Count. According to Article 1064 of the Civil Code, the debt of husband and wife is a debt incurred to meet the needs of husband and wife. The main purpose of parents' loan in the name of their children is to meet the needs of husband and wife. Loans made by parents in the name of their children belong to the debts of husband and wife. Loans are groups that banks and other financial institutions lend money to. Interest and repayment date were agreed when borrowing money.