Savings recovery: What to do?
Questioner
The secretary of our foundation has transferred the savings to a third party X. This is as a precaution to prevent another board member from rewarding themselves. X is not a board member. The money should be refunded, but this is being refused. What are the options now?Questioner
X must be given notice of default to refund the money within a reasonable period. If the debtor refuses, you can take collection measures. I can help you with this. Please contact me directly at your earliest convenience.Take the next step
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