South Carolina Bankruptcy Laws

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: