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 Joint debts on SOA

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T O P I C    R E V I E W
Sparkle83 Posted - 01 March 2009 : 10:25:48
I read on another post that each personal in a joint debt is liable for the ful amount. So on the SOA, am I putting 5,520 from barclays on each of our forms, even though we owe 5,520 in total between us (joint names on the debt)
2   L A T E S T    R E P L I E S    (Newest First)
Sparkle83 Posted - 01 March 2009 : 15:15:03
thanks, thats gonna make it much easier for me to fill in :D
John Posted - 01 March 2009 : 13:11:41
Hio

spot on sparkle, the examiner will need to know each of your liabilities and you are both liable for the full amount on a joint debt.
They will establish it is a joint acct and that both account holders have declared bankruptcy on the same account number and thus deduce it is one and the same debt.

John White
England Jackman & Spacey

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