Legal Question in Credit and Debt Law in Pennsylvania

tenancy by the entireties

I'm from Pa. My credit card debt is $67,000. The debts are in my name only. My husband has excellent credit. Our house is paid for and in both of our names. We have 3 vehicles all in husbands name. My income is from SSD and disability pension. My question is what happens if I just quit paying them? I had the credit cards before I became disabled. The debts were incurred after I became disabled. I spoke with an atty. He said they could not put a lein against the house because of ''tenancy by the entireties'' law in Pa. He also said the SOL for a creditor to collect in Pa is 6 yrs. I am so confused!!! I looked up Pa's SOL to collect on a debt (6yrs). but what about a judgement? It says 10 yrs and renewable. What does this mean? Does this mean they can hold the debt over you for the rest of your life? We would like to sell the house and move to Florida due to health reasons. The atty I spoke with said that would not change anything and as long as my husband was still alive 6 years from now they would have no grounds to collect due to SOL. Any one have any knowledge of Pa credit laws? I would appreciate any input. Thanks


Asked on 3/16/05, 6:54 pm

1 Answer from Attorneys
Mark Johns Mark Johns, Esquire

Re: tenancy by the entireties

You need to speak with an ttorney. If the value of your home is less than a certain amount a chapter 7 now, before the new laws become efffective might be the best bet. Of course Florida has a homestead exemption which would serve just as well and could do the trick. I offer free consultations.

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Answered on 3/16/05, 7:36 pm


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