Charities in trouble
Charities that owe more than they own face the risk of insolvency.
As a charity trustee you might well be concerned as to whether you would be personally liable if your organisation becomes insolvent.
We advise both charities and their trustees on insolvency matters, providing the tools to help you audit your risks. We can show you how to carry out an insolvency test and check the liability of your trustees.
We’ll also advise you on the steps to take to manage risks and liabilities, and guide you through an action plan that will help you avoid insolvency.
We have particular expertise in advising charities, not-for-profit organisations and educational institutions on all types of legal matters. As one of the firm’s key market segments, our focus on the Third Sector means that our experience and knowledge is only set to expand further.
For more information or to start a conversation on how we can help you please contact Andrew Frake, Associate, Dispute Resolution.