| Case No.: Case Name: For Period Ending: |
96-75484 Sam Martin d/b/a Martin Cards 6/30/97 (2nd reporting period for this case) |
|
Trustee Name: Date Filed (f) or Converted(c): §341(a) Meeting Date: Claims Bar Date: |
Jenny Ward 11/20/96(f) 12/20/96 3/20/97 |
| 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 |
| Ref. # 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 |
Checking account 123 Ocean View - rental prop. Accounts receivable Note 1 Household goods Artwork 1994 Chevy van Note 1,2 Office equipment Note 1,2 Ocean View rent receivable 55 Lake Dr./1/2 int. homestead 1993 Fort truck ABC preference action Note 3 Addit'l Ocean View rents (u) Personal Injury Suite (u) Fraudulent conv. to sister (u) Interest earned (u) |
500 100,000 30,000 2,000 10,000 5,000 5,000 500 37,500 8,000 Unknown Unknown Unknown 20,000 Unknown |
500 63,000 -0- -0- 12,500 6,100 3,600 500 7,125 -0- 5,000 N/A Unknown 20,000 N/A |
DA OA |
500 90,000 5,000 1,000 8,000 500 50,000 1,000 310 |
FA FA 4,000 FA 14,000 FA FA FA FA FA 2,000 FA Unknown 20,000 Unknown |
| TOTALS (Excluding unknown values) | Gross Value of Remaining Assets |
| 118,325 ==================== |
156,310 ============== |
40,000 =============================== (Total Dollar Amount in Column 6) |
| Note 1: $10,000 National Bank lien encumbers assets 3, 6, and 7. Note 2: Assets #6 and #7 were sold together in bulk sale. |
Note 3: Settlement negotiations are pending. Current value estimated at $2,000. |
| Major activities affecting case closing:
Portion of artwork sold to debtor for $5,000 (payable $1,000 mo.,due 4/1/97 - 8/1/97); Have sent demand letter for delinquent payments. Payment is forthcoming. Meeting with special counsel on 8/2/97 concerning PI suit/target trial date: 1/98. |
Collect remaining accounts receivable. Settle preference action and adversary concerning fraudulent conveyance Public auction of remaining artwork set for 8/15/97 |
| Initial Projected Date of Final Report (TFR): December 15, 1997 | Current Projected Date of Final Report (TFR): June 30, 1998 |
Handbook for Chapter 7 Trustees
Effective 10/1/98
Page Last Updated on March 19, 1999.
United States Trustee Program/Department of Justice
usdoj-eoust/msd/vdp