Virginia Bankruptcy Laws

Find a Virginia Bankruptcy Attorney

If you are a Virginia resident and are considering filing bankruptcy a Virginia bankruptcy attorney will discuss all of your options with you.

Find out, with the help of a Virginia bankruptcy attorney, whether filing Chapter 7 or Chapter 13 bankruptcy is the right path for you.

For an appointment with a local Virginia bankruptcy attorney simply fill out the form on this page.

Bankruptcy Law and Virginia Exemptions

In your first consultation with your Virginia bankruptcy attorney you will go over all of the main differences from Chapter 7 and Chapter 13 bankruptcy.

During this consultation your Virginia attorney will ask you many personal finance questions or provide you with a profile sheet to list specific financial details. The answers you give will help you and your attorney in deciding if filing Chapter 7 or Chapter 13 bankruptcy is the appropriate step for you.

Chapter 7 bankruptcy is also known as liquidation as the bankruptcy trustee may choose to sell or auction non-exempted property (see State Exemptions list below).

Moreover, in most of Chapter 7 bankruptcy cases, the person filing bankruptcy does not own non-exempt property, so this would not apply to most filings. If you do not own much property or have many assets Chapter 7 bankruptcy may be the best choice, since you are allowed to discharge most unsecured debt.

Before filing Chapter 7 bankruptcy please review your finances with a Virginia bankruptcy attorney to figure out exactly how much property may be exempt from liquidation.

Virginia State Exemptions

Homestead

A homestead worth up to $5,000 plus an additional $500 for each dependent.

Wages

75 percent of your weekly earnings.

Automobiles

One motor vehicle worth up to $2,000.

Personal Property

1. Family Bible.
2. Wedding and engagement rings.
3. Up to $5,000 worth of family portraits and heirlooms.
4. Up to $5,000 worth of a burial plot and a pre-need funeral contract.
5. Up to $1,000 worth of clothing.
6. Up to $5,000 worth of household furnishings.
7. All household pets.
8. 100 percent of medically prescribed healthy aids.
9. Up to $10,000 worth of trade tools.
10. Additional agricultural items worth up to $3,000.

Chapter 13 Bankruptcy is also called “reorganization”. Those filing Chapter 13 may own more property and by filing Chapter 13 may also keep most of their assets.

In Chapter 13 bankruptcy, the debtor prepares a proposal for a repayment plan for a term of 3 to 5 years, which must be approved by a bankruptcy court. This agreement allows the debtor to repay existing bills.

Speak With a Virginia Bankruptcy Attorney Today

Have you ever pondered on filing bankruptcy in Virginia but have not because you did not know where to start or felt the process was too detailed for you?

To lighten your anxiety about bankruptcy laws, a Virginia bankruptcy attorney will be able to help you through the bankruptcy process in common sense terms. When you visit with a Virginia bankruptcy attorney you will also be able to have many of your questions and concerns answered in the first consultation.

Get rid of the aggravation out of finding a Virginia bankruptcy attorney your self. Just fill out our bankruptcy questionnaire on this page and we will direct you to a Virginia bankruptcy attorney in your area.

Note:This is not legal advice. All bankruptcy laws in any state need the consult of a bankruptcy attorney licensed in that state. Consult a local attorney if you are seeking legal advice. Some or all bankruptcy laws may have changed.

Virginia Bankruptcy Attorneys are available in these areas:

