In re Raejean S. Bonham dba World Plus
Bankruptcy No. F95-00897
Unofficial Web Site
The Trustee closed the sale of the Bonham residence, settled all claims with Steve Bonham, and resolved several other issues. The Stipulation; the Application for Approval of Stipulation and the Report of Sale are posted at the Web site.
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In Re: |
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RAEJEAN BONHAM, aka JEAN BONHAM, aka |
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JEANNIE BONHAM dba WORLD PLUS |
) Bankruptcy No. F95-00897-HAR |
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Debtor. |
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_____________________________________ |
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LARRY D. COMPTON, |
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Plaintiff, |
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v. |
) Adv Proc No. 95-00897-185-HAR |
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) Bancap No. 96-4298 |
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RAEJEAN S. BONHAM, STEVE A. |
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BONHAM, ALLEN DALE CARTWRIGHT, |
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MARIA CARTWRIGHT aka MARIA |
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CAPORICCI, and JAMES T. DECKER, SR. |
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Defendants. |
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The Trustee, by and through his attorneys, Guess & Rudd, P.C., advises the court that:
1. The proposed sale of the Bonham residence to Kenneth C. Elliott, Jr. and Lori S. Elliott closed as scheduled on June 30, 1998. Attached to this Tender as Exhibit A is the Amended Final Settlement Statement, pages 1-3, showing net cash proceeds to the estate of $42,048.01. Attached as Exhibit B is the Seller’s Closing Statement Amended Final detailing disbursements made on the seller’s account. Under the series of orders leading to the sale of the property, the Trustee was authorized to proceed with sale provided that he netted not less than $65,000 before any disbursements to Steve A. Bonham. As modified by the court’s Order Approving Stipulation entered June 29, 1998, the Trustee was authorized to disburse monies amounting to $32,100 to Steve A. Bonham. Thus, the Trustee was required to net $32,900. The net proceeds, even before recovery of the unexpended escrow monies, and after correction for the prepayment required for relocation of the shop, is $37,048, well in excess of the $32,900 permitted by the court’s adjusted orders.
2. The proceeds payable to Steve A. Bonham were picked up by him on July 1, 1998. A copy of his letter acknowledging receipt of the proceeds and tendering the keys to the property is attached as Exhibit C.
3. The purchasers are in possession and control of the property. The balance of the repairs are to be completed by August 15, 1998.
4. In the course of vacating the premises, the debtor and Steve A.
Bonham removed plants placed in outside flower beds, removed
the hot tub from the deck,1
and did both of those things without prior notice to or approval by
the Trustee. The purchasers at this date do not assert a claim back
against the Trustee so, at this date, the Trustee does not intend to
pursue a claim over against the debtor and Steve A. Bonham for this
breach of their obligation to cooperate and the debtor’s breach
of her recently signed plea bargain.
5. Other court-approved disbursements have been made, as described in Exhibit B.
DATED at Fairbanks, Alaska this 24th day of July, 1998.
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GUESS & RUDD P.C. /s/James D. DeWitt |
1 The Trustee subsequently filed an errata confirming that the hot tub was properly removed.
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