# U.S. Trustee seeks to liquidate Jade Presents bankruptcy

> Federal officials want to strip the ticket company of control and hand its case to an independent trustee.
- Title: U.S. Trustee seeks to liquidate Jade Presents bankruptcy
- Summary: Federal officials want to strip the ticket company of control and hand its case to an independent trustee. The U.S. Trustee's Office is pushing to convert…
- Keywords: jade presents, tickets300, bankruptcy, chapter 7 liquidation, u.s. trustee, fargo, north dakota, financial records, creditors, ticket holders, news, local
- Source: Valleynewslive — https://valleynewslive.com/2026/09/17/us-trustee-seeks-convert-jade-presents-bankruptcy-chapter-7-liquidation
- Published: 2026-09-17T20:48:19.33+00:00
- Read time: 1 min
- Topics: jade presents, tickets300, bankruptcy, chapter 7 liquidation, u.s. trustee, fargo, north dakota, financial records, creditors, ticket holders, news, local
## Trustee seeks to take control
The U.S. Trustee's Office filed a motion Thursday to convert Jade Presents' bankruptcy to Chapter 7 liquidation, which would strip the company of control and hand oversight to an independent trustee.
## Missing financial records since July
Jade Presents and Tickets300 have repeatedly failed to provide financial records requested by the U.S. Trustee's Office since July, including 12 months of bank statements and insider payment details.
## Companies acknowledged outdated records
During a July meeting, the companies' representatives acknowledged their financial records hadn't been updated since May 2025 and asked for 45 days to fix them. Two months later, most documents still haven't been provided.
## Liquidation plan at stake
The two companies filed a joint liquidation plan on September 4 projecting a lump-sum payment to creditors and ticket holders by July 1, 2028. Converting to Chapter 7 would put that plan in an independent trustee's hands.
## Trustee would oversee lawsuits
An independent trustee would take over lawsuits Jade Presents filed against merchant cash advance companies it accuses of contributing to its collapse, and review all insider payments.
## Court decision due by October 8
A response to the motion is due in court by October 8. If no response is filed, the court may grant the motion without a hearing. The companies are not operating and have no funds to pay the current bankruptcy trustee.
## Key takeaway

The U.S. Trustee's Office is pushing to convert Jade Presents' bankruptcy to Chapter 7 liquidation because the company has repeatedly failed to provide financial records since July.