Today the mortgage crisis has created another victim – the family pet. As more families are losing their homes to foreclosure, more pets were abandoned or left at animal shelters. USA Today reports that some pet owners are leaving pets in empty houses and garages with some food and water. Unfortunately, these animals are not found for days or weeks and are dead or dying.

Before you decide to walk away from a home and turn back on your family pet, consider first how bankruptcy can help your financial situation. There are options to keep your home in bankruptcy by filing a Chapter 13 and paying the arrears over times, stripping away an unsecured second or third mortgage or buying time to qualify under a home loan modification program.

You do not have to give up your pet when you file bankruptcy. The Court does recognize pets as more than property and reasonable pet care expense is allowed as a monthly expense.

If you are facing foreclosure please contact Miller and Miller for help!