Texas Northern Bankruptcy Court

Order approving chapter 7 trustee report and discharging trustee. Entered on 8/25/2020 (Hyden, Kara)

The Chapter 7 Trustee is Discharged and the Bankruptcy case is closed Pursuant to LBR 9070-1, any exhibits that were admitted by the Court may be claimed and removed from the Clerks Office during the 60-day period following final disposition of a case by the attorney or party who introduced the exhibits. Any exhibit not removed within the 60-day period may be destroyed or otherwise disposed of by the Bankruptcy Clerk. (Hyden, Kara)

Chapter 7 Trustee's Report of No Distribution: I, Diane G. Reed, having been appointed trustee in the estate of the above-named debtor(s) report I collected funds totaling Funds Collected: $ 73337.20. After making diligent inquiry into the financial affairs of the debtor(s) and the location of the property belonging to the estate, I have determined that there are insufficient assets to administer. All funds have been returned to the debtor(s) or distributed in accordance with previously entered court order(s). All bank statements and canceled checks, if any, have been submitted to the United States Trustee. The bank statements reflect a final zero balance and no other funds or assets of the estate remain in my custody. Pursuant to Fed R Bank P 5009, I hereby certify that the estate of the above-named debtor(s) has been fully administered and all assets and funds which have come under the trustee's control in this case have been properly accounted for as provided by law. A Final Report and Account of Assets will not be filed. The trustee requests discharged from further duties and after the trustee is discharged the case may be closed. Meeting held and concluded. Key information about this case as reported in schedules filed by the debtor(s) or otherwise found in the case record: This case was pending for 36 months. Assets Abandoned: $ 81891.73, Assets Exempt: Not Available, Claims Scheduled:$ 1482630.96, Claims Asserted: Not Applicable, Claims scheduled to be discharged without payment:$ 1482630.96 (Rielly, Bill)

Trustee's interim report for the period ending: 4/21/20. Projected date of filing final report: 5/29/20 This case is ready to close. Distributions have been made pursuant to Court Order dated December 2, 2019. One check remains outstanding. Once that check clears the bank, Trustees Final Report will be forward to the UST. (Reed, Diane)

(2 pgs) Order granting motion for leave (related document # 117) Entered on 12/3/2019. (Whitaker, Sheniqua)

(1 pg) Certificate of No Objection filed by Trustee Diane G. Reed (RE: related document(s) 117 Motion for leave for recovery of fees and expenses pursuant to 11 U.S.C. § 506(c) and to authorize disbursement of remaining sale proceeds (unopposed)). (Elmquist, David)

(8 pgs) Motion for leave for recovery of fees and expenses pursuant to 11 U.S.C. § 506(c) and to authorize disbursement of remaining sale proceeds (unopposed) Filed by Trustee Diane G. Reed Objections due by 11/20/2019. (Elmquist, David)

(3 pgs) Trustee's interim report for the period ending: 10/1/2019. Projected date of filing final report: 1/31/2020 This case is almost ready to close. There are a couple of tax claims that need to be resolved. Once that is done, the Trustee will file a motion to approve a distribution of funds. (Reed, Diane)

(3 pgs) Trustee's interim report for the period ending: 6/30/2019. Projected date of filing final report: 8/31/2019 The trustee is holding $72,170.24 in this case. This case was commenced by the filing of a voluntary Chapter 11 petition on January 5, 2017. The case was converted to a case under Chapter 7 on August 3, 2017. The 341 meeting in the case was held on November 7, 2017. The trustee, through counsel and through the trustee's accounting firm, has investigated potential avoidable transfers. Preliminarily the trustee believed that there were one or more preference actions that would be filed. Upon further review and analyses, it was determined that it is not cost effective to pursue these claims. The funds being held by the trustee are subject to the secured claims of several taxing authorities and security interests held by Bank United. The trustee intends to disburse the funds in its account to the various taxing authorities to pay their claims in full and to remit the balance to Bank United, less a $2,500.00 surcharge for the trustee's costs and expenses in this case. Therefore, once the necessary claims work is completed, the trustee will proceed to close this case. (Reed, Diane)

(3 pgs) Trustee's interim report for the period ending: 2/27/19. Projected date of filing final report: 4/30/2019 The trustee is holding $72,170.24 in this case. This case was commenced by the filing of a voluntary Chapter 11 petition on January 5, 2017. The case was converted to a case under Chapter 7 on August 3, 2017. The 341 meeting in the case was held on November 7, 2017. The trustee, through counsel and through the trustee's accounting firm, has investigated potential avoidable transfers. Preliminarily, the trustee believed that there were one or more preference actions that would be filed. Upon further review and analyses, it was determined that it is not cost effective to pursue these claims. The funds being held by the trustee are subject to the secured claims of several taxing authorities and security interests held by Bank United. The trustee intends to disburse the funds in its account to the various taxing authorities to pay their claims in full and to remit the balance to Bank United, less a $2,500.00 surcharge for the trustee's cost and expenses in this case. Therefore, once the necessary claims work is completed the trustee will proceed to close this case (Reed, Diane)