Hi weebill.

Your trust deeds are separate, it's not for your wife to repay your debts with her extra income.

Joint debts can seem a bit odd, but you both individually owe the full £10,000.

what do you meen wee we both owe 10000,thats not possible if the debt is only 10000,are you really trying to help me or being akward.sorry for fealing this way.

What TDA means is that you are both joint and severally liable for the debt, its not as simple as you both owe half the amount, you both owe the total amount together.

Hi
I don't think TDA was trying to seem awkward here, just pointing out that if it was a joint account then both of you are responsible for the whole 10,000. So if for example one of you came into enough money to repay it all then that's what they would be expected to pay. Not half of it.

Tonyd

Unfortunately it's one of those things we need to do. You can have 2 trust deeds and one joint debt for £20k. Unfortunately the statement of debt needs to show £20k against each, although the total debt is £20k

Mark

My job's to answer the questions weebill. Why would I want to be awkward?

I'm sorry if the answer isn't what you were hoping to hear. As the others have further explained, you're each fully responsible for the £10,000 owed on a joint account with that balance.

As I explained previously, I appreciate that this can seem a bit odd.

I'm an example of where jointly and severally liable comes into play. My ex and I were both in trust deeds that include a few joint debts. I am almost through my TD and will no longer be liable for the debts. My ex has decided not to pay into her TD. She has been discharged by her trustee and the creditors are now pursuing her for the full amount of the joint debts.