.77 2,177.52

Dividend paid 3.99% on $597.00; Claim# 5;

Filed: $597.00; Reference:

09/08/10 106 West & West Attorneys, P.C. 7100-000 23.82 2,153.70

Dividend paid 3.99% on $6,353.36; Claim# 6;

Filed: $6,353.36; Reference:

09/08/10 107 Roundup Funding, LLC 7100-000 253.55 1,900.15

Dividend paid 3.99% on $18,911.47; Claim# 7;

Filed: $18,911.47; Reference:

09/08/10 108 Precision Recovery Analytics, Inc 7100-000 754.71 1,145.44

Dividend paid 3.99% on $14,848.42; Claim# 8;

Filed: $14,848.42; Reference:

09/08/10 109 Navy Federal Credit Union 7100-000 592.56 552.88

Dividend paid 3.99% on $1,549.09; Claim# 9;

Filed: $1,549.09; Reference:

Capital Recovery III LLC As

Assignee of CREDIT ONE

09/08/10 110 7100-000 61.82 491.06

Dividend paid 3.99% on $2,035.05; Claim# 10;

Filed: $2,035.05; Reference:

09/08/10 111 Rockford Mercantile 7100-000 81.21 409.85

Dividend paid 3.99% on $9,415.99; Claim# 11;

Filed: $9,415.99; Reference:

09/08/10 112 U.S. Bank N.A. 7100-000 375.77 34.08

Dividend paid 3.99% on $854.03; Claim# 12;

Filed: $854.03; Reference:

Fia Card Services, NA/Bank of

America

09/08/10 113 7100-000 34.08 0.00

ACCOUNT TOTALS 4,654.97 4,654.97 $0.00

Less: Bank Transfers 4,654.97 0.00

Subtotal 0.00 4,654.97

Less: Payments to Debtors 0.00

NET Receipts / Disbursements $0.00 $4,654.97

{} Asset reference(s) Printed: 01/26/2011 10:41 AM V.12.56

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Blanket Bond:

Separate Bond:

Description of Transaction

Form 2

Cash Receipts And Disbursements Record

01/26/11

Taxpayer ID #: **-***9924

Case Number:

Bank Name:

$1,500,000.00 (per case limit)

9200-******92-66 - Checking Account

The Bank of New York Mellon

Trans.

Date

{Ref #} /

Check # Paid To / Received From

Receipts

$

Disbursements

$ Account Balance

Checking

Trustee: STEPHEN G. BALSLEY (330410)

Page: 3

09-75777

Case Name: CARLSEN, STEVE

N/A

1 2 3 4 5 6 7

Account:

Period Ending:

T-Code

Exhibit 9

4,654.97

0.00

0.00

4,654.97

0.00

0.00

Net

Receipts

Net

Disbursements

Account

Balances

MMA # 9200-******92-65

Checking # 9200-******92-66

TOTAL - ALL ACCOUNTS

$4,654.97 $4,654.97 $0.00

{} Asset reference(s) Printed: 01/26/2011 10:41 AM V.12.56

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