Conversely, the exemption of wages from the debtor's bank account is not subject to a homestead filing. The maximum allowable deduction from a debtor's personal account, when the monies therein stem from payments for work done, is 25% (limit of max garnishment in VA). Be prepared to argue "source of funds." See VA Code §34-29.
The format to file with the circuit court is:
NOTE: There is a difference between personal property and real-property. Be sure to indicate the filing when making it -- or use both if combining different exemptions!
Do you have a question about bankruptcy law? We practice in many different Federal jurisdictions -- we would be glad to chat with you about your questions and your case. 1-800-579-9864 or firstname.lastname@example.org.
|Hanover Law, PC|
|Offices in Fairfax, VA and Washington, DC|
|2751 Prosperity Ave, Ste 150
Fairfax, VA 22031
|Sean R. Hanover, Esq.
Stephen Salwierak, Esq.
|Lili O'connell, Esq.
Charles Hatley, Esq.