South Carolina Bankruptcy Attorneys
If you're suffering because of high debt, explore all of your relief options. The first step many people take in fighting their debt is consulting a South Carolina bankruptcy attorney.
Bankruptcy is one of the only debt relief option that provides you with legal protection against lawsuits, repossession, foreclosure and creditor harassment.
The South Carolina bankruptcy laws also include special provisions that may allow you to protect your property.
But the most important part of bankruptcy is what it may help you accomplish: a fresh, debt-free start to your financial life.
Regardless of your debt situation or what caused it - from temporary job loss to slowly falling behind on payments - bankruptcy may address your needs and help you get rid of your debt.
Start the process of potentially eliminating your debt today by contacting a local South Carolina bankruptcy attorney. Call us at 877-349-1309 or complete the free case evaluation form on this page and we'll connect you for free.
South Carolina Bankruptcy Laws and You
When you file for bankruptcy in South Carolina, you and your property may be protected by the "automatic stay" provision.
This court order puts a halt to all lawsuits, foreclosures and repossessions as a judge examines your case.
If you choose to file Chapter 13, most or all of your possessions may be protected. If you file Chapter 7 bankruptcy, some of your property may be sold to cover your debts. However, you are allowed many exemptions, which protect your property from liquidation.
Here are a few of the exemptions that might be available to you under South Carolina bankruptcy law:
Homestead: $50,000 for your homestead. Up to $100,000 if there are multiple property owners.
Wages: 100 percent of earnings for personal services.
Vehicles: $5,000 for one motor vehicle.
Personal Property:
- Up to $4,000 for household furnishings, good, clothing, appliances, books, animals, crops and musical instruments.
- $1,000 in jewelry.
- $5,000 for cash and other liquid assets.
- $1,500 for any implements, professional books or tools of the trade.
- $5,000 for any property if you are not taking a homestead exemption.
- 100 percent of all professionally prescribed health aids.
For detail about how the laws in South Carolina may reform your debt while protecting your property, speak with a local bankruptcy attorney.
Note: Keep in mind all laws are complex. If you need legal advice or want to fully understand how these laws affect you, please speak with a local attorney.
Laws may have changed since our last update. For the latest information on your state's bankruptcy laws, speak to a local bankruptcy lawyer.