My question involves collection proceedings in the State of: South Carolina
I owe a few credit card companies between $750 and $10,000 each. (The $10,000 one is split up between two cards from the same company.)
I own a house 50/50 with my husband as tenants-in-common. The house is worth $102,000, and we owe about $62,000 on the mortgage. So, as I understand it, we each have about $20,000 equity.
All of my other assets are probably pretty worthless when depreciation is considered.
My income consists of SSI, SSDI, monthly ACH deposits from a company for whom I work as an independent contractor, and sporadic payments via personal checks from people and companies I do projects for occasionally.
Our budget is very tight, but I'm willing to bet a judge might deem some of our spending unnecessary.
So, my main questions are:
1) Can a creditor touch my house in any way? (If so, how?) Or does SC's homestead exemption laws protect it from my creditors?
2) Can a creditor touch my bank account? (If so, which parts of my income can they take?)
3) Can a creditor wait around for me to build more equity in the house and then take the house? If so, how long can they wait?

