Bankruptcy by State
Bankruptcy in South Carolina
How South Carolina's bankruptcy exemptions, Chapter 7 income limits, and filing volume compare to the rest of the country.
Homestead exemption
$76,125
#20 of 51
Vehicle exemption
$7,600
#8 of 51
Median income (1 person)
$64,808
Chapter 7 means-test threshold
Annual filings
5,283
Year 2025
South Carolina vs. national medians
National medians are calculated across all 51 states plus the District of Columbia. Ranks run from #1 (highest) to #51 (lowest). Where a state publishes a range or a conditional amount, the exemption is shown in full and ranked by its guaranteed minimum.
| Metric | South Carolina | National median | Rank |
|---|---|---|---|
| Homestead exemption | $76,125 | $90,000 | #20 of 51 |
| Motor vehicle exemption | $7,600 | $7,250 | #8 of 51 |
| Median income (1-person household) | $64,808 | $71,745 | #42 of 51 |
| Median income (4-person household) | $116,314 | $126,058 | #38 of 51 |
| Annual bankruptcy filings | 5,283 | 8,707 | #31 of 51 |