On July 10, 2025, Virginia debtors and creditors found themselves at the forefront of a new legislative battle that could potentially affect the financial rights of individuals in the state. The Virginia General Assembly passed a series of bills aimed at providing more protection for debtors while also ensuring that creditors have the ability to collect on debts.One of the key pieces of legislation that was passed was a bill that limits the ability of creditors to garnish wages from debtors. Under the new law, creditors will only be allowed to garnish a certain percentage of a debtor's income, with exemptions for certain low-income individuals. This change aims to prevent creditors from putting excessive financial strain on debtors while still allowing them to collect on debts owed.In addition to the wage garnishment limits, another bill was passed that strengthens the rights of debtors in debt collection lawsuits. The new law requires creditors to provide more detailed information about the debt being collected, as well as proof that the debt is valid and legally owed. This measure is intended to prevent debtors from being unfairly targeted by aggressive creditors seeking to collect on debts that may not be legitimate.Furthermore, the Virginia General Assembly also passed a bill that allows debtors to request a payment plan from creditors in order to satisfy their debts. This new option gives debtors more flexibility in paying off their debts and may help prevent them from falling further into financial distress.Overall, these new laws aim to strike a balance between protecting the rights of debtors while also ensuring that creditors have the ability to collect on debts owed to them. Virginia residents will need to stay informed on these changes and understand how they may impact their financial situation moving forward.