Current:Home > MarketsSan Francisco archdiocese is latest Catholic Church organization to file for bankruptcy -MomentumProfit Zone
San Francisco archdiocese is latest Catholic Church organization to file for bankruptcy
View
Date:2025-04-22 11:07:34
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! (2562)
Related
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- The Federal Reserve's first rate meeting is on Wednesday. Here's what economists say about rate cuts.
- Memories tied up in boxes and boxes of pictures? Here's how to scan photos easily
- Simon & Schuster marks centennial with list of 100 notable books, from ‘Catch-22' to ‘Eloise’
- Intel's stock did something it hasn't done since 2022
- Horoscopes Today, January 30, 2024
- Hacked-up bodies found inside coolers aboard trucks — along with warning message from Mexican cartel
- Thai activist gets two-year suspended prison sentence for 2021 remarks about monarchy
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Illinois man wins $3 million scratch-off game, runs into 7-Eleven to hug store owner
Ranking
- Arkansas State Police probe death of woman found after officer
- Minnesota man accused of assembling an arsenal to attack police is sentenced to nearly 7 years
- PGA Tour strikes a $3 billion deal with a sports owners investment group
- Alaska governor pitches teacher bonuses as debate over education funding dominates session
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Golden Bachelor Stars Join Joey Graziadei's Journey—But It's Not What You Think
- Margot Robbie Breaks Silence on Oscars Nomination Snub for Barbie Role
- PGA Tour strikes $3 billion deal with Fenway-led investment group. Players to get equity ownership
Recommendation
John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
Cher Denied Conservatorship of Son Elijah Blue Allman
Real Housewives of Beverly Hills Alum Lisa Rinna Shares $3 Picks To Refresh Your Beauty Routine
Launching today: Reporter Kristen Dahlgren's Pink Eraser Project seeks to end breast cancer as we know it
South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
Olive oil in coffee? Oleato beverages launching in Starbucks stores across US
Man accused of beheading his father, police investigating video allegedly showing him with the head
Dallas Mavericks coach Jason Kidd says Luka Doncic is 'better than Dirk' Nowitzki