Contrary to popular belief, there is no such thing as a joint Trust Deed. A Trust Deed is an agreement between an individual and their creditors. If you have joint debts with your partner (or someone else) and you both enter into individual Trust Deeds, the joint debts will be included in each Trust Deed for the whole balance. For example, if you have a joint loan of £10,000 with your partner, then £10,000 will appear as a creditor in your Trust Deed and £10,000 will also appear as a creditor in your partner’s Trust Deed.
If you have joint debts with your partner but only you are entering into a Trust Deed, you should be aware that the joint creditors can pursue your partner for the full amount of the debt, despite the balance being included in your Trust Deed. You should therefore consider if your partner can afford to repay the debt in full and, if not, whether they need to think about taking separate advice in relation to their debts.