1Point Solutions & Barry Stokes Meeting of Creditors - 11/15/06

The meeting of creditors in the 1Point and Barry Stokes Chapter 11 cases were held Wednesday afternoon, November 15th, at the Customs House in Nashville. Mr. Stokes is currently being held in the Metropolitan Nashville Criminal Justice Center without bond pending trial on federal charges alleging theft from ERISA approved retirement, medical programs and flexible spending accounts. He was brought in his prison uniform to the Bankruptcy Court for the hearing by the U.S. Marshal Service.

The hearing was well attended by attorneys and a few laypersons. Mr. Stokes was questioned as President of 1Point and individually. With the exception of stating his name when asked, he elected to invoke the provilege provided by the Fifth Amendment to the U.S. Constitution and not answer any other questions. When it became apparent he was not going to answer questions, he was returned to the jail. he was not allowed to stay until the conclusion of the hearing.

The bankruptcy schedules which had been prepared by the Trustee's office were thoroughly reviewed during the course of the two-hour meeting. The hearing was digitally recorded. A CD of the hearing is available from the U.S. Trustee's Office in Nashville. If you would like to have one, they are free. You may request a CD by emailing angela.greer@usdoj.gov or sending a FAX to Angela at 615.736.2260. If you want the CD mailed to you, make certain you include your return address.