Losing my pets during bankruptcy?

[Epic]

I am preparing to file BK7 in the coming months. I have two pets, a 10 year old cat I rescued from a shelter as a kitten and a 5 year old Dalmatian that I paid a few hundreds dollars for. Do they even ask if I own pets? Would they be listed as an asset? If so, can they be taken from me?

[free2breathe]

You will have to list your pets on Schedule C. However, from what I have found, pets in Illinois can be exempted under the personal property wildcard. It probably won't be an issue.

[scorpion35]

I am preparing to file BK7 in the coming months. I have two pets, a 10 year old cat I rescued from a shelter as a kitten and a 5 year old Dalmatian that I paid a few hundreds dollars for. Do they even ask if I own pets? Would they be listed as an asset? If so, can they be taken from me?

i don't think the trustee wants your pets

[mrskal]

Dont even worry about it, I have 4 dogs, my lawyer said unless they are showdogs it is a non-issue. I did list them on the form I gave to my lawyer, but I never put any value on them.

[AngelinaCat]

i don't think the trustee wants your pets

No, but he/she may ask about them, in case they are show animals or breeding animals. Here in Florida, we had to list our pets, three cats--all rescued strays--and give a dollar value. Of course, they are family members, and so a priceless, but to put something in the blank, we listed $1.00. The trustee asked about them, and I answered "three cats; two American Domestic shorthairs, and one American Domestic longhair--all rescued strays". And that was that.

[tcreegan]

Hi all,

Here in Colo I did not list any pets and was never asked about it. But....I'm not in Florida....

Tom in Colo

[DaddyDavid]

You are unable to pay basic expenese, yet you have pets to feed?

[AngelinaCatHub]

Heck, we got three dropped off cats. I attempted to pay the Trustee to take them. He refused and paid me to keep them. Anyone want a cat? 'Hub

[AngelinaCatHub]

You are unable to pay basic expenese, yet you have pets to feed?

My friend, all seriousness aside. Are you kidding? Have you children? If so, why? You are in bk. You should have thought about that before your children. Perhaps you can get Social Services to take them on. You cannot afford them.

[mrskal]

You are unable to pay basic expenese, yet you have pets to feed?

Seriously?

[free2breathe]

You are unable to pay basic expenese, yet you have pets to feed?

I think the one thing that is so important on this forum is that we are NOT here to judge others. For whatever reason any of us files, it's not up to the others to point fingers or make negative remarks about our circumstances. I for one would rather see people keeping their pets and paying that expense rather than dumping their pets at the nearest shelter or worse.

[AngelinaCatHub]

It is my opinion that a 10 year old rescued cat, and an old 5 year dalmatian dog, is not a worthy asset to be concerned with.

If you have had a cat that long and a dog that long, you would feed your own food before you eat for yourself. The cat if younger would never starve, but elderly that cat is on its last leg so to speak and needs love. The dog is part of the family. It can eat scraps. I'm not sure what goes into some peoples mind before they engage their mouth or QWERTY board.

I hope that comment was a joke or just some careless off the wall mistake.

My post was obviously kidding about our three cats and yes we put them down with value of one buck. No takers. They cost us very little but give us love and pleasure. What the hell is life all about if you don't have a bit of joy and love? Just my opinion, nothing more. 'Hub

[sunflwrgrl13]

I hadn't even thought of this as a concern. Our 2 cats are pure-bred Siamese, but they aren't show quality. We only paid about $125 for them 6 1/2 years ago, but obviously they don't appreciate in value! May have to ask our attorney just to make sure.

[AngelinaCatHub]

I hadn't even thought of this as a concern. Our 2 cats are pure-bred Siamese, but they aren't show quality. We only paid about $125 for them 6 1/2 years ago, but obviously they don't appreciate in value! May have to ask our attorney just to make sure.

Unless your pet is equal to a "Secretariat" or or show animal, most are not worth anything and are used to their current owners.

From what I have seen in the past in this type of thing, it is my opinion now to drop the subject as the OP has been responded to well. I don't want to see another flame thread. Let's drop the subject that has been well addressed. My opinion. 'Hub

[rjmwx81]

Problem easily solved on schedule C. List the pet as an asset, and then, immediately following, list the multiple bottles of carpet cleaner you need to keep on hand for when the pet has "little accidents." That'll make the trustee think twice even if he DID want to take them. (Which, as has been said, he won't, unless they're show animals.)