The Virginia Homestead Exemption and Judgment Lien Creditors

The Virginia Homestead Exemption allows debtors to protect certain property from the debt collection process. It allows the debtor to select any property, whether real or personal, to protect.  “Real property” means real estate.  Except in limited circumstances, creditors must obtain a judgment in order to garnish wages or bank accounts or levy and sell property.  Once they receive a …