COMES NOW, Eric W. Lam, Chapter 7 Trustee, and hereby respectfully submits the following status report:
||The Trustee believes that all assets have been duly administered.
||Likewise, the Trustee believes that all lawsuits and litigation claims in which the Trustee and the estate have an interest have been resolved. There may be continuing disputes between and among creditors and/or third parties, but neither the Trustee nor the estate has any direct interests in those continuing disputes.
||During the week of May 3, 2004, with the assistance and
counsel of Bruce Wiley of the firm of Willey, O'Brien & Hanrahan,
L.C., the Trustee filed the estate's final Federal and
State tax returns, and also sought a 60-day audit clearance
from the revenue agencies.
||Assuming the revenue agencies concur with the Trustees final tax returns, the audit clearance should be obtained by the first full week in July 2004.
||The Trustee then reasonably anticipates a Trustee Final Report can be tendered to the Office of the United States Trustee for audit and approval by no later than August 1, 2004, and then upon approval by the Office of the United States Trustee, the Trustee Final Report can then be formally filed with the Clerk, and notice and objection bar date can then be issued. Upon expiration of the bar date and/or resolution of any objection, the Trustee Final Report can then be submitted to this Court for approval.