3 responses

  1. Bankruptcy Lawyers Springfield MO
    March 3, 2013

    I agree. DO NOT PANIC if you get an execution letter from the Sheriff. It doesn’t mean that you’ll lose your property right away. What people can do in this kind of situation is consult a good lawyer so they’ll know what to do.

    Reply

  2. shemi
    September 2, 2015

    In South Carolina, homestead exemption is only automatic if you file for bankruptcy. You have to be 65 years of age the preceding tax year to quality, disabled, or blind . My spouse would like to use age which he can’t until next year. He turned 65 this year, filed for homestead exemption, and was told it would be active December 31 of next year. Also, Is there any other exemption to use until your homestead exemption kicks in?

    Reply

    • Russell DeMott
      Russell DeMott
      November 22, 2015

      You are confusing your property tax “homestead exemption” with your Title 15 homestead exemption. Title 15 exemptions (commonly called “homestead exemptions,” particularly with 15-41-30(A)(1) which provides an exemption in the debtor’s homestead, are totally different. Title 15 exemptions (and other similar exemptions in the statute) protect property from being taken by a creditor to satisfy a debt. And no, the homestead is not “automatic if you file bankruptcy.” Title 15 exemptions apply whether or not you file bankruptcy. Hope this helps.

      Reply

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