South Dakota State Bankruptcy Exemptions
Laws That Keep Your Creditors' Hands Off Your Property
Exemptions are laws passed by every state that allow you to protect certain
types of your property from your creditors when you file bankruptcy-such as
your home, car, pensions and IRAs, motor vehicles, clothing, tools, and other
important property. South Dakota law provides a number of exemptions that
protect your property, and your attorney will be able to advise you on which
exemptions are best for you.
Homestead
100 percent of homestead is exempt.
Wages
100 percent of 60 days earnings if needed to support family; otherwise,
80 percent or 40 times the federal minimum wage whichever is greater.
Automobiles
No specific automobile exemption.
Other Property
All family pictures; church pews and burial lots; $200 in all books; all
clothing; all food and fuel; $6,000 in personal property of any kind for
the debtor.
Note: Exemptions may have changed since our last update. For the latest updates on these property exemptions, speak to a local bankruptcy lawyer.
» Read the complete South Dakota
bankruptcy exemptions here
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