Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
In order to get rid of the personal and business debts, you'll have to file bankruptcy individually and for the business.
Your spouse doesn't have to file, but any debts she has (individually or jointly with you) will not be discharged - she'll still owe them.
No, not necessarily.
If your business is not incorporated (Inc., LLC, etc.), you can file one bankruptcy as XXXXX XXXXX, Individually and dba Smith Company.