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Home / Opinion Digests / Bankruptcy – Tenancy By Entirety – Ch. 7 – Joint Bankruptcy Petition (access required)

Bankruptcy – Tenancy By Entirety – Ch. 7 – Joint Bankruptcy Petition (access required)

Where a husband and wife in Virginia file a joint chapter 7 bankruptcy petition, and they have - apart from their mortgage lender - only individual creditors, the two spouses may exempt a home they own as tenants by the entirety to the extent of their equity.; the spouses may take the exemption notwithstanding the ...