My wife and I are doing our best to take care of our debt but with a failing business, it's not looking good. Some debtors are working with us, others are not and won't budge from 35% interest rates and minimum payments we can't afford. We have been able to hold off any legal action so far but the problem is getting worse not better. We may have no choice but to file bankruptcy.
We are in PA, and I found a an exemption when it comes to the Homestead. It states that their is no exemption, however, property held as tenancy by the entirety may be exempt against debts owed by only one spouse
Most of the debt is in my wifes name. Does this mean that if she files bankruptcy for the debt that is in her name that we would be able to keep the house?

