"Virginia Bankruptcy Rules"
All Virginia bankruptcy courts incorporate federal rules. In particular, the federal rules of evidence, civil procedure,
criminal procedure, and
sentencing apply. Additionally, all courts require compliance with local rules which apply within the
district, and division, if any. Deviation from applicable rules subjects a case to dismissal.
| The Federal Rules of Bankruptcy Procedure apply in addition to the Code. These rules
provide administrative detail for the implementation of the intention of the Code. Additionally, local rules
are adopted by each court. Many local rules are based upon the Uniform Bankruptcy Local Rules. Further rules
are commonly created for location specific concerns, and may apply only in one district, division, or court. |
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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