My name is Ron Drescher. I’m an attorney practicing
bankruptcy and commercial litigation in Maryland, Delaware, Pennsylvania and Virginia, and today
I’m going to answer the question, I’m a football fan and I have public seat licenses PSLs,
do I have to list them in my bankruptcy case, and if I do can the trustee sell them? The
answer to both questions is yes. If you’ve got a public seat license that’s an asset
that you can sell at a profit for value, and that would be part of your bankruptcy case.
The good news is that it’s likely that you’ll be able to apply some of your exemptions to
keep it so that the trustee won’t take it and sell it for the benefit of your creditors.
But if you have PSLs and you go to the games and your trustee bumps into you at the stadium
he or she is going to want to know if you have a PSL and why you didn’t list it in your
schedules. So the best bet is to include it in your bankruptcy papers and exempt it or
try to convince the bankruptcy trustee that there really is insufficient equity in that
asset for the benefit of creditors and he should just abandon it. My name is Ron Drescher.
I’m an attorney practicing bankruptcy and commercial litigation. If you have a question
about an asset that you’re wondering if you need to include in your bankruptcy please
pick up the phone and call me. I would love to hear from you.