"Virginia Filing Chapter 7"
Filing a Virginia bankruptcy case under Chapter 7 stops foreclosures and creditor collections. Filing may be
accomplished partially, that is, by submitting core documents and the filing fee, and supplementing within a few
days.
| The Uniform Local Bankruptcy Rules, under Rule 6(a) provide "The clerk shall be under
no duty to file paperwork submitted to the clerk in disarray. The attorney filing any voluntary or involuntary
petition shall personally review all petitions, schedules, statements and other supporting documents
before delivery to the clerk and shall ensure that all carbon paper shall have been removed and that
all such paperwork shall be arranged in logical order. An original and four (4) copies of a petition, schedules,
statements and other supporting documents under chapter 7, chapter 12 and chapter 13 of the code shall be
filed. An original and six (6) copies of a petition, schedules, statements and other supporting documents
shall be filed in all chapter 9 and chapter 11 cases." |
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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