A Bankruptcy Trustee Can Seize Some of Your Property If You Do Not File A Virginia Homestead Deed In Time.
Unlike most other states, bankruptcy filers in Virginia must file a legally-valid Virginia homestead deed before the mandatory deadline, which is five calendar days after the conclusion of your 341 Meeting of Creditors (Trustee Hearing). Bankruptcy filers that don’t use an attorney often find they were unaware of the need to file a homestead or were unable to get the correct advice on preparing and filing the deed and end up forfeiting tax refunds, garnished wages, savings, and other property.
Protect Your Property. Get a Homestead Deed.
Chapter 7 Bankruptcy
A Chapter 7 Bankruptcy eliminates unsecured debt forever. Besides qualifying to file a bankruptcy, which an attorney can advise you on, you must also protect your property under the state or federal exemptions that apply.
In Virginia, the homestead exemption is used to protect liquid assets such as savings, wages, tax refunds, cash-surrender life insurance value, and other equity in property such as a house.
In order to extend the protection of the homestead exemption to these properties you must properly file a legally-valid homestead deed in the correct jurisdiction by the mandatory deadline.
With VirginiaHomesteadDeed.com you can create your legally valid Virginia homestead deed, have it reviewed by a bankruptcy attorney, and file the deed before the mandatory deadline to protect you property from the bankruptcy trustee seizing it from the comfort of your home and with the confidence it is done right. Order your Virginia Homestead Deed today!.