Chapter 7 and Pensions in VA
usually pensions are protected under bankruptcy. And your bankr
usually pensions are protected under bankruptcy. And your bankruptcy is usually based on what your finances are when you file. So if you are not eligible for awhile, it should not be an issue.
I think soap is right, but I would consult an attorney. Your con
I think soap is right, but I would consult an attorney. Your consultation is usally free & they should be able to help you with that.
I'm in VA also and filing at the end of the month, but this is not an issue for me so I'm not really sure. I have seen the 75% thing too, but honestly, that is very confusing to me as well!
Hey dobieg --- I found this info, not sure if it will help ( her
Hey dobieg --- I found this info, not sure if it will help ( here is the site: http://www.bankruptcyaction.com/vaexemptions.htm)
Pension Plans exempt from seizure:
Employee contributions to ERISA qualified retirement plans, deferred compensation plans, tax-deferred annuities, and health insurance plans.
filing bankruptsy
my va disability pension soon to be stopped because of a 13 year warrant which I appealed and was recently denied, regardless of the warrant being dismissed a year ago. va says I am still responsible since the date of the warrant up to date it was dismissed. I am now in the process of filing for bankruptcy in order to stop them from taking my full pension, as that is what I was advised to do, by va debt management. Is that true, upon filing and everything goes through before the date its due to cease, will I still receive my full pension. This is my first time in having to go this route. Hopefully you can advise me asap. I already will be speaking with an attorney followin this day. Appreciate your reply. :cry: :cry: