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Case 9:10-bk-23658-FMD Doc 54 Filed 01/16/13 Page 1 of 10

UNITED STATES BANKRUPTCY COURT

(cid:160) DISTRICT OF (cid:160)

(cid:160) DIVISION


In re:

SCHULTE, THEODORE EARL
SCHULTE, PATRICIA ELLEN

Debtor(s)

§
§
§
§
§
§

Case No. 9-10-bk-23658-FMD

TRUSTEE’S FINAL REPORT (TFR)

The undersigned trustee hereby makes this Final Report and states as follows:









1. A petition under chapter (cid:160) of the United States Bankruptcy Code was filed on

(cid:160).(cid:160) The undersigned trustee was appointed on (cid:160).


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.


4. The trustee realized gross receipts of

$ (cid:160)

Funds were disbursed in the following amounts:

(cid:160)

Payments made under an interim
disbursement
(cid:160)
Administrative expenses
(cid:160)
Bank service fees
(cid:160)
Other payments to creditors
Non-estate funds paid to 3rd Parties (cid:160)
(cid:160)
Exemptions paid to the debtor
(cid:160)
Other payments to the debtor
Leaving a balance on hand of1

$ (cid:160)

____________________

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 9:10-bk-23658-FMD Doc 54 Filed 01/16/13 Page 2 of 10

The remaining funds are available for distribution.


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 (cid:160) and the

deadline for filing governmental claims was (cid:160). 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

The trustee has received $(cid:160) as interim compensation and now requests a sum of

$(cid:160). To the extent that additional interest is earned before case closing, the maximum
compensation may increase.

$(cid:160), for a total compensation of $(cid:160)2. In addition, the trustee received
reimbursement for reasonable and necessary expenses in the amount of $(cid:160), and now requests
reimbursement for expenses of $(cid:160), for total expenses of $(cid:160)2.


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

foregoing report is true and correct.


Date:(cid:160) By:/s/DIANE L. JENSEN

Trustee




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.

____________________

2

Trustee’s Proposed Distribution (Exhibit D).

If the estate is administratively insolvent, the dollar amounts reflected in this paragraph may be higher than the amounts listed in the

UST Form 101-7-TFR (5/1/2011) (Page: 2)

Case 9:10-bk-23658-FMD Doc 54 Filed 01/16/13 Page 3 of 10

Exhibit A

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

INDIVIDUAL ESTATE PROPERTY RECORD AND REPORTASSET CASESCase No:10-23658 FMD Judge: Caryl E. DelanoSCHULTE, THEODORE EARLSCHULTE, PATRICIA ELLEN11/29/12Trustee Name:DIANE L. JENSENPage:1Case Name:For Period Ending:123456Asset Description(Scheduled and Unscheduled (u) Property)Petition/UnscheduledValuesEstimated Net Value(Value Determined by Trustee,Less Liens, Exemptions,and Other Costs)Property FormallyAbandonedOA=554(a) AbandonSale/FundsReceived bythe EstateAsset Fully Administered (FA)/Gross Value of Remaining AssetsFORM 1Date Filed (f) or Converted (c):09/30/10 (f)341(a) Meeting Date:11/10/10Claims Bar Date:02/17/11FA1. 16832 Colony Lakes Blvd., Ft. Myers209,351.000.000.00FA2. BANK ACCOUNT(s)100.000.000.00FA3. BANK ACCOUNT(s)331.520.000.00FA4. FURNITURE; HH GOODS2,500.000.000.00FA5. BOOKS, PICTURES, AND OTHER ART250.000.000.00FA6. CLOTHING100.000.000.00FA7. 2006 Ford Expedition19,375.000.000.00FA8. 1995 Nissan 200 SX1,250.000.000.00FA9. 2002 Pontiac Grand Am2,540.000.000.00FA10. JEWELRY (Amended) (u)500.000.000.00FA11. TAX REFUNDS (u)Unknown1,150.172,874.00FA12. Post-Petition Interest Deposits (u)Unknown0.000.17Gross Value of Remaining Assets$0.00TOTALS (Excluding Unknown Values)$236,297.52$1,150.17$2,874.17(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:Will file Final Report as soon as possible. April 05, 2011 (SH)1/20/11: Need part of tax refund, if any. 1/10/11: Do stip to surrender part of 2010 TR. 12/30/10: Dictated LwithKelley appraisal. O/E and Joy L.Initial Projected Date of Final Report (TFR): 03/20/12Current Projected Date of Final Report (TFR): 09/20/12Ver: 17.00bLFORM1Case 9:10-bk-23658-FMD Doc 54 Filed 01/16/13 Page 4 of 10

