Virginia Exemptions Summary:
Homestead
Must file homestead declaration before filing for bankruptcy
$5,000 plus $500 per dependent; rents & profits; sale proceeds exempt to $5,000 (husband & wife may double, unused portion of homestead may be applied to any personal property); if 65 or older, exemption is $10,000; an additional $25,000 exempt if property is primary residence.
Vehicle Exemption
Motor vehicles to $6,000 total ($10,000 if needed for occupation or education)
Personal Property
Clothing to $1,000
Family portraits & heirlooms to $5,000 total
Household furnishings to $5,000
Firearms to $3,000
Pets
Wedding and engagement rings
Tools, books, and instruments of trade, including motor vehicles, to $10,000, needed in your occupation or education
For farmer, pair of horses, or mules with gear; one wagon or cart, one tractor to $3,000; 2 plows & wedges; one drag, harvest cradle, pitchfork, rake; fertilizer to $1,000
Wild Card
Unused portion of homestead or personal property exemption
$10,000 of any property for disabled veterans