Can someone give some information abuot Virginia Bankruptcy Law?

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Q. Can someone give some information abuot Virginia Bankruptcy Law?

A. Im not lawer but i 've lived there 20 years,so i can give u some infoermation: "In some states, homestead exemptions are set by area as opposed to value. Florida's 160 acre exemption allowed Paul Bilzerian to retain a $6 million, four story, 11 bedroom, and 20 bath mansion near Tampa. In a Virginia case, the owner of a failed mortgage company was allowed under state law to keep his "one horse" - an $800,000 racehorse purchased just prior to filing. Courts have permitted debtors to keep mink coats, Rolex watches and expensive jewelry as "clothing," plus valuable antiques as household furnishings. Bankruptcy law not only protects O.J. Simpson's $4.1 million in pension assets against the $33.5 million civil damage award for the wrongful deaths of Nicole Simpson and Ronald Goldman, but even allows the judgement to be fully discharged. Chapter 7's title, "Liquidation," is a misnomer since in 96 percent of cases there is no estate to liquidate and creditors receive nothing. The "liquidation" in practice is merely a few pages of paper filed with the court removing unwanted debts"

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