Debt Relief in Virginia
Virginia residents can file for bankruptcy using Virginia's state exemptions, which include a homestead exemption of up to $25,000 plus $500 per dependent. Virginia does not allow use of federal exemptions. The state has high bankruptcy filing volumes, particularly in the Northern Virginia, Hampton Roads, and Richmond metro areas. Credit counseling agencies are widely available.
FAQ
What debt relief options are available in Virginia?
Residents of Virginia have access to consumer proposals, personal bankruptcy, debt consolidation loans, credit counselling, and debt management plans. Consumer proposals and bankruptcy are administered by Licensed Insolvency Trustees under federal law.
How do I find a Licensed Insolvency Trustee in Virginia?
You can browse our verified directory of 0 Licensed Insolvency Trustees in Virginia, or search the Office of the Superintendent of Bankruptcy (OSB) register. Initial consultations are typically free.