Business

New law better protects borrowers

A new state law is allowing South Carolina residents to protect more of their personal property from creditors.

More debtors can now keep cars, cash and other valuables if sued by creditors or if they file for protection in U.S. Bankruptcy Court. The biggest changes are in car value, now $5,000 instead of $1,200, and in cash, up to $5,000 from $1,000, that borrowers can keep if they have bad debt judgment.

  Public service agency names new officer

Swain E. Whitfield of Blythewood will begin service on the S.C. Public Service Commission on July 1.

Whitfield was elected as an at-large representative by the S.C. General Assembly. He is president of Whitfield Transportation, a Winnsboro transportation brokerage and trucking company. The commission regulates investor-owned utilities that provide electricity, water, natural gas, sewer and transportation services.

Compiled by Noelle Phillips

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