CODE OF VIRGINIA

HOW AND WHEN MADE (§ 55-161)

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 his creditors, and such debtor
is willing to assign his salary, wages or income to a trustee for the benefit 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 or income of
such debtor, setting forth the names of his creditors and the amount due each
one, and upon the filing of the same with the court, together with the written
consent of a majority of his creditors in number and in amount, appoint some
responsible person willing to accept such appointment as trustee to receive the
salary, wages or income of such debtor and pay off the obligations due by him as
hereinafter provided. When the debtor is employed on a salary or for wages the
written consent of his employer shall be necessary.

HISTORY: 1936, p. 523; Michie Code 1942, § 5278e; 2005, c. 839.