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FORM 1

INDIVIDUAL ESTATE PROPERTY RECORD AND REPORT

ASSET CASES



Case No.: 96-75484 Trustee Name: Jenny Ward

Case Name: Sam Martin d/b/a Martin Cards Date Filed (f) or Converted (c): 11/20/96(f)

For Period Ending: 6/30/97 (2 nd reporting period for this case) ァ341(a) Meeting Date: 12/20/96

Claims Bar Date: 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=ァ554(a) abandon.

DA=ァ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 vanNote 1,2

Office equipment Note 1,2

Ocean View rent receivable

55 Lake Dr./ ï½½ int. homestead

1993 Ford truck

ABC preference action Note 3

Addit'l Ocean View rents (u)

Personal Injury Suit (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)

118,325


156,310
Gross Value of Remaining Assets

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); Collect remaining accounts receivable.

Have sent demand letter for delinquent payments. Payment is forthcoming. Settle preference action and adversary concerning fraudulent conveyance

Meeting with special counsel on 8/2/97 concerning PI suit/target trial date: 1/98. 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

Updated May 7, 2015

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