i was having lot of financial trouble lately because for many months I could not find any job despite trying very hard. I graduated from college last year in may 2008 with bachelor of science in math. However being out of work for over I could no longer keep up with credit card debt.
I was not even able to find any $8 an hour position. i was badly out of luck this time. I filed bankruptcy protection last week because i had about $40,000 credit card debt which was largely the result of having no health insurance and being diagnosed with a gastro-intestinal sickness that has no cure.
The bankruptcy lawyer said that i have to list all my assets and some of them maybe taken by creditors. He said the dog may also be considered an asset if it has a market value.
So i want to know if i will lose my 2 year old male sheepdog mix because of bankruptcy.
Unless your sheepdog mix is trained to work in some way, he has the value of a comparable mix at your closest animal shelter… in my area, that would be about $75. It's unlikely they'll require you to sell your dog.
In the case of many show breeders who have dogs that are sale-able at higher prices… bankruptcy court can require them to sell the dogs *IF* they can prove they have value and can be sold. In a friend of mine's case, she successfully argued that the dogs were worth more if she kept them (for breeding) than if she sold them.
