Virginia Bankruptcy Law

Considering filing bankruptcy in Virginia? You need to understand Virginia bankruptcy law and exemptions.

As on overview we have listed some of the main exemptions, links to the federal courts serving Virginia, and some filing statistics for Virginia.

Virginia Exemptions

Homestead:
$5,000 plus $500 for each dependent (applies to householder or resident head of family) (exempt real estate must be claimed by recording written declaration. See CV § 34-6)

May include mobile home

Must file homestead declaration before filing for bankruptcy

Property held as tenancy by the entirety may be exempt against debts

Details:
Real & personal property (includes money & debts owed to debtor)

Motor Vehicle:
$6,000
Details:
Motor vehicle


This is just and overview and there is a detailed list of the Virginia Bankruptcy Exemptions.

Virginia Bankruptcy Courts

If you need more information about the Virginia Federal Bankruptcy Courts you can click on the link for your district.

  • Virginia Eastern District
  • Virginia Western District

    • Virginia Filing Statistics

    Here are the counties in Virginia with the highest amount of bankruptcy filings.

    Year - County
    Total
    Ch7
    Ch13
    2012 FAIRFAX
    2819
    2091
    721
    2012 PRINCE WILLIAM
    1988
    1518
    469
    2012 VIRGINIA BEACH (CITY)
    1987
    1276
    707
    2012 HENRICO
    1608
    695
    911

    You can see the information for all counties by visiting the Virginia Chapter 7 and Chapter 13 bankruptcy filings by county page.

    Here are the most recently available statistics for monthly bankruptcy filings in Virginia.

    Year - Month
    Total
    Ch7
    Ch13
    2013 6
    2049
    1312
    736
    2013 5
    2387
    1530
    851
    2013 4
    2452
    1600
    848
    2013 3
    2447
    1652
    792
    2013 2
    2082
    1315
    764
    2013 1
    1955
    1162
    790


    You can see more data by visiting the Virginia Personal Bankruptcy Filing Statistics page.

    If you have question about filing bankruptcy please visit our Frequently Asked Questions Page or schedule a free consultation with a local attorney.