A T & T, AAA, AFTON, ALDIE, ALEXANDRIA, AMISSVILLE, ANNANDALE, ARCOLA, ARLINGTON, ARMY TIMES, ARODA, ASHBURN, ASHLAND, AUGUSTA SPRINGS, BANCO, BARBOURSVILLE, BASYE, BATESVILLE, BATTERY PARK, BEALETON, BEAVERDAM, BENTONVILLE, BERGTON, BERRYVILLE, BLUEMONT, BOSTON, BOWLING GREEN, BOYCE, BOYKINS, BRANCHVILLE, BRANDY STATION, BRIDGEWATER, BRIGHTWOOD, BRISTOW, BROAD RUN, BROADWAY, BROOKE, BRUCETOWN, BRUINGTON, BUMPASS, BURKE, BURR HILL, BUSINESS REPLY MAIL, CALVERTON, CAPRON, CARROLLTON, CARRSVILLE, CASANOVA, CASTLETON, CATHARPIN, CATLETT, CENTER CROSS, CENTREVILLE, CHANTILLY, CHARLOTTESVILLE, CHARLOTTESVILLE, CHARLOTTESVLE, CHESAPEAKE, CHESTER, CHESTER GAP, CHESTERFIELD, CHURCHVILLE, CLEAR BROOK, CLIFTON, COLONIAL HEIGHTS, CONTINENTAL TELEPHONE, CORBIN, COURTLAND, COVESVILLE, CRAIGSVILLE, CRIDERS, CRIMORA, CROSS JUNCTION, CROZET, CULPEPER, DAHLGREN, DAYTON, DEERFIELD, DEFENSE GENERAL SUPPLY CT, DELAPLANE, DEPT OF COMMERCE, DOGUE, DOSWELL, DREWRYVILLE, DULLES, DUMFRIES, DUNN LORING, DYKE, EARLYSVILLE, EDINBURG, ELKTON, ELKWOOD, ENGINEERING SUPPORT CENTER, ESMONT, ETLAN, FAIRFAX, FAIRFAX STATION, FALLS CHURCH, FALMOUTH, FBI ACADEMY, FIRM ZIP, FIRST AMERICAN BANK, FISHERS HILL, FISHERSVILLE, FLINT HILL, FORT BELVOIR, FORT DEFIANCE, FORT VALLEY, FRANKLIN, FREDERICKSBURG, FREE UNION, FRONT ROYAL, FT MYER, FULKS RUN, GAINESVILLE, GANNETT, GARRISONVILLE, GLEN ALLEN, GOLDVEIN, GORDONSVILLE, GORE, GRAVES MILL, GREAT FALLS, GREENVILLE, GREENWAY, GREENWOOD, GROTTOES, GTE BUSINESS COMM SYST, HAMILTON, HARRISONBURG, HARTWOOD, HAYMARKET, HAYNESVILLE, HAYWOOD, HENRICO, HERNDON, HIGHLAND SPRINGS, HILLSBORO, HINTON, HOOD, HUME, HUNTLY, IRVINGTON, ISLE OF WIGHT, IVOR, IVY, JEFFERSONTON, JERSEY, KEENE, KEEZLETOWN, KESWICK, KILMARNOCK, KING AND QUEEN COURT HOUSE, KING GEORGE, LACEY SPRING, LADYSMITH, LANCASTER, LEESBURG, LEON, LIGNUM, LINCOLN, LINDEN, LINVILLE, LITTLE PLYMOUTH, LIVELY, LOCUST DALE, LOCUST GROVE, LORTON, LOUISA, LOVETTSVILLE, LURAY, LYNDHURST, MACLEAN, MADISON, MAIDENS, MANASSAS, MARKHAM, MARSHALL, MASCOT, MATTAPONI, MAURERTOWN, MC GAHEYSVILLE, MC LEAN, MECHANICSVILLE, MERRIFIELD, MERRY POINT, MIDDLEBROOK, MIDDLEBURG, MIDDLETOWN, MIDLAND, MIDLOTHIAN, MILFORD, MILLWOOD, MINERAL, MINT SPRING, MITCHELLS, MOLLUSK, MONTPELIER, MONTPELIER STATION, MORATTICO, MOSELEY, MOUNT CRAWFORD, MOUNT JACKSON, MOUNT SIDNEY, MOUNT SOLON, MOUNT VERNON, NATIONAL RIGHT TO WORK COMM, NATIONAL WILDLIFE ASSOC, NEW HOPE, NEW MARKET, NEWINGTON, NEWSOMS, NEWTOWN, NINDE, NOKESVILLE, NORFOLK, NORTH GARDEN, NUTTSVILLE, OAKPARK, OAKTON, OCCOQUAN, ORANGE, ORKNEY SPRINGS, ORLEAN, PAEONIAN SPRINGS, PARIS, PARTLOW, PENN LAIRD, PHILOMONT, PLEASANT VALLEY, PLEASANT VLY , PORT REPUBLIC, PORT ROYAL, PORTSMOUTH, PRATTS, PURCELLVILLE, QUANTICO, QUICKSBURG, QUINQUE, RADIANT, RAPHINE, RAPIDAN, RAPPAHANNOCK ACADEMY, RECTORTOWN, REMINGTON, RESCUE, RESTON, REVA, RHOADESVILLE, RICHARDSVILLE, RICHMOND, RILEYVILLE, RIXEYVILLE, ROCHELLE, ROCKVILLE, ROLLINS FORK, ROUND HILL, RUBY, RUCKERSVILLE, RUTHER GLEN, SAINT STEPHENS CHURCH, SANDSTON, SCHUYLER, SCOTTSVILLE, SEALSTON, SEDLEY, SHACKLEFORDS, SHENANDOAH, SINGERS GLEN, SMITHFIELD, SOMERSET, SOMERVILLE, SPARTA, SPERRYVILLE, SPOTSYLVANIA, SPRINGFIELD, STAFFORD, STANARDSVILLE, STANLEY, STAR TANNERY, STAUNTON, STEELES TAVERN, STEPHENS CITY, STEPHENSON, STERLING, STEVENSBURG, STEVENSVILLE, STRASBURG, STUARTS DRAFT, STUDLEY, SUFFOLK, SUMERDUCK, SWOOPE, SYRIA, THE PLAINS, THORNBURG, TIMBERVILLE, TOMS BROOK, TREVILIANS, TRIANGLE, UNIONVILLE, UPPERVILLE, VERONA, VIENNA, VIEWTOWN, VILLAGE, VINT HILL FARMS, VINT HILL FRM, VIRGINIA BEACH, WALKERTON, WARRENTON, WASHINGTON, WATERFORD, WAYNESBORO, WEEMS, WEST AUGUSTA, WEYERS CAVE, WHITE HALL, WHITE POST, WHITE STONE, WINCHESTER, WINDSOR, WOLFTOWN, WOODBERRY FOREST, WOODBRIDGE, WOODFORD, WOODSTOCK, WOODVILLE, ZUNI

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