Virginia Bankruptcy Exemptions - VA Bankruptcy Exemptions

State Exemptions Only

Homestead -

• an additional $500 in value for each dependent. (VA Code 34-4.);
• Additional property for a disabled veteran, $2,000.


Homestead allowance for surviving spouse


Wearing Apparel


Wedding and engagement rings, family portraits and heirlooms


Household furniture


Exempt property of decedent


Farmer's equipment


Motor vehicle

$6,000 ($10,000 if needed for occupation or education)

Court award or settlement proceeds from personal injury or wrongful death actions generally are also exempt. (VA Code 34-28.1.)


Tools of trade


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NOTE: These are the major bankruptcy exemptions.
Check with your bankruptcy lawyer for a full exemptions list. on Google+