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Virginia Bankruptcy Exemptions

What Exemptions are allowed when filing bankruptcy in Virginia?

Below is a list of some of the available Virginia bankruptcy exemptions . This list only identifies a small fraction of the exemptions available in Virginia and there are many exemptions (such as retirement accounts, life insurance, and trade tools) that are not listed and may be beneficial to you. Talk to a qualified Virginia bankruptcy attorney in your area to have all the available exemptions explained to you. Only a Virginia bankruptcy attorney can properly list and explain all of the applicable exemptions offered in Virginia.

Virginia Bankruptcy Exemptions

Homestead
$5,000
Homestead allowance for surviving spouse
$15,000
Wearing apparel
$1,000
Wedding and engagement rings
$5,000
Household furniture
$5,000
Exempt property of decent
$15,000
Farmer´s equipment
$4,000
Motor vehicle
$2,000
Tools of trade
$10,000

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