South Carolina Bankruptcy Exemption Information
A bankruptcy trustee has the responsibility of evaluating debtors' assets to judge whether or not any of them can be liquidated to help pay back creditors. To learn about some of the most commonly claimed South Carolina bankruptcy exemptions, check our convenient quick reference guide.
Homestead
$5,000 homestead exemption ($10,000 if multiple owners).
Wages
100 percent of earnings for personal services.
Automobiles
$1,200 in one motor vehicle.
Other Property
$2,500 in household furnishings, goods, clothing, appliances, books,
animals, crops, or musical instruments;$500 in jewelry; cash and other
liquid assets totaling $1,000; $750 in any implements,
professional books, or tools of the trade; all professionally prescribed health
aids.
Note: Exemptions may have changed since our last update.
» Read the complete South Carolina
bankruptcy exemptions here
» Click Here to read the Federal bankruptcy
exemptions.
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