Homestead and other exemptions; exemption of real or personal property. (HB2428)

Introduced By

Del. Robin Abbott (D-Newport News)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Homestead and other exemptions.  Raises the homestead exemption from real or personal property not exceeding $5,000 in value to personal property not exceeding $5,000 in value and real property not exceeding $25,000 in value. The bill also adds certain specific items of personal property to the list of what a debtor may hold exempt from creditor process and increases from $2,000 to $7,500 the value of an automobile that may be held as exempt. The bill also provides that the amount of certain exemptions shall be adjusted for inflation every three years. The bill also provides that a debtor may elect between the exemptions permitted under federal bankruptcy law and Title 34. Current law does not allow a debtor to elect the bankruptcy exemptions. Read the Bill »


01/31/2011: Merged into HB1422


01/18/2011Presented and ordered printed 11103972D
01/18/2011Referred to Committee for Courts of Justice
01/19/2011Assigned Courts sub: #2 Civil
01/24/2011Subcommittee recommends incorporating (HB1422-Albo)
01/31/2011Incorporated by Courts of Justice (HB1422-Albo)

Duplicate Bills

The following bills are identical to this one: HB1471.