February 18, 2020;
Objection And Request For Hearing;
Full Spectrum Management, LLC
Was it “fair and equitable”, as Mark Noss claimed in his February 19, 2019 Full Spectrum Management, LLC Chapter 7 bankruptcy petition, that he had not made certain “payments and transfers” to creditors within 90 days before filing his case?
In my opinion, it was not.
But Noss had done it anyway—effectively committing bankruptcy fraud.
On December 12, 2018—75 days before he filed a Chapter 7 bankruptcy petition for his shell corporation Full Spectrum Management, LLC, (within the 90 day look-back period preceding the bankruptcy)—Mark Noss registered the December 6, 2018 pay-off of a $85,000 mortgage held by Huntington Bank on a building he owns at 110 Michigan Avenue in downtown Grayling, Michigan.
Yesterday, an attorney representing three “unsecured creditors” in the Full Spectrum Management bankruptcy case, Mark D. Noss, Mark D. Noss, O.D., LLC and MDN Development, LLC, filed an objection and request for a hearing relating to the January 22, 2020 Settlement Agreement struck between Independent Bank and the U.S. Bankruptcy Court Trustee to recover roughly $800,000 Noss owes the bank.
Claiming the agreement was “not fair and equitable and not in the best interests of the estate”, the motion requests a hearing date be scheduled.
More on this as it develops.