South Carolina Bankruptcy Laws

Find a South Carolina Bankruptcy Attorney

If you live in South Carolina and are thinking of filing bankruptcy a South Carolina bankruptcy attorney will cover all of your choices with you.

Learn, with the help of a South Carolina bankruptcy attorney, whether filing Chapter 7 or Chapter 13 bankruptcy is the right path for you.

For an appointment with a local South Carolina bankruptcy attorney simply fill out the form on this page.

Bankruptcy Law and South Carolina Exemptions

In your first appointment with your South Carolina bankruptcy attorney you will go over all of the major differences from Chapter 7 and Chapter 13 bankruptcy.

During this appointment your South Carolina bankruptcy attorney will ask you many personal finance questions or provide you with a profile sheet to list certain financial details. The answers you provide will help you and your attorney in deciding if filing Chapter 7 or Chapter 13 bankruptcy is the correct path for you.

Chapter 7 bankruptcy is also termed liquidation as the bankruptcy trustee may choose to sell or auction non-exempted property (see State Exemptions list below).

However, in most of Chapter 7 bankruptcy cases, the person filing bankruptcy does not own non-exempt property, so this would not apply to a large amount of filings. If you do not own much property or have many assets Chapter 7 bankruptcy may be the best choice, since you are allowed to discharge most unsecured debt.

In advance of filing Chapter 7 bankruptcy please go over your finances with a South Carolina bankruptcy attorney to figure out exactly how much property may be exempt from liquidation.

Filing for bankruptcy?

get an appointment

Talk to your local bankruptcy lawyer now!

South Carolina State Exemptions

Homestead

$50,000 for your homestead. Up to $100,000 if there are multiple property owners.

Wages

100 percent of earnings for personal services.

Automobiles

$5,000 for one motor vehicle.

Personal Property

1. Up to $4,000 for household furnishings, good, clothing, appliances, books, animals, crops and musical instruments.
2. $1,000 in jewelry.
3. $5,000 for cash and other liquid assets.
4. $1,500 for any implements, professional books or tools of the trade.
5. $5,000 for any property if you are not taking a homestead exemption.
6. 100 percent of all professionally prescribed health aids.

Chapter 13 Bankruptcy is also known as “reorganization”. Those filing Chapter 13 may own more property and by filing Chapter 13 may also keep most of their assets.

In Chapter 13 bankruptcy, the debtor prepares a proposal for a repayment plan for a term of 3 to 5 years, which must be approved by a bankruptcy court. This agreement allows the debtor to repay outstanding bills.

Speak With a South Carolina Bankruptcy Attorney Today

Have you ever foreseen filing bankruptcy in South Carolina but have not because you did not know where to start or felt the process was too detailed for you?

To address all concerns about bankruptcy laws, a South Carolina bankruptcy attorney will be able to take you through the bankruptcy process in common sense terms. When you visit with a South Carolina bankruptcy attorney you will also be able to have many of your questions and concerns answered in the first meeting.

Toss the stress out of finding a South Carolina bankruptcy attorney your self. Just fill out our bankruptcy questionnaire on this page and we will direct you to a South Carolina bankruptcy attorney in your area.

Note: This is not legal advice. All bankruptcy laws in any state need the consult of a bankruptcy attorney licensed in that state. Consult a local attorney if you are seeking legal advice. Some or all bankruptcy laws may have changed since this page was created.

South Carolina Bankruptcy Attorneys are in these areas:

ADAMS RUN, ALCOLU, ANDREWS, AWENDAW, BALLENTINE, BAPTIST MEDICAL CENTER, BATESBURG, BEAUFORT, BETHERA, BLUE CROSS BLUE SHIELD OD SC, BLUFFTON, BLYTHEWOOD, BONNEAU, BOWLING GREEN, BRUNSON, CADES, CANADYS, CAPITOL, CARLISLE, CATAWBA, CAYCE, CAYCE-WEST COLUMBIA, CENTENARY, CENTRAL, CHAPIN, CHAPPELLS, CHARLESTON, CHARLESTON AFB, CHESTER, CITY OF COLUMBIA, CLEMSON, CLOVER, COLUMBIA, COOSAWHATCHIE, CORDESVILLE, COTTAGEVILLE, COWARD, CROCKETVILLE, CROSS, DALE, DARLINGTON, DAUFUSKIE IS, DAVIS STATION, DORCHESTER, EARLY BRANCH, EASLEY, EASTOVER, EDGEMOOR, EDISTO ISLAND, EFFINGHAM, ESTILL, FLORENCE, FOLLY BEACH, FORT LAWN, FORT MILL, FURMAN, GABLE, GADSDEN, GARNETT, GASTON, GEORGETOWN, GIFFORD, GILBERT, GOOSE CREEK, GREAT FALLS, GREELEYVILLE, GREEN POND, GRESHAM, GROVER, HAMPTON, HANAHAN, HARDEEVILLE, HARLEYVILLE, HARTSVILLE, HEATH SPRINGS, HEMINGWAY, HICKORY GROVE, HILTON HEAD, HILTON HEAD ISLAND, HOLLYWOOD, HOPKINS, HUGER, IRMO, ISLANDTON, ISLE OF PALMS, JACKSONBORO, JAMESTOWN, JOHNS ISLAND, JOHNSONVILLE, KINARDS, KINGSTREE, LADSON, LADYS ISLAND, LAKE CITY, LAMAR, LANCASTER, LANDO, LANE, LEESVILLE, LEXINGTON, LIBERTY, LITTLE MOUNTAIN, LOBECO, LOCKHART, LODGE, LYDIA, MANNING, MARION, MC CLELLANVILLE, MC CONNELLS, MILEY, MONCKS CORNER, MOUNT PLEASANT, MOUNT PLEASANT, MT PLEASANT, MULLINS, MURRELLS INLET, NESMITH, NEW ZION, NEWBERRY, NORRIS, NORTH CHARLESTON, OKATIE, OLANTA, PAMPLICO, PAWLEYS ISLAND, PEAK, PELION, PICKENS, PINELAND, PINEVILLE, PINEWOOD, PINOPOLIS, POMARIA, PORT ROYAL, PROSPERITY, RAINS, RAVENEL, REEVESVILLE, RICHBURG, RIDGELAND, RIDGEVILLE, ROCK HILL, ROUND O, RUFFIN, RUSSELLVILLE, SAINT GEORGE, SAINT HELENA ISLAND, SAINT STEPHEN, SALTERS, SARDINIA, SCOTIA, SCRANTON, SEABROOK, SHARON, SHELDON, SILVERSTREET, SIX MILE, SMOAKS, SMYRNA, SOCIETY HILL, STATE PARK, SULLIVANS ISLAND, SUMM, SUMMERTON, SUMMERVILLE, SUNSET, SWANSEA, TILLMAN, TIMMONSVILLE, TURBEVILLE, VAN WYCK, VARNVILLE, WADMALAW ISLAND, WALTERBORO, WEST COLUMBIA, WHITE ROCK, WILLIAMS, YEMASSEE, YORK

Get a Free Assessment today! You have nothing to lose