"Virginia Bankruptcy Attorneys"
All Virginia bankruptcy attorneys who regularly represent clients before federal courts must be licensed by the
Federal district. An exception is provided for out of town attorneys who may appear pursuant to a pro hac vice
admission, which must be approved on a cases by case basis.
| 11 U.S.C. §329(a): "Any attorney representing a debtor in a case under this title, or in
connection with such a case, whether or not such attorney applies for compensation under this title, shall file
with the court a statement of the compensation paid or agreed to be paid, if such payment or agreement was made
after one year before the date of the filing of the petition, for services rendered or to be rendered in contemplation
of or in connection with the case by such attorney, and the source of such compensation." |
On March 5, 2004 the Virginia Bankruptcy Courts adopted newly adjusted dollar amounts which apply throughout
the Code. The changes became effective April1, 2004. The adjusted amounts affect the values throughout carious
Code sections, including the eligibility requirement for debtors who file Chapter 13, the value of claims which
the Code treats as a priority claim, the amount of creditor claims need to instigate an involuntary petition,
and the amount of luxury goods and services which may be considered nondischargeable if acquired within 30 days
of filing. These changes to Virginia bankruptcy law were based on the Consumer Price Index published by the US
Dept. of Labor, and increase values to reflect rising prices. These changes became mandatory every three years
beginning in 1994.
Back to Virginia Bankruptcy Court words & phrases.
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