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My husband would gladly offer up our 3 poodles to the trustee.
Not that the trustee would want them, considering how high maintenance they are (reference one of my other posts about the vet clinic getting most of our $4000 tax refund last year).
We have a vet wellness plan for our dogs that pays for their shots, teeth-cleaning, bloodwork, etc. and costs a total of $90/mo., which definitely pays for itself considering the medical problems our dogs have. They also have to eat prescription dog food for their diseases, so we put down a value of $50 each on them to cover the wellness plan and food.
Filed Ch. 7: 10-28-2010Report of No Distribution: 12-16-2010Disharged and Closed 2-18-1011
I could just see it now, the trustee takes your dogs, the 4 in my case. Here is what he gets to deal with.......the constantly whining 11 year old, the yappy 2 year old, the OCD 4 yr old (with seperation anxiety) and the 6 year old Queen B$#^CH! Good luck with that Mr. Trustee.
Good point Stormy, and I will add, I will never in my lifetime spend on my 4 dogs what I have spent on one daughter! My dad thinks I am crazy having 4 dogs, but I always tell him "cheaper than 4 kids" ;)
Interesting. My attorney never even asked about pets, and I didn't think to list them as assets. We have 2 dogs and 3 cats, all rescued and almost all >10 years old. Definitely more of an expense than an asset.
However, a few months before we filed we had 42 chickens, which we had to rehome. We were getting about 20 eggs/day -- that might have been considered an asset! Hmmm...I wonder if I could have paid my attorney in eggs? But seriously, I think the chickens would have fallen into the livestock category, not pets.
DH laid off 3/08 | Last mortgage payment 12/09 | Filed Ch13 5/10 | Converted to Ch7 7/10 | 341 held 8/10 | AP filed by secured creditor 10/10 | Ch7 discharged & closed 11/10 | Foreclosure 10/2011
However, a few months before we filed we had 42 chickens, which we had to rehome. We were getting about 20 eggs/day -- that might have been considered an asset! Hmmm...I wonder if I could have paid my attorney in eggs? But seriously, I think the chickens would have fallen into the livestock category, not pets.
Funny you should say this We had 6 (are now down to 3) and ours were counted as pets and not livestock because a chicken isnt considered livestock for some reason here. Odd. However we were asked if we could sell the eggs / had we sold eggs in the past, and if it could generate any additional monies. We stated that we did not keep chickens to sell eggs, we used them for our family and gave to our neighbors / church. Thought it was funny our lawyer asked if we could get any $ for the eggs and when we asked why, he stated because the trustee will ask. LOL
I have 3 dogs and 3 cats. No one ever asked about them and even if they did I would NEVER give them to anyone. They are part of my family and will stay that way until they pass. Pets are not assests unless they are for show and you use them to make money.
Funny you should say this We had 6 (are now down to 3) and ours were counted as pets and not livestock because a chicken isnt considered livestock for some reason here. Odd. However we were asked if we could sell the eggs / had we sold eggs in the past, and if it could generate any additional monies. We stated that we did not keep chickens to sell eggs, we used them for our family and gave to our neighbors / church. Thought it was funny our lawyer asked if we could get any $ for the eggs and when we asked why, he stated because the trustee will ask. LOL
Funny trustee...
Laws vary from state to state - in some places chickens are considered "poultry" which is distinct from livestock. I think numbers matter too -- if you have a little backyard flock of six, they're more like pets, but if you have a production henhouse with 30,000 birds it's totally different.
We gave most of our extra eggs to the local women's shelter, and their cook was incredibly thankful. They saved the cartons for us to recycle and sometimes left little handwritten thankyou notes from the kids inside. We were both really sad about giving them up when we moved.
DH laid off 3/08 | Last mortgage payment 12/09 | Filed Ch13 5/10 | Converted to Ch7 7/10 | 341 held 8/10 | AP filed by secured creditor 10/10 | Ch7 discharged & closed 11/10 | Foreclosure 10/2011
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