What is the bankruptcy homestead exemption and how can it help me?

The bankruptcy homestead exemption is a state exemption that allows bankruptcy filers to protect the equity in their home. Without the exemption, a Chapter 7 trustee can take the debtor’s home and a Chapter 13 Trustee could demand a payment that covered the equity in the house. Up until 2007, South Carolina had one of […]

What is the bankruptcy homestead exemption and how can it help me?

The bankruptcy homestead exemption is a state exemption that allows bankruptcy filers to protect the equity in their home. Without the exemption, a Chapter 7 trustee can take the debtor’s home and a Chapter 13 Trustee could demand a payment that covered the equity in the house. Up until 2007, South Carolina had one of […]