When filing for a bankruptcy, you will need to list all of your assets. This doesn’t just include the bigger items like vehicles and houses, but also your day to day items like household goods, sports equipment, and even your pets. Your pets are a very important part of your family and our legal team will make sure they are protected when they put your case together.
You may be wondering why the court needs to know about your pets and it is because it helps them get a full picture of your home. It adds them as members of your family, the same as adding dependents, and gives us a better understanding of your situation.
Another important reason as to why we disclose pets would be expenses. In a bankruptcy, you will also go through your monthly expenses. Expenses such as groceries, car payments, insurance, etc. By disclosing your pets on the petition, you can include those monthly expenses that add up. The grooming, food, vet visits, etc. that are all important in showing your financial situation to the courts.
It can scare people when they sit down for the review & sign appointment with their legal team and they are suddenly asked about their pets. Some fear that they might not be able to keep their pets, but I want to ease those worries and let you know that your pets are family and they are safe in the bankruptcy.
If you considering filing for a bankruptcy and you are not sure which chapter might be the best for you, you can schedule a free consultation with one of our attorneys at www.lifebacklaw.com. Our attorneys will be able to go over their recommendations with you and assuage any fears or concerns you may have.