Core Resource Management, Inc.
Bankruptcy

Trustee's Report of Final Account and Distribution Report and Application to be Discharged.

District of Arizona (Bankruptcy), azb-2:2016-bk-06712

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UNITED STATES BANKRUPTCY COURT DISTRICT OF ARIZONA In re: CORE RESOURCE MANAGEMENT, INC. § Case No. 2:16-06712-BKM § § Debtor(s) § CHAPTER 7 TRUSTEE'S FINAL ACCOUNT AND DISTRIBUTION REPORT CERTIFICATION THAT THE ESTATE HAS BEEN FULLY ADMINISTERED AND APPLICATION TO BE DISCHARGED (TDR) DALE D ULRICH, chapter 7 trustee, submits this Final Account, Certification that the Estate has been Fully Administered and Application to be Discharged. 1) All funds on hand have been distributed in accordance with the Trustee's Final Report and, if applicable, any order of the Court modifying the Final Report. The case is 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. 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: Assets Abandoned: $21,986.81 Assets Exempt: $0.00 (without deducting any secured claims) Total Distribution to Claimants:$30,000.00 Claims Discharged Without Payment: $4,145,221.24 Total Expenses of Administration:$195,040.83 3) Total gross receipts of $ 225,040.83 (see Exhibit 1), minus funds paid to the debtor and third parties of $ 0.00 (see Exhibit 2), yielded net receipts of $225,040.83 from the liquidation of the property of the estate, which was distributed as follows: UST Form 101-7-TDR (10/1/2010) Case 2:16-bk-06712-BKM Doc 443 Filed 11/15/18 Entered 11/15/18 10:44:04 Desc Page 1 of 14 CLAIMS CLAIMS CLAIMS CLAIMS SCHEDULED ASSERTED ALLOWED PAID SECURED CLAIMS (from Exhibit 3) $12,677.11 $30,000.00 $30,000.00 $30,000.00 PRIORITY CLAIMS: CHAPTER 7 ADMIN. FEES AND CHARGES (from Exhibit 4) 0.00 98,376.72 98,376.72 98,376.72 PRIOR CHAPTER ADMIN. FEES AND CHARGES (fromExhibit 5) 0.00 250,352.39 250,352.39 96,664.11 PRIORITY UNSECURED CLAIMS (from Exhibit 6) 15,559.72 0.00 0.00 0.00 GENERAL UNSECURED CLAIMS (fromExhibit 7) 3,670,976.15 1,095,535.57 1,095,535.57 0.00 $3,699,212.98 $1,474,264.68 $1,474,264.68 $225,040.83 TOTAL DISBURSEMENTS 4) This case was originally filed under Chapter 7 on June 13, 2016. The case was pending for 19 months. 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 Exhibit 8. The cash receipts and disbursements records for each estate bank account, showing the final accounting of the receipts and disbursements of estate funds is attached as Exhibit 9. Pursuant to Fed R Bank P 5009, I hereby certify, under penalty of perjury, that the foregoing report is true and correct. Dated: 11/09/2018 By: /s/DALE D ULRICH 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. UST Form 101-7-TDR (10/1/2010) Case 2:16-bk-06712-BKM Doc 443 Filed 11/15/18 Entered 11/15/18 10:44:04 Desc Page 2 of 14 EXHIBITS TO FINAL ACCOUNT EXHIBIT 1 GROSS RECEIPTS UNIFORM $ AMOUNT DESCRIPTION TRAN. CODE 1 RECEIVED BANK