The trustee may resign at any time after accounting for all funds in his possession, and the court may appoint another trustee.
§ 8.01-525.8.Resignation of trustee.
Chapter 18.1. Assignments for Benefit of Creditors · Article 2. Assignment of Salary, Wages, or Income · Last amended 2019 · Last verified July 16, 2026
In one sentenceA trustee administering a court-supervised wage assignment can resign at any time, provided he first accounts for every dollar of the debtor’s salary, wages, or income he has handled, after which the court may appoint a successor to keep the arrangement running.
Full Text of § 8.01-525.8
Plain-English Summary
A trustee appointed under this article is not locked into the job indefinitely. He may resign at any time, which gives him an exit if the role becomes unworkable or he no longer wishes to serve.
The one condition attached is accountability: before he can step down, he must account for all the funds that passed through his hands. That protects the creditors and the debtor from a trustee walking away with money still unexplained.
Once a resignation is complete, the court may appoint a replacement to keep the assignment running, so the debtor’s creditors are not left without anyone administering the plan.
Frequently Asked Questions
Can a trustee quit at any time?
Yes. The statute lets him resign at any time.
Is there a condition attached to resigning?
Yes. He must first account for all funds in his possession.
What happens to the assignment after a trustee resigns?
The court may appoint another trustee to continue administering it.
Does resignation require the creditors’ consent?
The text does not require creditor consent to resign, only an accounting to the court.
Who decides on a replacement trustee?
The court.
Amendment History
1936, p. 524; Michie Code 1942, § 5278i; Code 1950, § 55-163; 2019, c. 712.
Source & verification. Section text and amendment history are
reproduced verbatim from the Code of Virginia, published by the
Code of Virginia, Virginia Division of Legislative Automated Systems. Last verified July 16, 2026.
· Official source
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