South Carolina Bankruptcy Exemptions

Homestead

15-41-30 - Real property, personal property used as homestead, or co-op, up to $50,000.

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 needed for support.

15-41-30 - IN LIEU OF Homestead: Burial plot up to $50,000.

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.

Other - Add any applicable Federal Nonbankruptcy Exemptions

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