It was good enough for Steve Bannon...but not for Mark Noss?
If I'd been drinking a glass of 7UP when I read the “motion to adjourn” filed yesterday, I'd still be cleaning my computer's sticky keyboard!
An evidentiary hearing in the Full Spectrum Management, LLC Chapter 7 bankruptcy case (starring former Grand Traverse Academy board president/disgraced management honcho) Mark Noss is currently scheduled for August 26, 2020 at 10:00 a.m.
However, yesterday, August 19, attorneys representing Noss filed a motion requesting a delay, claiming “it is and has been the position of the Movants that this hearing cannot be adequately and competently performed by a video process. Witness credibility is the essential element of the hearing. Personal observation of responses to questions by the witnesses cannot be duplicated by technical means. In addition, there are numerous potential exhibits that will be introduced and handling of these exhibits is significantly complicated under video processes.”
On January 27, 2020, Kelly M. Hagan, the Chapter 7 Trustee in the Full Spectrum Management case, filed a Motion for Approval of Compromise, seeking approval of a proposed settlement with Independent Bank.
Noss filed an objection to the settlement on March 9, 2020, over one year after filing a Chapter 7 bankruptcy petition for his defunct Full Spectrum Management, seeking primarily to get out from under nearly $800,000 still owed to Indepdendent Bank.
A hangover of the Grand Traverse Academy's Steven Ingersoll regime, the massive debt reflects the deal Noss made in 2014 with Ingersoll (and Traverse City State Bank's Dan Stahl) to personally assume repayment of Ingersoll's delinquent $989,825 line of credit debt.
During a June 4, 2020 status conference regarding the Trustee’s motion, Kevin M. Smith, Esq. attorney for the Trustee, Sandra S. Hamilton, attorney for Independent Bank, and Wallace H. Tuttle, Esq., attorney for the Objecting Creditors, appeared at the status conference by telephone.
At the conclusion of the status conference, the court determined to schedule an evidentiary hearing on the Motion for Approval of Compromise.
Attorneys representing Noss filed a witness list on August 18, 2020, including:
Noss
Trustee Kelly M. Hagan
Any witnesses listed on the Trustee's witness list
Unidentified rebuttal witnesses
But, two days later, they hit the brakes, skittering back to court and seeking to delay the hearing.
So who's this witness with the dysfunctional Zoom performance anxiety?
Could it be this guy?
