BANKRUPTCY UPDATES

• Taking Your Credit Score from Bankrupt to Perfect 10 (May 21, 2012)
• Music Storage Website MP3Tunes.com Seeks Bankruptcy Protection (May 22, 2012)
• Book Publisher Houghton Mifflin Harcourt Files for Bankruptcy (May 17, 2012)
• Las Vegas Tycoon Lists $500 Million in Debts in Bankruptcy Filing (May 15, 2012)
• Nassau Broadcasting Sells its Assets in Bankruptcy Court (May 22, 2012)

Animal Sanctuary Foreclosure Could Mean 300 Homeless Animals

In Brighton, Colorado, a free-roam, no-kill animal sanctuary is in deep financial trouble. The owner of Creative Acres animal sanctuary must somehow raise $357,000 by mid-August or the facility will be foreclosed upon and the 300 animals that live there will be homeless.

The facility started having financial difficulties last winter when the owner had to spend thousands of dollars for snow removal and other services during the blizzards. She did what was necessary to keep the animals alive during a very harsh winter, but at the expense of possibly losing the sanctuary entirely.

The 44-acre animal sanctuary is already in foreclosure. Owner, Maxine Mager says she did what she had to do during the winter and decided to worry about the mortgage later. Now she is faced with that worry. After working 17 hours a day during the winter shoveling snow, making repairs and suffering from frostbite, she now faces losing Creative Acres.

Heavy snows during the winter forced the cancellation of two major fundraisers which the facility depends on to pay the bills and care for the animals.

Mager has run the shelter for 20 years and remains optimistic. She says that the best thing for the animals is to stay where they are, but if she has to she will rent another place and move. It would be a rough move though, and possibly problematic finding a place to house all of the animals to which the shelter is currently home.

Creative Acres takes in animals on a case-by-case basis, regardless of their medical conditions. The facility really strives to achieve a good quality of life for all of the animals, even the ones that other shelters would have euthanized rather than deal with their special needs. They have taken in animals with the intention of giving them lifelong care. Even animals deemed unadoptable by other shelters are taken in and trained or rehabilitated until they reach a point that they can be adopted into a loving home.

The situation may seem hopeless but it is entirely possible that the money could be raised in time to save the shelter.

In June a blogger and PR guru, Katie Paine, got the right amount of exposure and help to save her farm from foreclosure. Over $150,000 was raised to save her family farm from foreclosure just in the nick of time. Paine's situation seemed hopeless as foreclosure was setting in and the bank refused to work with her. Fellow bloggers as well as other people and organizations that she had helped over the years pitched in and sent donations and the farm was saved.

Hopefully Mager can fare as well and stop foreclosure of her animal sanctuary in time without filing bankruptcy.

Subscribe