ACCOUNTS 1129-000 502.26 ROYALTY INTERESTS 1123-000 66,573.86 WELLS 1110-000 154,110.00 PROPERTY IN MIDWEST CITY, OK 1210-000 2,700.00 INSURANCE REFUND 1229-000 1,154.71 TOTAL GROSS RECEIPTS $225,040.83 1 The Uniform Transaction Code is an accounting code assigned by the trustee for statistical reporting purposes. EXHIBIT 2 FUNDS PAID TO DEBTOR & THIRD PARTIES UNIFORM $ AMOUNT PAYEE DESCRIPTION TRAN. CODE PAID None TOTAL FUNDS PAID TO DEBTOR AND THIRD $0.00 PARTIES EXHIBIT 3 SECURED CLAIMS UNIFORM CLAIMS CLAIM SCHEDULED CLAIMS CLAIMS CLAIMS NO. CLAIMANT TRAN. (from Form ASSERTED ALLOWED PAID CODE 6D) NOTFILED M&M Supply Co 4110-000 3,832.77 N/A N/A 0.00 NOTFILED Electric Service Co 4110-000 8,844.34 N/A N/A 0.00 GRAND BANK 4110-000 N/A 20,000.00 20,000.00 20,000.00 GOLDMAN ADVISERS, LLC 4120-000 N/A 10,000.00 10,000.00 10,000.00 TOTAL SECURED CLAIMS $12,677.11 $30,000.00 $30,000.00 $30,000.00 UST Form 101-7-TDR (10/1/2010) Case 2:16-bk-06712-BKM Doc 443 Filed 11/15/18 Entered 11/15/18 10:44:04 Desc Page 3 of 14 EXHIBIT 4 CHAPTER 7 ADMINISTRATIVE FEES and CHARGES UNIFORM PAYEE CLAIMS CLAIMS CLAIMS CLAIMS TRAN. SCHEDULED ASSERTED ALLOWED PAID CODE Trustee Compensation - DALE D ULRICH 2100-000 N/A 14,502.04 14,502.04 14,502.04 Trustee Expenses - DALE D ULRICH 2200-000 N/A 179.38 179.38 179.38 Other - TERRY A DAKE LTD 3210-000 N/A 41,093.50 41,093.50 41,093.50 Other - FELLERS SNIDER BLANKENSHIP BAILEY 3210-600 N/A 21,514.50 21,514.50 21,514.50 & TIPPENS, P.C. Other - TERRY A DAKE LTD 3220-000 N/A 500.07 500.07 500.07 Other - FELLERS SNIDER BLANKENSHIP BAILEY 3220-610 N/A 246.46 246.46 246.46 & TIPPENS, P.C. U.S. Trustee Quarterly Fees - United 2950-000 N/A 1,627.41 1,627.41 1,627.41 States Trustee Other - INTERNATIONAL SURETIES 2300-000 N/A 125.00 125.00 125.00 Other - Rabobank, N.A. 2600-000 N/A 10.00 10.00 10.00 Other - Rabobank, N.A. 2600-000 N/A 71.14 71.14 71.14 Other - Rabobank, N.A. 2600-000 N/A 181.70 181.70 181.70 Other - Rabobank, N.A. 2600-000 N/A 209.52 209.52 209.52 Other - Rabobank, N.A. 2600-000 N/A 184.94 184.94 184.94 Other - Rabobank, N.A. 2600-000 N/A 205.72 205.72 205.72 Other - Rabobank, N.A. 2600-000 N/A 194.11 194.11 194.11 Other - Rabobank, N.A. 2600-000 N/A 189.39 189.39 189.39 Other - Rabobank, N.A. 2600-000 N/A 185.78 185.78 185.78 Clerk of the Court Costs (includes 2700-000 N/A 350.00 350.00 350.00 adversary and other filing fees) - CLERK, Auctioneer for Trustee Fees (including 3610-000 N/A 15,411.00 15,411.00 15,411.00 buyers premiums) - CUNNINGHAM & Other - Rabobank, N.A. 2600-000 N/A 160.69 160.69 160.69 Clerk of the Court Costs (includes 2700-000 N/A 350.00 350.00 350.00 adversary and other filing fees) - CLERK, Other - Rabobank, N.A. 2600-000 N/A 172.22 172.22 172.22 Other - DONNA WYATT 2500-000 N/A 30.00 30.00 30.00 Other - Rabobank, N.A. 2600-000 N/A 170.86 170.86 170.86 Other - Rabobank, N.A. 2600-000 N/A 265.86 265.86 265.86 