Directors’ self-dealing benefit not discharged in bankruptcy

Directors’ self-dealing benefit not discharged in bankruptcy

The president and a director of the Network of Neighbors, a 501(c)(3) organization on Martha’s Vineyard in Massachusetts, asked their new friends Scott and Danielle Pendergraft to join the board.  Not long thereafter, Scott became treasurer and Danielle, who had a background in event planning and public relations, became involved in event planning for the nonprofit.

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