WAGE GARNISHMENT EXEMPTION: 100 percent of wages exempt
MAXIMUM INTEREST RATE: Legal: 8.75% Judgment: 12%
STATUTE OF LIMITATIONS ON ENFORCEMENT:
Open Account (credit card): 3 years
Written Contract: 3 years
Domestic Judgment: 10 years
Foreign Judgment: 10 years
BAD CHECK LAW DAMAGES: Amount of check plus reasonable collection costs and damages up to $500 or three times check amount, whichever is smaller
BANKRUPTCY PROPERTY EXEMPTIONS (Code of Laws of South Carolina):
The State of South Carolina has exempted the property and income below from seizure by the bankruptcy court to pay creditors:
Real Property: Real property used as residence up to $5,000 [15-41-30(1)]
Personal Property: Animals, crops, books, clothing, furnishings and household goods, appliances, musical instruments up to $2,500 total [15-41-30(3)]; burial place to $5,000 if real estate exemption is not used [15-41-30(1)]; cash to $1,000, in lieu of burial or homestead exemption [15-41-30(5)]; implements, books and tools of trade to $750 [15-41-30(6)]; jewelry to $500 [15-41-30(4)]; motor vehicle to $1,200 [15-41-30(2)]; personal injury and wrongful death recoveries, unlimited amount [15-41-30(11)(B); health aids, unlimited amount [15-41-30(9)]
Insurance / Annuities: Disability, illness or unemployment benefits, unlimited amount [15-41-30(10)(C)]; fraternal society benefits, unlimited amount [38-37-870]; life insurance benefits if proceeds left with insurance company [38-63-40]; life insurance proceeds up to $4,000 [15-41-30(8) and 15-41-30(11)(C)]; unmatured life insurance contract, unlimited amount [15-41-30(7)]
Pensions / Retirement Plans: Public employees, unlimited amount [9-1-1680]; judges, solicitors, unlimited amount [9-8-190]; general assembly members, unlimited amount [9-9-180]; police officers, unlimited amount [9-11-270]; firefighters, unlimited amount [9-13-230]; retirement benefits, unlimited amount [15-41-30(10)(E)]
Public Benefits / Entitlements: Unemployment compensation, unlimited amount [15-41-30(10)(A); workers' compensation, unlimited amount [42-9-360]; crime victim's compensation, unlimited amount [15-41-301(11)(A) and 16-3-1300]; aid to aged, blind, disabled and families with dependent children, and general assistance, unlimited amount [43-5-190]; local public assistance, unlimited amount [15-41-30(10(A)]; social security, unlimited amount [15-41-30(10)(A)]; veterans' benefits, unlimited amount [15-41-30(10)(B)]
Wages: Generally, none. Earnings from personal service are exempt [15-39-410]
Miscellaneous: Alimony, child support, unlimited amt. [15-41-30(10)(D)]; bus. partnership property, unlimited amt. [33-41-720]