Other - Rabobank, N.A. 2600-000 N/A 245.43 245.43 245.43 TOTAL CHAPTER 7 ADMIN. FEES N/A $98,376.72 $98,376.72 $98,376.72 AND CHARGES UST Form 101-7-TDR (10/1/2010) Case 2:16-bk-06712-BKM Doc 443 Filed 11/15/18 Entered 11/15/18 10:44:04 Desc Page 4 of 14 EXHIBIT 5 PRIOR CHAPTER ADMINISTRATIVE FEES and CHARGES UNIFORM PAYEE CLAIMS CLAIMS CLAIMS CLAIMS TRAN. SCHEDULED ASSERTED ALLOWED PAID CODE TERRY A DAKE LTD 6210-000 N/A 9,485.00 9,485.00 3,662.28 ADAM HAUF AND HAUF LAW 6210-160 N/A 21,662.00 21,662.00 8,363.96 DICKINSON WRIGHT PLLC 6210-600 N/A 156,841.00 156,841.00 60,558.22 FELLERS SNIDER BLANKENSHIP BAILEY & 6210-600 N/A 12,408.00 12,408.00 4,790.88 TIPPENS, P.C. TERRY A DAKE LTD 6220-000 N/A 151.15 151.15 58.36 ADAM HAUF AND HAUF LAW 6220-170 N/A 3,776.09 3,776.09 1,457.99 DICKINSON WRIGHT PLLC 6220-610 N/A 1,647.73 1,647.73 636.21 FELLERS SNIDER BLANKENSHIP BAILEY & 6220-610 N/A 406.22 406.22 156.85 TIPPENS, P.C. TIMOTHY H SHAFFER AND CLOTHO 6700-420 N/A 34,725.00 34,725.00 13,407.75 CORPORATE RECOVERY LLC FRONTIER WELL SERVICE, INC. 6710-000 N/A 8,446.13 8,446.13 3,261.15 TIMOTHY H SHAFFER AND CLOTHO 6710-430 N/A 804.07 804.07 310.46 CORPORATE RECOVERY, LLC TOTAL PRIOR CHAPTER ADMIN. N/A $250,352.39 $250,352.39 $96,664.11 FEES AND CHARGES EXHIBIT 6 PRIORITY UNSECURED CLAIMS UNIFORM CLAIMS CLAIMS CLAIM SCHEDULED ASSERTED CLAIMS CLAIMS NO. CLAIMANT TRAN. (from Form (from Proofs of ALLOWED PAID CODE 6E) Claim) NOTFILED Osborne County Treasurer 5200-000 633.24 N/A N/A 0.00 NOTFILED Oklahoma Tax Commission 5200-000 81.95 N/A N/A 0.00 NOTFILED Advalorm County Tax 5200-000 346.08 N/A N/A 0.00 NOTFILED Russell County Treasurer 5200-000 2,871.30 N/A N/A 0.00 NOTFILED Barton County Treasurer 5200-000 5,232.91 N/A N/A 0.00 NOTFILED Forrest Butch Freeman County 5200-000 304.43 N/A N/A 0.00 NOTFILED Montague County Tax Office 5200-000 6,089.81 N/A N/A 0.00 TOTAL PRIORITY UNSECURED $15,559.72 $0.00 $0.00 $0.00 CLAIMS UST Form 101-7-TDR (10/1/2010) Case 2:16-bk-06712-BKM Doc 443 Filed 11/15/18 Entered 11/15/18 10:44:04 Desc Page 5 of 14 EXHIBIT 7 GENERAL UNSECURED CLAIMS UNIFORM CLAIMS CLAIMS CLAIM SCHEDULED ASSERTED CLAIMS CLAIMS NO. CLAIMANT TRAN. (from Form (from Proofs of ALLOWED PAID CODE 6F) Claim) 1 Pacific Stock Transfer 7100-000 1,266.26 1,266.26 1,266.26 0.00 Company 5 M & M ACQUISTION, LLC 7100-000 N/A 3,832.77 3,832.77 0.00 6 Dale's Tank Service 7100-000 630.00 630.00 630.00 0.00 8 Wallace Acid - Frac 7100-000 N/A 7,497.46 7,497.46 0.00 13 American InfoSource LP 7100-000 N/A 277.20 277.20 0.00 14 Crush Minerals, Inc. 7100-000 3,000.00 56,250.00 56,250.00 0.00 15 Cole Hargus dba C&C Lawn 7100-000 N/A 595.00 595.00 0.00 Service 16 Crush Minerals, Inc. 7100-000 N/A 12,466.00 12,466.00 0.00 17 ADT Security Services 7100-000 971.02 960.75 960.75 0.00 18 Patriot Chemicals & 7100-000 871.95 1,826.64 1,826.64 0.00 Services, LLC. 19 Sutherland Well Service, 7100-000 N/A 