Legal Question in Credit and Debt Law in Virginia

homestead deed

what is it ? can i field one to stop a garnishment?


Asked on 3/17/07, 1:12 pm

2 Answers from Attorneys
Ruth Emily Kochard Ruth Emily Kochard, Counselor at Law

Re: homestead deed

A homestead exemption protects $5,000 of the debtor's personal or real property (plus $500 for each dependant). However, it requires filing a homestead deed in court.

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Answered on 3/17/07, 2:08 pm
Daniel Press Chung & Press, P.C.

Re: homestead deed

You can file a homestead deed to stop a property garnishment, but it won't help with a wage garnishment. Furthermore, it may not be the best approach to do this, as you may need that exemption for other assets if you need to file bankruptcy. You should consult with a bankuptcy lawyer immediately, before doing anything.

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Answered on 3/17/07, 5:21 pm


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