Vermont Bankruptcy Laws & Exemptions
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Vermont Bankruptcy Laws

How to File Chapter 7 and Chapter 13 in Vermont

You don’t have to live with uncontrollable debt.

Vermont bankruptcy laws offer relief and security for those looking to get control of their finances, stay in their homes and get on with their lives.

When filing personal bankruptcy in Vermont, you have two main options: Chapter 7 and Chapter 13. Both are explained here.

For a detailed explanation of these bankruptcy options could work in your situation, fill out the below free bankruptcy case review form to arrange a no-obligation consultation with a Vermont bankruptcy lawyer.

Free Case Evaluation

Chapter 7 & 13 Bankruptcy in Vermont

Filing Chapter 7 bankruptcy in Vermont may provide a complete dismissal of any debt that is unsecured. Credit card bills, medical bills and personal loans are all considered unsecured.

Bankruptcy laws are designed to provide relief and protection to individuals struggling with debt. Learn how bankruptcy laws can help you by speaking with a local bankruptcy lawyer.

In order to file Chapter 7 bankruptcy you need to meet certain income requirements. Speak with a local attorney to see if you qualify.

Chapter 7 bankruptcy may also prevent your home and other possessions from being taken. Vermont’s Chapter 7 bankruptcy exemptions outline property that cannot be sold to pay your debts when you file. In the majority of cases, there is no liquidation sale.


  • A residence worth up to $125,000.


  • 75 percent of your wages.


  • One motor vehicle worth up to $2,500.

Personal Property

  • Up to $5,000 worth of professional books and trade tools.
  • Full value of one wedding ring.
  • $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.

For those who have some regular income, but still owe lots on their homes or cars, then Chapter 13 may be a better option.

Chapter 13 bankruptcy consolidates and orders debts. Sometimes the amount owed is reduced. These debts are locked and this will avoid adding more fees and fines.

Then, over the course of the court-approved repayment plan, you will make a regular monthly payment to a trustee who will handle your creditors. Then, when you’re finished, your debt should be retired and you’ll have a fresh financial start.

Chapter 13 bankruptcy also provide broader property protection provisions than Chapter 7.

Navigate Vermont Bankruptcy Laws with a Local Lawyer

If you file bankruptcy, you will probably want to maximize this opportunity and take advantage of all the aid offered.

A Vermont bankruptcy attorney can help you navigate the laws so you can fully realize the potential to eliminate your debt.

If you want to get the protection and debt relief that filing for bankruptcy can provide, contact a local Vermont bankruptcy lawyer today. Simply complete the free case evaluation form, or call, toll free, 877-349-1309 and we’ll connect you with a bankruptcy lawyer in Vermont near you.

Note: Keep in mind bankruptcy laws can be complex. If you need legal advice or want more information about filing bankruptcy in Vermont, please speak with a local Vermont bankruptcy attorney. Laws may have changed since our last update. For the latest information on state bankruptcy laws, speak to a local Vermont bankruptcy lawyer.

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