Increased Exemption for Chapter 7 Bankruptcy in VA Means You Keep More.
Guess what? As of July 1, 2020, the Virginia exemption just went up! It used to be $5,000, but now the amount is $25,000. This means, you can keep more and your fresh start can begin with more money than before. What is an exemption? If you file for a Chapter 7 Bankruptcy, most of…