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RDWII

Greetings/Church debt?

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Greetings all...

I  recently joined the finance committee at our southern baptist conference church.  We have a small congregation, and are running out of money.  Currently we have enough for our pastor's next salary, but nothing for upcoming bills.  There are also some mission payments that are behind. About $1000 upside down each month.  We've leaned out just about everything, could pick up some nickels, but its dollars we need.

My question is this:  Can the church board/directorship/trustees, etc be held liable for any debt, if the church closes?

thanks in advance for your knowledge...

Richard

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It depends upon the wording of the church bylaws and also the state you are in. Generally, liquidation of assets (including church vehicles, building, land and furnishings) will cover contracted debts (utilities, loans, and such). The government will not count missions obligation as a contracted debt and generally true concerning pastor's severance unless written in either the bylaws or employment contract (even those have exceptions dependent upon the state).

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