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Key Votes

H 3816 - Bankruptcy Exemptions - Key Vote

South Carolina Key Votes

Roland Smith voted Nay (Override of Veto) on this Legislation.

Read statements Roland Smith made in this general time period.

Stages

Family

Issues

Stage Details

Legislation - Veto Override Passed (Senate) (45-0) -
Legislation - Veto Override Passed (House) (78-26) - (Key vote)

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).
Legislation - Vetoed (Executive) -

Title: Bankruptcy Exemptions

Legislation - Bill Passed (Senate) -
Legislation - Bill Passed (House) -
Legislation - Introduced (House) -

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.

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