South Dakota Bankruptcy Overview
South Dakota offers bankruptcy protections including an unlimited homestead exemption on qualifying property. South Dakota does not allow you to choose federal exemptions.
2026 South Dakota Median Income
| Household Size | Annual Median Income |
|---|---|
| 1 Person | $62,825 |
| 2 People | $78,714 |
| 3 People | $94,547 |
| 4 People | $114,825 |
South Dakota Exemptions
Homestead Exemption: Unlimited
South Dakota protects unlimited value on up to 1 acre in a town or 160 acres elsewhere. Like Texas and Florida, South Dakota offers one of the most protective homestead exemptions in the nation.
Vehicle Exemption: $6,000
South Dakota allows you to protect up to $6,000 of equity in one motor vehicle.
Personal Property
- Household Goods: Up to $6,000 for appliances, furniture, and furnishings
- Books and Tools: Up to $3,000 for books and musical instruments
- Retirement: Unlimited for qualified plans
Unlimited Homestead: South Dakota's unlimited homestead exemption is one of only a few in the nation, providing exceptional protection for homeowners on qualifying acreage.
South Dakota Bankruptcy Court
Sioux Falls: 400 South Phillips Avenue, Sioux Falls, SD 57104
Cost of Filing
Attorney fees in South Dakota: $950-$1,600 for Chapter 7; $2,600-$3,900 for Chapter 13.
Disclaimer: Consult with a licensed South Dakota bankruptcy attorney for advice specific to your situation.