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Home > Consumer Laws > Bankruptcy > South Carolina Bankruptcy

South Carolina Bankruptcy

South Carolina Bankruptcy Exemption
Homestead:
Personal property including home in a cooperative, used as residence by debtor or a dependent including a burial plot up to the extent of $ 5000 Or $ 10,000 for joint filers. $ 1000 cash or liquid assets for the person not claiming homestead exemption.

Automobile:
One Motor Vehicle exempted up to the extent of $ 1,200.

Household Goods:
Wearing apparel, appliances, pets, books, musical instruments or crops up to the extent of $ 2,500.

Jewelry:
Personal or household jewelry of the debtor and dependent are exempted up to the extent of $ 500.

Benefits out of Unmatured Life Insurance:
Dividends, Accrued Interest, Loan value of unmatured life insurance contract insuring debtor or person dependent of the debtor up to the extent of $ 4,000.

Total or Absolute Exemptions for:
  • Prescribed health aids of debtors or dependent.
  • ERISA qualified pension plan benefits.
  • Earnings from personal services.
  • Fraternal Benefits and Personal Benefits.
  • Workmen's compensation Benefits.
  • State Retirement System Benefits.
  • General Assembly Retirement Benefits.
  • Firemen's Pension Benefits.
  • Specific Partnership Property
 
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