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Debra, Lawyer
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In the case of a non profit charitable organization verging

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In the case of a non profit charitable organization verging on bankruptcy: If a new board of Directors is set up, and a new manager chosen in an effort to save the corporation, would that new board be held responsible for the debts incurred by the preceding manager and board if their best efforts are unsuccessful and it still goes bankrupt in the end.
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Directors are not personally liable for debts of a corporation in most cases.

There would have to be fraud or gross negligence before the directors would usually be considered liable.

The directors would be liable for unpaid salaries that are owing of unpaid remittances to the government such as for taxes for employees, CPP, EI and also for collected HST/GST if that were to apply.

Let me know if you need any further clarification.
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