H 3816 - Bankruptcy Exemptions - South Carolina Key Vote
Leon Stavrinakis voted Yea (Override of Veto) on this Legislation.
Timeline
- Senate Veto Override Passed
- May 22, 2008
- House Veto Override Passed
- May 21, 2008
- Executive Vetoed
- May 14, 2008
- Senate Bill Passed
- May 6, 2008
- House Bill Passed
- Feb. 8, 2008
- Introduced
- March 29, 2007
Related Issues
Stage Details
Title: Bankruptcy Exemptions
Vote Smart's Synopsis:
Vote to pass a bill that increases how much property, cash, and other assets that debtors can keep in the case of debt collection.
Highlights:
- Allows debtors to keep motor vehicles valued at up to $5,000 (Sec. 1). - Allows debtors to keep household furnishings, goods, apparel, appliances, books, animals, crops, or musical instruments worth up to $4,000 in aggregate value (Sec. 1). - Allows debtors to keep jewelry worth up to $1,000 in aggregate value (Sec. 1). - Allows debtors to keep cash and other liquid assets worth up to $5,000 in aggregate value (Sec. 1). - Allows debtors to keep professional books or tools of the trade worth up to $1,500 in aggregate value (Sec. 1). - Allows debtors to keep property worth up to $5,000 of an unused exemption amount to which the debtor is entitled (Sec. 1). - Requires that dollar amounts be adjusted for inflation beginning on July 1, 2008, and every two years thereafter (Sec. 1).
Title: Bankruptcy Exemptions
Title: Bankruptcy Exemptions
Vote Smart's Synopsis:
Vote to pass a bill that increases how much property, cash, and other assets that debtors can keep in the case of debt collection.