Virginia House Bill 2428 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 18 2011 - 25% progression, died in chamber
Action: 2011-01-31 - House: Incorporated by Courts of Justice (HB1422-Albo) by voice vote
Text: Latest bill text (Introduced) [HTML]

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.

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

Del. Robin Abbott [D]

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

HB1422 (Similar To) 2011-04-06 - Governor: Acts of Assembly Chapter text (CHAP0761)

Chapter	Article	Section	Citation Type	Statute Text
8	01	512.4	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?111+sum+HB2428
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?111+ful+HB2428+hil