Protecting Home From Creditors

Summary

In Virginia, your home may be protected under the Homestead Exemption law, which allows up to $5,000 (or $10,000 if youre over 65) in property or cash to be exempt, with an additional $500 exemption per dependent. The unused portion of the homestead exemption can apply towards your home. To consult with a local attorney, look online, check the Virginia State Bar Associations website for a referral, or contact legal aid organizations in Virginia. Legal aid applications can take time to process, so keep checking your application status or contact the legal aid office directly for updates. If urgent, consider consulting a private attorney.

Full Conversation

I am being sued by a credit card company for *,* and some odd dollars and I don’t work and I haven’t worked in over 14 years and I want to know if I can protect my home that I’m paying from the creditor
Hello Ashleigh, could you please let me know in which state you reside? This will help me provide you with more accurate information about the laws in your area.
Virginia
Hello Ashleigh, in Virginia, your home may be protected under the Homestead Exemption law:
- It allows up to $*,* (or $*,* if you're over *) in property or cash to be exempt.
- Additional $* exemption per dependent.
- Unused portion of the homestead exemption can apply towards your home.
Please consult with a local attorney for personalized advice.
How do I do that?
To consult with a local attorney, you can:
- Look online for attorneys in your area
- Check the Virginia State Bar Association's website for a referral
- Contact legal aid organizations in Virginia for free or low-cost assistance.
I’ve applied for a legal aid, but still have yet to hear back back
Legal aid applications can take some time to process due to high demand. Keep checking your application status online or contact the legal aid office directly for an update. If it's urgent, consider consulting a private attorney or the Virginia State Bar for a referral.