Va. Code § 11-11
Current with changes from the 2024 legislative session through ch. 845
When such compounding or compromise is made, the contract or obligation shall be credited with a full share of the party released, except where the compounding or compromise is with a surety or cosurety, and in that case, as between the creditor and principal, the credit shall be for the sum actually paid by the compounding debtor.
Va. Code § 11-11