WEST VIRGINIA BANKRUPTCY LAW
West Virginia Bankruptcy: Attorneys, Statistics, Exemptions and Courts.West Virginia Bankruptcy Statistics: In 2009, 6,660 bankruptcies were filed in West Virginia. Business bankruptcies accounted for 202 or 3.03% and personal bankruptcies accounted for 6,458 or 96.97% of the total filings.
West Virginia State Bankruptcy Exemptions
Homestead
The home ("homestead") exemption is for up to $25,000. West Virginia defines 'homestead' to include real or personal property that is used as a home. An unused portion of the homestead exemption can be used for any property.Personal Property
The following expenses or items are exempt in their entirety in West Virginia:
The following expenses or items are exempt up to a specified limit in West Virginia:
Pension
The following individuals' and their survivors' pension benefits are exempt when filing for bankruptcy in West Virginia:The following pension types are exempt or partially exempt when filing for bankruptcy in West Virginia:
Insurance
The following insurance types are entirely or partially exempt when filing for bankruptcy in West Virginia:Public Benefits
The following public benefits are exempt when filing for bankruptcy in West Virginia:Tools of the trade
This is a separate exemption. The following items have been considered tools of the trade in the state of West Virginia, and exempt up to $1,500:Wages
In West Virginia, the minimum of thirty times the weekly federal hourly minimum wage.Miscellaneous
The following miscellaneous benefits are exempt when filing for bankruptcy in West Virginia:
Wildcard: Unused portion of the homestead or burial exemption and $800.
Federal Exemptions: No, debtors are not allowed to take federal exemptions when filing for bankruptcy in West Virginia.West Virginia Bankruptcy Court:
United States Bankruptcy Court, Northern District of West Virginia, United States Bankruptcy Court, Southern District of West Virginia|
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