Discharge Repossessions

• Repossessions can be completely eliminated (“discharged”) in Chapter 7.
• In Chapter 13, past repossessions must be paid starting at 1%. Increases may apply based on your income and assets.
• Creditors who repossess, generally, cannot garnish your wages in South Carolina if they get a judgment.
  • There may be an exception if you lived in another state when the creditor gets the judgment and then move here or if you currently work in another state.
• Judgments, which last for ten years, may become a lien on real estate and may cause a creditor to attempt foreclosure or seizure your “non-exempt” assets.