South Carolina Bankruptcy Exemptions
Homestead
15-41-30 - Real property, personal property used as homestead, or co-op, up
to $5,000.
Personal Property
15-41-30 - Motor vehicle up to $1,200; clothing, household goods,
furnishings, appliances, books, musical instruments, animals and crops up to
$2,500 total; jewelry up to $500; health aids; personal injury and wrongful
death recoveries; .
15-41-30 - IN LIEU OF Homestead: Burial plot up to $5,000.
15-41-30 - IN LIEU OF Homestead AND BURIAL PLOT Cash and other liquid assets
up to $1,000.
59-2-140 - College investment program trust fund.
Pensions
11 U.S.C. § 522 - Tax exempt retirement accounts; Traditional and Roth IRAs
up to $1,095,000 per person.
9-1-1680 - Public employees.
9-8-190 - Judges and solicitors.
9-9-180 - General assembly members.
9-11-270 - Police officers.
9-13-230 - Firefighters.
15-41-30 - ERISA-qualified benefits; Roth IRAs and IRAs needed for support.
Public Benefits
15-41-30 - Unemployment compensation; Social Security; veterans' benefits;
local public assistance; crime victims' compensation.
42-9-360 - Workers' compensation.
43-5-190 - General relief; aid to blind, aged, and disabled.
Tools of Trade
15-41-30 - Tools, books, and implements of trade up to $750 total.
Alimony and Child Support
15-41-30 - Alimony and child support.
Insurance
15-41-30 - Unmatured life insurance contract (but a credit insurance policy
is not exempt); disability or illness benefits; life insurance proceeds from
a policy for a person you depended upon which is needed for support; life
insurance dividends, interest, loan, cash, or surrender value from a policy
for a person you depended upon up to $4,000.
38-38-330 - Fraternal benefit society benefits.
38-63-40 - Accident and disability benefits; Group life insurance proceeds'
cash value not to exceed $50,000; Life insurance proceeds for a spouse or
child if purchased 2 years before filing for bankruptcy.
38-63-50 - Life insurance proceeds if policy prohibits use to pay creditors.
Miscellaneous
33-41-720 - Business partnership property.