State Codes and Statutes

Statutes > Virginia > Title-55 > Chapter-9 > 55-161

§ 55-161. How and when made.

Whenever any judge is of the opinion that any debtor desires honestly to payhis just debts and can do so with the cooperation of his creditors, and suchdebtor is willing to assign his salary, wages or income to a trustee for thebenefit of his creditors, subject to the supervision and orders of the court,the judge may, on the written assignment, under oath, of the salary, wages orincome of such debtor, setting forth the names of his creditors and theamount due each one, and upon the filing of the same with the court, togetherwith the written consent of a majority of his creditors in number and inamount, appoint some responsible person willing to accept such appointment astrustee to receive the salary, wages or income of such debtor and pay off theobligations due by him as hereinafter provided. When the debtor is employedon a salary or for wages the written consent of his employer shall benecessary.

(1936, p. 523; Michie Code 1942, § 5278e; 2005, c. 839.)

State Codes and Statutes

Statutes > Virginia > Title-55 > Chapter-9 > 55-161

§ 55-161. How and when made.

Whenever any judge is of the opinion that any debtor desires honestly to payhis just debts and can do so with the cooperation of his creditors, and suchdebtor is willing to assign his salary, wages or income to a trustee for thebenefit of his creditors, subject to the supervision and orders of the court,the judge may, on the written assignment, under oath, of the salary, wages orincome of such debtor, setting forth the names of his creditors and theamount due each one, and upon the filing of the same with the court, togetherwith the written consent of a majority of his creditors in number and inamount, appoint some responsible person willing to accept such appointment astrustee to receive the salary, wages or income of such debtor and pay off theobligations due by him as hereinafter provided. When the debtor is employedon a salary or for wages the written consent of his employer shall benecessary.

(1936, p. 523; Michie Code 1942, § 5278e; 2005, c. 839.)


State Codes and Statutes

State Codes and Statutes

Statutes > Virginia > Title-55 > Chapter-9 > 55-161

§ 55-161. How and when made.

Whenever any judge is of the opinion that any debtor desires honestly to payhis just debts and can do so with the cooperation of his creditors, and suchdebtor is willing to assign his salary, wages or income to a trustee for thebenefit of his creditors, subject to the supervision and orders of the court,the judge may, on the written assignment, under oath, of the salary, wages orincome of such debtor, setting forth the names of his creditors and theamount due each one, and upon the filing of the same with the court, togetherwith the written consent of a majority of his creditors in number and inamount, appoint some responsible person willing to accept such appointment astrustee to receive the salary, wages or income of such debtor and pay off theobligations due by him as hereinafter provided. When the debtor is employedon a salary or for wages the written consent of his employer shall benecessary.

(1936, p. 523; Michie Code 1942, § 5278e; 2005, c. 839.)