Code of Virginia - Title 55 Property And Conveyances - Chapter 9 Assignments For Benefit Of Creditors
- 55-156 Recordation; notice of sale; preferences prohibited
Whenever a deed of assignment for the benefit of creditors is executed the same shall be forthwith recorded as are other deeds and the trustee ...
- 55-157 Substitution of another trustee by creditors
A majority of the unsecured creditors in number and amount of the assignor may agree in writing upon a trustee different from the one named ...
- 55-158 Questioning claim of creditor and determination thereof
Any creditor of the assignor who questions the validity of any other creditor's claim or the trustee if he questions the validity of any claim ...
- 55-159 Provision to bar further claim by creditors who accept deed
Any such deed of assignment may contain a provision to the effect that those creditors who accept thereunder do so in full satisfaction of their ...
- 55-160 Compensation of trustee
Every trustee referred to in this article shall receive reasonable compensation for services. (1924, p. 658; Michie Code 1942, § 5278d.) ...
- 55-161 How and when made
Whenever any judge is of the opinion that any debtor desires honestly to pay his just debts and can do so with the cooperation of ...
- 55-162 Trustee; rights and duties; compensation
The trustee shall make written reports to the court at such times as the court may direct, for which services the trustee may charge as ...
- 55-163 Resignation of trustee
The trustee may resign at any time after accounting for all funds in his possession and the court may appoint another trustee. (1936, p. 524; ...
- 55-164 Debts; order of payment
The trustee shall immediately upon receipt of such salary, wages or income, or at such other time as the court may direct, disburse the fund ...
- 55-165 Exemption from garnishment, levy or distress
When the assignment is executed and approved by the court and the trustee has been appointed and notice given to the creditors mentioned in the ...
- 55-166 Termination of assignment by court
The court may, at any time, upon complaint that the terms of the assignment are not being fairly observed, order the debtor and trustee to ...
- 55-167 Clerk to preserve papers, etc.; fees
The clerk of the court wherein any assignment is filed shall carefully preserve the same, together with all reports of the trustee, and shall keep ...
Last modified: April 3, 2009