"Virginia Free Bankruptcy Forms"
No one should pay for Virginia bankruptcy forms. Courts provide free forms. However, many bankruptcy software
programs provide much more than forms, including easy editing, error checking, explanations, cites to statutes,
cases and rule requirements, and are updated for compliance with local rules.
| The Federal Rules of Bankruptcy Procedure, in Rule 9009, provide "The Official Forms
prescribed by the Judicial Conference of the United States shall be observed and used with alterations as
may be appropriate. Forms may be combined and their contents rearranged to permit economies in their use.
The Director of the Administrative Office of the United States Courts may issue additional forms for use
under the Code. The forms shall be construed to be consistent with these rules and the Code." |
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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