Current:Home > MySan Francisco archdiocese is latest Catholic Church organization to file for bankruptcy -ClearPath Finance
San Francisco archdiocese is latest Catholic Church organization to file for bankruptcy
View
Date:2025-04-15 02:02:27
The Roman Catholic Archdiocese of San Francisco is the latest Catholic organization to declare Chapter 11 bankruptcy as it deals with 537 lawsuits from survivors of child sexual abuse.
Archbishop Salvatore J. Cordileone said in a statement that the bankruptcy allows for the resolution of claims in a fair and equitable manner under court supervision. He added survivors could reach quicker resolutions and possibly receive peace and closure.
"Today, occurrences of abuse within the Catholic Church are very rare,” said Archbishop Salvatore J. Cordileone in a statement. “Given the educational and preventative measures now in place, I believe the Church has set the standard for other organizations, showing what can and should be done to protect our children."
The bankruptcy would cover only the Catholic Archbishop of San Francisco, not its independently managed parishes and schools. The organization serves 442,000 Catholics in San Francisco, San Mateo, and Marin in Northern California.
Dozens of Catholic churches have filed for bankruptcy
Marie Reilly, a law professor at Pennsylvania State University who has kept track of 34 Catholic churches that filed for bankruptcy since 2004, said it's not uncommon for a church to tell congregants it is filing for bankruptcy to insulate itself from future sex abuse lawsuits, she said. Bankruptcy forces the court to treat all claims the same and removes the possibility of jury trials as the trustee of the church will determine how much each claimant gets.
According to Reilly's tracker, 18 Catholic churches have reorganized their debts under Chapter 11 bankruptcy and another 12 are in proceedings. Three religious orders affiliated with the church have also filed for bankruptcy.
Contact reporter Krystal Nurse at knurse@USATODAY.com. Follow her on X, the platform formerly known as Twitter @KrystalRNurse.
veryGood! (78915)
Related
- Audit: California risked millions in homelessness funds due to poor anti-fraud protections
- NFL draft picks 2024: Tracker, analysis for every selection in first round
- O.J. Simpson's Cause of Death Revealed
- Firefighters contain destructive fire on landmark wooden pier on the Southern California coast
- Taylor Swift Cancels Austria Concerts After Confirmation of Planned Terrorist Attack
- Los Angeles Rams 'fired up' after ending first-round pick drought with Jared Verse
- When Is Wayfair Way Day 2024? Everything You Need to Know to Score the Best Deals
- Charges revealed against a former Trump aide and 4 lawyers in Arizona fake electors case
- The seven biggest college football quarterback competitions include Michigan, Ohio State
- Charges revealed against a former Trump aide and 4 lawyers in Arizona fake electors case
Ranking
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Summer House Star Paige DeSorbo Uses This $10 Primer to Lock Her Makeup in Place
- Kirk Cousins reportedly stunned by Falcons pick after signing massive offseason contract
- Poultry producers must reduce salmonella levels in certain frozen chicken products, USDA says
- 51-year-old Andy Macdonald puts on Tony Hawk-approved Olympic skateboard showing
- Arbor Day: How a Nebraska editor and Richard Nixon, separated by a century, gave trees a day
- 10-Year-Old Boy Calls 911 to Report Quadruple Murder-Suicide of His Entire Family
- Ex-Nebraska deputy is indicted in connection with fatal highway shooting
Recommendation
Oklahoma parole board recommends governor spare the life of man on death row
Summer House Star Paige DeSorbo Uses This $10 Primer to Lock Her Makeup in Place
Athletes tied to Iowa gambling sting seek damages in civil lawsuit against state and investigators
Net neutrality is back: FCC bars broadband providers from meddling with internet speed
The White House is cracking down on overdraft fees
Century-old time capsule found at Minnesota high school during demolition
Venice becomes first city in the world to charge day trippers a tourist fee to enter
Stowaway cat who climbed into owner's Amazon box found 650 miles away in California