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Wednesday, March 20, 2019

FULL SPECTRUM MANAGEMENT, LLC CREDITORS MEETING SET: Mark Noss To Face Creditors He Stiffed On April 2

First meeting of creditors delayed to allow more time for Noss to submit required documentation to Full Spectrum's Bankruptcy Trustee; Noss to answer questions under oath by Trustee and creditors.
 
Mark Noss, former managing director of Full Spectrum Management, LLC, and Steven Ingersoll's longtime partner-in-crime, is set to face his creditors and Trustee during a meeting at 9:00am on April 2, 2019.

The Chapter 7 meeting of creditors (also called the 341 hearing) is a meeting at which the bankruptcy trustee and creditors get to ask questions under oath about the bankruptcy petition and the documents required to provide to the trustee. 

In a Chapter 7 bankruptcy, creditors have 60 days after the 341 meeting to file a complaint, also known as an adversary proceeding. This is essentially a lawsuit within a bankruptcy case. A complaint can also be filed by the trustee, spouse or anyone with claims against the debtor or his assets. 

Noss/Full Spectrum owes $766,925 to Independent Bank from the original $989,825 line of credit debt payment Noss assumed from convicted felon Steven Ingersoll prior to striking a deal to management the Grand Traverse Academy. 

Although the charter school's board later insisted in 2017 statement it “did not know and was not advised of the private understanding between Ingersoll and Noss concerning this loan”, that claim was previously refuted by a series of contemporaneous emails from 2014, including the one reproduced below. In the March 18, 2014 email, Noss lays out the plan to the board and officials at Lake Superior State University.



The following information, taken directly from the February 19, 2019 Chapter 7 bankruptcy filing, shows the secured and unsecured creditors with claims against Full Spectrum Management, LLC.





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