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South Carolina Exemptions

   

Federal supplemental exemptions can be used in conjunction with your South Carolina exemptions and can be viewed here.

Also see South Carolina bankruptcy forms.

ASSET

EXEMPTION DESCRIPTION

LAW SECTION

Homestead

Real property, including co-op, to $5000 (joint owners may double)

15-41-30(1)

Insurance

Accident & disability benefits

Benefits accruing under life insurance policy after death of insured, where proceeds left with insurance company pursuant to agreement; benefits not exempt from action to recover necessaries if parties so agree

Disability or illness benefits

Fraternal benefit society benefits

Life insurance avails from policy for person you depended on to $4000

Life insurance proceeds from policy for person you depended on, needed for support

Proceeds & cash surrender value of life insurance payable to beneficiary other than insured’s estate expressly intended to benefit spouse, children or dependents of insured unless purchased within 2 years of filing

Proceeds of group life insurance

Proceeds of life insurance or annuity contract

Unmatured life insurance contract, except credit insurance policy

38-6304(D)

 

 

38-63-50

15-41-30(10) ( C)

38-38-330

15-41-30(8)

15-41-30(11) ( C)

 

 

38-63040(A)

38-6340( C)

38-63040(B)

15-41-30(7)

Miscellaneous

Alimony, child support

Property of business partnership

15-41-30(10) (D)

33-41-720

Pensions

ERISA-qualified benefits

Firefighters

General assembly members

Judges, solicitors

Police officers

Public employees

15-41-30(10) (E)

9-13-230

9-9-180

9-8-190

9-11-270

9-1-1680

Personal Property

Animals, crops, appliances, books, clothing, household goods, furnishings, musical instruments to $2500 total

Burial plot to $5000, in lieu of homestead (joint owners may double)

Cash & other liquid assets to $1000, in lieu of burial or homestead exemption

Health aids

Jewelry to $500

Motor vehicle to $1200

Personal injury recoveries

Wrongful death recoveries

15-41-30(3)

15-41-30(1)

15-41-30(5)

15-41-30(9)

15-41-30(4)

15-41-30(2)

15-41-30(11) (B)

15-41-30(11) (B)

Public Benefits

Crime victims’ compensation

Local public assistance

Social security

Unemployment compensation

Veterans’ benefits

Workers’ compensation

15-41-30(11) (A)

16-3-1300

15-41-30(10) (A)

15-41-30(10) (A)

15-41-30(10) (A)

15-41-30(10) (B)

42-9-360

Tool of Trade

Implements, books & tools of trade to $750

15-41-30(6)

Wages

None

 

Wild Card

None

 

 

 


     

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