I have car fmv at $ 4575 and motorcycle fmv at $ 2310. I am "collection proof" regarding all other assets.
Yes. You are allowed $6000 for motor vehicles, which you can split. $4575 on the car, leaving $1425 for the motor cycle. Then you are right that the Virginia "homestead deed" can cover the rest of the bike.
Since your assets are all exempt, you might consider savings money to file a Chapter 7 bankruptcy, which would get you back to good credit far faster than anything else you can do.
You can use the auto exemption for the car and the wildcard or catchall provision for the motorcycle. The homestead exemption does not apply.
