Motor Vehicle Exemption


WHAT IS THE VIRGINIA MOTOR VEHICLE EXEMPTION?

Posted on 10 27,2016
WHAT IS THE VIRGINIA MOTOR VEHICLE EXEMPTION?

When an individual makes the decision to file for Chapter 7 bankruptcy, one of the most common concerns is whether he or she will be able to retain possession of certain assets and property. Chapter 7 is known as liquidation bankruptcy. Unless you have a way to protect your home, vehicle and other valuable assets, they could be taken and sold by the bankruptcy trustee to help get your creditors paid.

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