Sorry for the delay.
As a general proposition, I have never observed anyone attempting to use a bankruptcy exemption for a pet, or even the scheduling of a pet on a bankruptcy petition
. The reason is simply that the bankruptcy trustee
is not a pet store, and he/she is not going to seize a companion animal and sell it, unless we are talking about a pet that has won Best in Show at the Westminster Dog Show.
That said, if you were going to use an exemption, then the first issue is whether or not you have chosen the federal or state exemptions for your bankruptcy.
If the state exemptions are used, then there is no applicable exemption that could apply to a companion pet. If the federal exemptions are used, then Bankr. Code
522(d)(5) is the "wildcard" exemption, and it can be used for any purpose, up to $1,550, plus up to $22,975 for any amount not used to protect the debtor's principal residence.
Hope this helps.