Filing bankruptcy in sc

Each state has its own rules about exemptions when debtors file for Chapter 7 or Chapter 13 bankruptcy. Exemptions are what property is safe from the bankruptcy process and creditors. Typical exemptions are things such as homes, cars, insurance policies and retirement accounts. South Carolina law requires that a debtor use specific exemptions laid out in state law. Exemptions have to be claimed at the time of filing for bankruptcy or you may forfeit their protection.

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