9,617.00 9,617.00 0.00 Inc. 20 Sutherland Well Service, 7100-000 N/A 9,617.00 9,617.00 0.00 Inc. 21 Sutherland Well Service, 7100-000 N/A 41,045.00 41,045.00 0.00 Inc. 22 Testers Inc. dba Hailey 7100-000 9,796.32 13,196.32 13,196.32 0.00 Specialty Tools 23 Canadian Valley Electric 7100-000 1,130.18 16,921.02 16,921.02 0.00 Cooperative, Inc. 24 MANGO TRUST 7100-000 N/A 100,000.00 100,000.00 0.00 25 Keith Burgess 7100-000 N/A 13,000.00 13,000.00 0.00 26 TR Camelback Corp. 7100-000 N/A 81,420.67 81,420.67 0.00 27 DWJS, Inc. 7100-000 16,465.00 14,815.00 14,815.00 0.00 28 Now CFO 7100-000 29,741.98 30,648.00 30,648.00 0.00 29 Patricia A. Spangler 7100-000 N/A 26,750.00 26,750.00 0.00 30 Goldman Advisers, LLC. 7100-000 0.00 N/A N/A 0.00 33 LARRY WISE 7100-000 0.00 75,657.28 75,657.28 0.00 34 TWISTER OPER LLC 7100-000 N/A 56,155.63 56,155.63 0.00 35 Gregory C. Kraak 7100-000 N/A 2,500.00 2,500.00 0.00 36 OKLAHOMA CORPORATION 7100-000 N/A 178,490.16 178,490.16 0.00 COMMISSION 40 SONNY'S TANK TRUCKS INC 7100-000 1,462.19 2,962.19 2,962.19 0.00 41 SONNY'S TANK TRUCKS INC 7100-000 2,841.73 4,062.53 4,062.53 0.00 42 Testers Inc. dba Hailey 7100-000 N/A 6,196.32 6,196.32 0.00 Specialty Tools 43 MANGO TRUST 7100-000 N/A 100,000.00 100,000.00 0.00 UST Form 101-7-TDR (10/1/2010) Case 2:16-bk-06712-BKM Doc 443 Filed 11/15/18 Entered 11/15/18 10:44:04 Desc Page 6 of 14 44 Wallace Acid - Frac 7100-000 7,497.46 7,497.46 7,497.46 0.00 45 Shaji Mundattachundayil 7100-000 50,000.00 50,000.00 50,000.00 0.00 53 Mills Well Service, Inc. 7100-000 28,909.80 28,909.80 28,909.80 0.00 54 Oklahoma Pipe Sales 7100-000 32,266.31 34,030.11 34,030.11 0.00 60 Dennis Miller 7100-000 450,000.00 5,000.00 5,000.00 0.00 61 Whatley's Crane Services 7100-000 N/A 1,442.00 1,442.00 0.00 Inc. 62 James Clark 7100-000 N/A 100,000.00 100,000.00 0.00 NOTFILED Thomson Reuters 7100-000 5,524.98 N/A N/A 0.00 NOTFILED Tiger Trucks 7100-000 22,417.93 N/A N/A 0.00 NOTFILED Kris Smith 7100-000 40,000.00 N/A N/A 0.00 NOTFILED Larry's Engine Service 7100-000 1,600.00 N/A N/A 0.00 NOTFILED Kay Productions 7100-000 13,607.06 N/A N/A 0.00 NOTFILED Thomas Joseph 7100-000 5,000.00 N/A N/A 0.00 NOTFILED Submersible Pumps 7100-000 252.00 N/A N/A 0.00 NOTFILED Sub Sales and Service 7100-000 27,938.00 N/A N/A 0.00 NOTFILED Sutherland Well Services 7100-000 50,662.50 N/A N/A 0.00 NOTFILED Summit Financial Printing 7100-000 124.00 N/A N/A 0.00 NOTFILED Kay Productions 7100-000 8,921.99 N/A N/A 0.00 NOTFILED Synergistic Connections LLC 7100-000 1,500.00 N/A N/A 0.00 NOTFILED Kay Productions 7100-000 3,276.29 N/A N/A 0.00 NOTFILED Whatley's Crane Services 7100-000 2,884.00 N/A N/A 0.00 Inc. NOTFILED DirecTV 7100-000 177.29 N/A N/A 0.00 NOTFILED Fellers Snider 7100-000 6,857.05 N/A N/A 0.00 NOTFILED Diamond Production Company 7100-000 12,875.26 N/A N/A 0.00 LLC NOTFILED DirecTV 7100-000 277.20 N/A N/A 0.00 NOTFILED Issuer Direct Corpo