Acquiring a huge amount of debt can take a toll on a person, and the immediate relief for this is to file for bankruptcy. The normal route when it comes to bankruptcy is that it will be filed by the debtor. However, it's possible in some cases for a creditor to file one against a consumer. Although involuntary bankruptcy is a rare case, this doesn'
2020 Bankruptcy Law Changes in Virginia: What You Should Know About the New Exemption
The State of Virginia has created a new exemption for bankruptcy that was effective since July 2020. What Is a Bankruptcy Exemption?A Bankruptcy Exemption allows you to keep some of your assets safe in bankruptcy. This includes inexpensive cars, professional tools, clothing, and a retirement account. If you have exempted assets, then you don