Gwen Lightfoot
Leadership & Governance
Hi there, can anyone help me please?
I was a Trustee of an unincorporated charity operating through a Trust Deed, which made loans to individuals in need of start-up finance. I then closed that charity and started a new CIO; however, I transferred all the funds to the new CIO via a donation, before the closure.
I was a Trustee of an unincorporated charity operating through a Trust Deed, which made loans to individuals in need of start-up finance. I then closed that charity and started a new CIO; however, I transferred all the funds to the new CIO via a donation, before the closure.
My question is:
If a few start-ups are now not able to pay back the loans given from the old unincorporated charity - does anyone know if this makes me personally liable for those loans?
If a few start-ups are now not able to pay back the loans given from the old unincorporated charity - does anyone know if this makes me personally liable for those loans?
Any help someone could give me would be much appreciated. Thank you in advance.
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