Legal Question in Bankruptcy in Virginia

If there is equity in the property, it can be taken by a bankruptcy trustee unless it is exempt. As Virginia only has a nominal exemption available for real estate, the only real exemption is if you own it as tenants by the entireties. If so, and there is no joint debt (other than debt secured by that property), it is exempt from your individual creditors in your bankruptcy. However, if you divorce within 6 months of the bankruptcy filing, the exemption is lost and the trustee can take it.