South Carolina Bankruptcy Exemptions

Real or personal property, including a cooperative, used as residence by debtor or a dependent, OR a burial plot

$56150 (if multiple owners, exemption cannot exceed $112,275/no. of owners)

S.C. Code Ann. § 15-41-30(A)(1)

One motor vehicle

$5,625

S.C. Code Ann. § 15-41-30(A)(2)

Debtor's aggregate interest in any property (unused from other exemptions)

$5,625

S.C. Code Ann. § 15-41 -30(A)(7)

Earnings from personal services

100%

S.C. Code Ann. §15-39-410

Loan value or accrued interest or dividends in unmatured life insurance contract insuring debtor or person of whom debtor is a dependent

$4,500 less nonforfeiture transfers

S.C. Code Ann. § 15-41-30(A)(9)

Unmatured life insurance contract other than credit life

100%

S.C. Code Ann. § 15-41-30(A)(8)

Cash surrender value or proceeds from group life insurance for the benefit of the insured's spouse, children, or dependents

$50,000

S.C. Code Ann. §38-65-90

Accidental disability insurance benefits

100%

S.C. Code Ann. § 38-63-40(D)

Group life insurance benefits

100%

S.C. Code Ann. § 38-63-40(C)

Proceeds and cash surrender value of life insurance policy for the benefit of debtor's spouse or dependents and purchased more than 2 years before filing

100%

S.C. Code Ann. §38-63-40

Fraternal Benefit Association benefits

100%

S.C. Code Ann. §38-38-330

Debtor's right to receive, or property traceable to, payments under life insurance contracts insuring life of person of whom debtor was a dependent on the date of death

Amount reasonably necessary for support for debtor & dependents

S.C. Code Ann. § 15-41-30(A)(12)(c)

Personal, family, or household jewelry of debtor or dependent

$1,125

S.C. Code Ann. § 15-41-30(A)(4)

Personal household furnishings & goods, wearing apparel, appliances, books, animals, crops, or musical instruments of debtor or dependent

$4,500

S.C. Code Ann. § 15-41-30(A)(3)

Debtor's right to receive or property traceable to a crime victim's reparation award or payments on account of bodily injury of debtor or wrongful death or bodily injury of person of whom debtor was or is a dependent

100%

S.C. Code Ann. § 15-41-30(A)(12)(a)

Prescribed health aids of debtor or dependent

100%

S.C. Code Ann. § 15-41-30(A)(10)

Cash & liquid assets of debtor not claiming homestead exemption

$5,625

S.C. Code Ann. § 15-41-30(A)(5)

Peace officers' retirement benefits

100%

S.C. Code Ann. §9-11-270

General Assembly retirement benefits

100%

S.C. Code Ann. §9-9-180

State or municipal retirement system benefits

100%

S.C. Code Ann. § 9-1-1680

Debtor's interest in ERISA-qualified pension plan

100%

S.C. Code Ann. § 15-41-30(A)(14)

Debtor's right to receive Individual Retirement Accounts and Annuities

Amount reasonably necessary for support for debtor & dependents

S.C. Code Ann. § 15-41-30(A)(13)

Retirement system for judges & solicitors

100%

S.C. Code Ann. §9-8-190

Firemen's pension benefits

100%

S.C. Code Ann. §9-13-230

Implements, books, or tools of trade of debtor or a dependent

$1,675

S.C. Code Ann. § 15-41-30(A)(6)

Crime victim's compensation

100%

S.C. Code Ann. § 16-3-1300

Public aid and assistance

100%

S.C. Code Ann. §43-5-190

Workmen's compensation benefits

100%

S.C. Code Ann. §42-9-360

Debtor's right to receive Social Security benefits; unemployment compensation; public assistance benefits; veterans benefits; disability, illness or unemployment benefits; alimony, support or separate maintenance; and certain payments under stock-bonus, pension, profit-sharing, annuity, or similar plans.

100%

S.C. Code Ann. § 15-41-30(A)(11)

Specific partnership property

100% of partner's interest

S.C. Code Ann. § 33-41-720

Debtor's interest in a South Carolina Tuition Prepayment Program plan

100%

S.C. Code Ann. §59-4-40