Friday, June 28, 2024
Pursuant to S.C. Code § 15-41-30(B), the property exemption amounts for bankruptcy proceedings must be adjusted for inflation in each even-numbered year. The table below represents the dollar value for each exemption provided in S.C. Code § 15-41-30(A) that will take effect on July 1, 2024:
|
Subsection of 15-41-30(A) |
Amount Specified as of May 22, 2008 |
Adjusted for Inflation effective July 1, 2024 |
|
1 |
$50,000 $100,000 |
$76,125 $152, 250 |
|
2 |
$5,000 |
$7,600 |
|
3 |
$4,000 |
$6,100 |
|
4 |
$1,000 |
$1,525 |
|
5 |
$5,000 |
$7,600 |
|
6 |
$1,500 |
$2,275 |
|
7 |
$5,000 |
$7,600 |
|
8 |
Unspecified |
|
|
9 |
$4,000 |
$6,100 |
|
10 |
Unspecified |
|
|
11 |
Unspecified |
|
|
12 |
Unspecified |
|
|
13 |
Unspecified |
|
|
14 |
Unspecified |
|
|
15 |
$3,000 |
|