Vermont Bankruptcy

Does it feel like debt is hanging over your head? Talk to a Vermont bankruptcy lawyer today about your debt-relief options.

We’ll connect you—for free and with no obligation—to a Vermont bankruptcy attorney in your area. All you have to do is enter your ZIP code below to get started.

Filing Chapter 7 Bankruptcy in Vermont

Vermont residents who are overloaded by their bills and having a hard time making ends meet should know that the U.S. Bankruptcy Code offers options to help eliminate debt and get a fresh financial start.

Chapter 7 bankruptcy offers a total discharge of debt, which means the debt is wiped away and doesn’t have to be repaid.

If you’re interested in the details of filing Chapter 7 bankruptcy in Vermont, make the first move and speak with a Vermont bankruptcy lawyer today by filling out the above 2-minute free form.

Vermont Bankruptcy Laws

Chapter 7 bankruptcy is sometimes called a “liquidation” bankruptcy because a bankruptcy trustee can liquidate a debtor’s non-exempt assets to raise money to pay his or her creditors.

In short, this means that a bankruptcy trustee can sell a debtor’s belongings to use the proceeds to cover old debts.

But don’t panic—many of possessions are protected from being sold under Vermont bankruptcy law. In fact, most Chapter 7 bankruptcy filers keep all of their property.

Vermont Bankruptcy Exemptions

The following items are protected (exempt) from Chapter 7 liquidation sale in Vermont:

Homestead: A residence worth up to $125,000.

Wages: 75 percent of your wages.

Vehicle: One motor vehicle worth up to $2,500.

Personal Property:

  • Up to $5,000 worth of professional books and trade tools.
  • One wedding ring fully exempt
  • $500 worth of other jewelry.
  • Up to $2,500 worth of furniture, goods, appliances, books, clothing, animals, crops and musical instruments.
  • Up to $5,000 worth of growing crops.
  • Up to $400 worth of other miscellaneous property.
  • One cooking stove, heating appliances, refrigerator and freezer, water heater and sewing machine.
  • $700 worth of bank deposits.
  • Up to $7,000 of unused exemptions.

Speak to a Vermont Chapter 7 Bankruptcy Attorney Today

Still confused about what falls under the Vermont bankruptcy exemption umbrella? Don’t worry–you’re not alone. A Vermont bankruptcy attorney may be able to help you apply Vermont’s bankruptcy laws to your personal case.

Connect to a Vermont bankruptcy lawyer today by simply completing the above free form or calling us at 877-226-6844. Make the first move and contact us today.


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Note: Keep in mind all laws are complex. If you need legal advice or want to fully understand how these laws affect you, please speak with a local attorney.

Laws may have changed since our last update. For the latest information on your state’s bankruptcy laws, speak to a local bankruptcy lawyer.