Help! DMP and being a charity trustee

lemoncheesecake

Wondering if someone could help me. It says in guidance from the charity commission that you cannot be a trustee is you have made a composition or arrangement with creditors. I was wondering if anyone could tell me if this includes being on a DMP?

If it does prevent this I wondered if I could ask some advice? We have a joint DMP with payplan but the debts themselves aren't in joint names ie some in my husbands and some in mine. Only 1 of mine is included and that amounts to £600 ish the remainder are in my husbands name.

I really want to become a trustee for a local womens shelter so if the DMP prevents me I was thinking that I could pay off the £600 which would essentially leave me debt free (except mortgage which we are ok with). As soon as I paid this debt off would that leave me ok to be a charity trustee and what would I do about the joint DMP - presumably we could just have my name taken off it and it contiune in OH name (intend to still be paying this!)

Does anyone have any thoughts/ help/ suggestions?? Was going to wait to see if I were interveiwed before paying off my debt but wanted to check the legalities and make sure all is above board. Also don;t want to pay it off if not going to be a trustee as money coming from an emergency fund that we struggled to get together but the womens shelter is something I feel strongly about.

Thanks
LC

DarkConvict

Not come across this before, howver;

An arrangement with creditors is paying below the mininum contractual payments, so yes a DMP would be an informal arrangement.

In which case I think you would need to pay off the debt and get the DMP in a single name, as it would be likely to affect it.