Steve Harris wrote:

In article ,
(Larry Stoter) wrote:

If a charity becomes bankrupt,
its trustees are personally responsible for the debts.

That's an extremely common misconception. They might just be liable for
some of the debts if they have been dishonest or incredibly stupid. The
situation is a very long way from trustees being automatically liable.

For an example of the Charity Commission dealing with an insolvent
charity,see
http://www.charity-commission.gov.uk...yreports/milex
trainingcentre.asp

Steve Harris - Cheltenham - Real address steve AT netservs DOT com

Nevertheless, ultimately, the trustees are liable. If they can show they
acted in good faith didn't do anything negligent or illegal, then they
are OK. It is, however, more than possible for problems to come back to
the trustees if they have not taken an active interest in the charity
finances. The position of trustee has very real legal responsibilities
and I suspect far too many people take on the role of trustee, regarding
it as some sort of honary position
--
Larry Stoter