South Carolina Bankruptcy Exemptions

South Carolina Exemption Notes

OPT OUT STATUS:

Can I use the §522(d) Federal Bankruptcy Exemptions in South Carolina?

No. S.C. Code Ann. § 15-41-35.

KEY EXEMPTIONS:

Homestead

Real property, including co-op, to $67,100 (joint owners to 134,200)

Motor Vehicle

Motor vehicle to $6,700

Wildcard

Up to $6,700 for any property, from unused exemptions amounts for homestead, burial, motor vehicle, personal property, jewelry or tool of trade exemptions.

Personal Property

Jewelry to $1,350
Animals, crops, appliances, books, clothing, household goods, furnishings, musical instruments to $5,375 total
Burial plot to $67,100, in lieu of homestead (joint owners may double)
Cash & other liquid assets to $6,700, in lieu of burial or homestead exemption
Implements, books, & tools of trade to $2,025

See Also:
Insurance, Pensions, Public Benefits, Tools of Trade, Wages & Miscellaneous
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