College Football Tickets are Property of the Estate which Trustee May Sell for Benefit of Creditors

College Football Tickets are Property of the Estate which Trustee May Sell for Benefit of Creditors

A Chapter 7 Trustee in a town with a major college football program filed an emergency Motion to Sell Debtor’s college football tickets prior to the September 2, 2017 start of the team’s season. She alleged that she was searching for a buyer for the season tickets. She stated that after online research, she has determined that the tickets are worth at least $2,000. The Trustee averred that she already had a prospective buyer. Finally, she alleged that it would be in the best interest of the creditors and of the estate if the Trustee were allowed to sell the property for an amount no less than $2,000.00.

The Debtor was represented by a pro bono attorney, who pointed out that the Debtor had access to the tickets as an employee of the university and that he had used money he receive from his Earned Income Tax Credit to purchase the tickets.

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