Do I Have To List All My Debts When Filing Bankruptcy in Virginia Secrets
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Exempt and nonexempt property. You can preserve assets safeguarded by an exemption or "exempt" assets. When a bankruptcy exemption doesn't deal with the house, you are going to either shed it in Chapter seven or have to pay for it in the Chapter thirteen repayment program.
Doubling exemptions. In lots of situations, spouses filing jointly can double the exemption sum if both individual the assets.
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But Virginia's legislation appear into Participate in substantially as they determine the property you could keep within your bankruptcy case. You will also need to know other filing information, which we reveal immediately after reviewing some Fundamental principles.
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In that context, you may well be entitled under that Act (the "CCPA") to request see this the subsequent as also to the extent they apply to us:
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