Exhibit B

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

ESTATE CASH RECEIPTS AND DISBURSEMENTS RECORDCase No:10-23658 -FMDSCHULTE, THEODORE EARLSCHULTE, PATRICIA ELLEN*******3593Trustee Name:DIANE L. JENSENBank of Kansas CityPage:1Case Name:Taxpayer ID No:Bank Name:11/29/12For Period Ending:Account Number / CD #:124567TransactionDateCheck orReferenceDescription Of TransactionDeposits ($)Disbursements ($)3Paid To / Received FromAccount / CDBalance ($)p$ 750,000.00Blanket Bond (per case limit):Separate Bond (if applicable):*******5468 Checking AccountUniformTran. CodeBALANCE FORWARD0.0006/13/12Trsf In From Bank of AmericaINITIAL WIRE TRANSFER IN969.10969.109999-00008/14/12Bank of Kansas CityBANK SERVICE FEE1.11967.992600-00009/17/12Bank of Kansas CityBANK SERVICE FEE1.11966.882600-00010/15/12Bank of Kansas CityBANK SERVICE FEE1.07965.812600-000969.10COLUMN TOTALSLess: Bank Transfers/CD'sSubtotalLess: Payments to DebtorsNet3.29965.81969.100.000.003.290.003.290.00Page Subtotals969.103.29Ver: 17.00bLFORM24Case 9:10-bk-23658-FMD Doc 54 Filed 01/16/13 Page 5 of 10

Exhibit B

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

ESTATE CASH RECEIPTS AND DISBURSEMENTS RECORDCase No:10-23658 -FMDSCHULTE, THEODORE EARLSCHULTE, PATRICIA ELLEN*******3593Trustee Name:DIANE L. JENSENBank of AmericaPage:2Case Name:Taxpayer ID No:Bank Name:11/29/12For Period Ending:Account Number / CD #:124567TransactionDateCheck orReferenceDescription Of TransactionDeposits ($)Disbursements ($)3Paid To / Received FromAccount / CDBalance ($)p$ 750,000.00Blanket Bond (per case limit):Separate Bond (if applicable):*******3206 Money Market Account (Interest EarnUniformTran. CodeBALANCE FORWARD0.0002/10/11US TREASURY #2221-9693356611REPURCHASE2,874.002,874.001224-00002/28/11Bank of America12Interest Rate 0.0100.012,874.011270-00003/16/11READ & KELLEY ESTATE SERVICESATTN: JOY AUGUSTINEP. O. Box 3111North Fort Myers, FL 33918000101APPRAISAL FEEper order 1/19/11invoice 7353171.002,703.013711-00003/31/11Bank of America12Interest Rate 0.0100.022,703.031270-00004/05/11THEODORE EARL SCHULTE andPATRICIA ELLEN SCHULTE16832 COLONY LAKES BLVDFT MYERS, FL 33908000102exempt portion of tax refundper1,723.83979.208500-00204/29/11Bank of America12Interest Rate 0.0100.01979.211270-00005/31/11Bank of America12Interest Rate 0.0100.01979.221270-00006/30/11Bank of America12Interest Rate 0.0100.01979.231270-00007/29/11Bank of America12Interest Rate 0.0100.01979.241270-00008/31/11Bank of America12Interest Rate 0.0100.01979.251270-00009/30/11Bank of America12Interest Rate 0.0100.01979.261270-00010/31/11Bank of America12Interest Rate 0.0100.01979.271270-00010/31/11Bank of AmericaBANK SERVICE FEE1.25978.022600-00011/30/11Bank of America12Interest Rate 0.0100.01978.031270-00011/30/11Bank of AmericaBANK SERVICE FEE1.21976.822600-00012/30/11Bank of America12Interest Rate 0.0100.01976.831270-00012/30/11Bank of AmericaBANK SERVICE FEE1.20975.632600-00001/31/12Bank of America12Interest Rate 0.0100.01975.641270-00001/31/12Bank of AmericaBANK SERVICE FEE1.28974.362600-00002/29/12Bank of America12Interest Rate 0.0100.01974.371270-00002/29/12Bank of AmericaBANK SERVICE FEE1.16973.212600-00003/30/12Bank of America12Interest Rate 0.0100.01973.221270-000Page Subtotals2,874.151,900.93Ver: 17.00bLFORM24Case 9:10-bk-23658-FMD Doc 54 Filed 01/16/13 Page 6 of 10

Exhibit B

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

ESTATE CASH RECEIPTS AND DISBURSEMENTS RECORDCase No:10-23658 -FMDSCHULTE, THEODORE EARLSCHULTE, PATRICIA ELLEN*******3593Trustee Name:DIANE L. JENSENBank of AmericaPage:3Case Name:Taxpayer ID No:Bank Name:11/29/12For Period Ending:Account Number / CD #:124567TransactionDateCheck orReferenceDescription Of TransactionDeposits ($)Disbursements ($)3Paid To / Received FromAccount / CDBalance ($)p$ 750,000.00Blanket Bond (per case limit):Separate Bond (if applicable):*******3206 Money Market Account (Interest EarnUniformTran. Code03/30/12Bank of AmericaBANK SERVICE FEE1.20972.022600-00004/30/12Bank of America12INTEREST REC'D FROM BANK0.01972.031270-00004/30/12Bank of AmericaBANK SERVICE FEE1.23970.802600-00005/31/12Bank of America12Interest Rate 0.0100.01970.811270-00005/31/12Bank of AmericaBANK SERVICE FEE1.23969.582600-00006/13/12Bank of America901 Main Street10th FloorDallas, TX 75283BANK FEES0.48969.102600-00006/13/12Trsf To Bank of Kansas CityFINAL TRANSFER969.100.009999-0002,874.17COLUMN TOTALSLess: Bank Transfers/CD'sSubtotalLess: Payments to DebtorsNet2,874.170.000.00969.102,874.171,905.072,874.17181.241,723.83Checking Account - ********5468Money Market Account (Interest Earn - ********32060.002,874.17------------------------2,874.17==============(Excludes AccountTransfers)3.29181.24------------------------184.53==============(Excludes PaymentsTo Debtors)965.810.00------------------------965.81==============Total FundsOn HandTOTAL - ALL ACCOUNTSNET DEPOSITSNETDISBURSEMENTSACCOUNTBALANCEPage Subtotals0.02973.24Ver: 17.00bLFORM24Case 9:10-bk-23658-FMD Doc 54 Filed 01/16/13 Page 7 of 10

