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Usually you won't reduce your property or motor vehicle throughout your bankruptcy situation provided that your equity inside the house is fully exempt. (see Virginia bankruptcy exemptions) Regardless of whether your assets is not really totally exempt, you will be able to preserve it, for those who pay its non-exempt worth to creditors in chapter

This is a crucial difference from a Chapter 13 bankruptcy situation, in which a court docket typically approves a repayment plan for any percentage of your debts.The Conference of creditors is a mandatory Listening to where the trustee along with your creditors can request you issues under oath about your financial affairs and the information discl