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

Date: November 29, 2012Page 1Case Number:10-23658SCHULTE, THEODORE EARLDebtor Name:Code #ANALYSIS OF CLAIMS REGISTERCreditor Name & AddressNotesAmount AllowedPaid to DateClaim BalanceClaim Type SequenceClaim ClassEXHIBIT A7100-00$0.00$9,247.980701-1Unsecured$9,247.98Discover BankDfs Services LLCPO Box 3025New Albany, OH 43054-30257100-00$0.00$6,296.010702-1Unsecured$6,296.01Chase Bank USA, N.A.PO Box 15145Wilmington, DE 19850-51457100-00$0.00$2,459.230703-1Unsecured$2,459.23Chase Bank USA, N.A.PO Box 15145Wilmington, DE 19850-51457100-00$0.00$13,768.840704-1Unsecured$13,768.84PYOD LLC its successors and assignsas assignee ofCitibank, NAc/o Resurgent Capital ServicesPO Box 19008Greenville, SC 29602-7100-00$0.00$0.000705-1No docsUnsecured$0.00Real Time Resolutions, Inc.1750 Regal Row Suite 120PO Box 36655Dallas Texas 752357100-00$0.00$2,217.000706-1Unsecured$2,217.00HSBC Bank Nevada, N.A.Bass & Associates, P.C.3936 E. Ft. Lowell Rd, Suite 200Tucson, AZ 85712$0.00$33,989.06$33,989.06Subtotal For Claim Type 7100-00 General Unsecured 726(a)(2)$0.00$33,989.06$33,989.06Case Totals:Code #: Trustee's Claim Number, Priority Code, Claim TypePrinted: 11/29/12 11:04 AMVer: 17.00bCREGISTRCase 9:10-bk-23658-FMD Doc 54 Filed 01/16/13 Page 8 of 10



TRUSTEE’S PROPOSED DISTRIBUTION


Case No.: 9-10-bk-23658-FMD
Case Name: SCHULTE, THEODORE EARL
SCHULTE, PATRICIA ELLEN

Trustee Name: DIANE L. JENSEN
Balance on hand

Exhibit D

$

(cid:160)

Claims of secured creditors will be paid as follows:

NONE

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

Reason/Applicant

Total Requested

Interim Payments
to Date

Proposed
Payment

Trustee Fees: DIANE L. JENSEN

$ (cid:160) $

(cid:160) $ (cid:160)

Trustee Expenses: DIANE L. JENSEN
Attorney for Trustee Fees: DIANE L.
JENSEN

$

(cid:160) $

(cid:160) $

(cid:160)

$ (cid:160) $

(cid:160) $ (cid:160)

Total to be paid for chapter 7 administrative expenses

Remaining Balance

$

$

(cid:160)

(cid:160)

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 $(cid:160) must be paid in advance of any dividend to general (unsecured) creditors.


Allowed priority claims are:

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

Case 9:10-bk-23658-FMD Doc 54 Filed 01/16/13 Page 9 of 10

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 $(cid:160) 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 (cid:160) 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











Discover Bank

$ (cid:160) $

(cid:160) $ (cid:160)

Chase Bank USA, N.A.

$ (cid:160) $

(cid:160) $ (cid:160)

Chase Bank USA, N.A.
PYOD LLC its successors
and assigns as assignee of

$ (cid:160) $

(cid:160) $ (cid:160)

$ (cid:160) $

(cid:160) $ (cid:160)

HSBC Bank Nevada, N.A. $ (cid:160) $

(cid:160) $ (cid:160)

Total to be paid to timely general unsecured creditors

Remaining Balance

$

$

(cid:160)

(cid:160)

1-1

2-1

3-1

4-1

6-1



Tardily filed claims of general (unsecured) creditors totaling $(cid:160) 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 (cid:160) percent.


Tardily filed general (unsecured) claims are as follows:

NONE

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

Case 9:10-bk-23658-FMD Doc 54 Filed 01/16/13 Page 10 of 10

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

subordinated by the Court totaling $(cid:160) 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 (cid:160) 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: 10)